XPO Stock Recent News

XPO's commitment to improving service quality continues to drive positive results, as damage claims reached record lows while yield reached record highs. The Company continues to invest in its network capacity, driving down the average age of tractors to 4 years. With a lower average age and higher efficiency, maintenance costs were reduced. Of the 28 service centres XPO acquired, 14 have already opened, with another 10 planned to open in 2H24. The remaining four will open in early 2025.

XPO's initiatives to improve customer satisfaction and expand capacity are paying off. Its North American adjusted operating ratio improved by 440 basis points.

While the top- and bottom-line numbers for XPO (XPO) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

The logistics firm reported a strong second quarter, It's a sign of stabilizing demand in the wider economy.

GREENWICH, Conn., Aug. 01, 2024 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO) today announced its financial results for the second quarter 2024. The company reported diluted earnings from continuing operations per share of $1.25, compared with $0.27 for the same period in 2023, and adjusted diluted earnings from continuing operations per share of $1.12, compared with $0.71 for the same period in 2023.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for XPO (XPO), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.

GREENWICH, Conn., July 25, 2024 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO), a leading provider of freight transportation in North America, today announced its team of finalists for this year's National Truck Driving Championships (NTDC) from August 21 to 24 in Indianapolis.

GREENWICH, Conn., July 09, 2024 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO) will hold its second quarter conference call and webcast on Thursday, August 1, at 8:30 a.m. Eastern Time. The company's results will be released earlier that morning and made available on www.xpo.com .

GREENWICH, Conn., June 06, 2024 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO), a leading provider of freight transportation in North America, today reported certain preliminary LTL segment operating metrics for May 2024. LTL tonnage per day increased 2.4%, as compared with May 2023, attributable to a year-over-year increase of 3.8% in shipments per day and a decrease of 1.4% in weight per shipment. Actual results for May 2024 may vary from the preliminary results reported above.

The Investment Committee debate Stifel's upgrade of XPO and the transportation sector.