XPO Logistics

XPO, Inc. engages in the provision of freight transportation services. It operates through the North American LTL and Brokerage and Other Services segments. The North American LTL segment includes cross-border U.S. service to and from Mexico and Canada, as well as intra-Canada service. The Brokerage and Other Services segment is involved in last mile logistics for heavy goods sold through e-commerce, omnichannel retail, and direct-to-consumer channels. The company was founded by Michael Welch and Keith Avery in May 1989 and is headquartered in Greenwich, CT.

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XPO Logistics excels in Q4 2022, eyes growth opportunities

XPO Logistics delivered strong Q4 2022 results, exceeding expectations in revenue and EBITDA growth, with a focus on service quality and strategic business simplification.
The company faces challenges from fuel price impacts and industry dynamics but has opportunities in leveraging service improvements and market demand outlook.
XPO's performance reflects a commitment to growth targets, technology implementation, and network expansion, positioning it for continued success in a dynamic market.
With a cautious yet optimistic outlook for 2023, XPO aims to drive growth through operational efficiency, customer satisfaction, and disciplined capacity expansion.

XPO Logistics reports solid Q1 results amidst operational challenges

XPO Logistics delivered strong financial performance in Q1 2023, with a focus on operational efficiency, service quality, and cost management.
While facing challenges in tonnage trends and cost reduction goals, XPO is well-positioned to capitalize on opportunities for growth and innovation.
Strategic initiatives like the LTL 2.0 plan, fleet optimization, and technology-driven efficiency improvements are driving XPO's success and future prospects.

XPO Logistics exceeds Q2 expectations, eyes growth amid operational strengths

XPO Logistics reported strong financial results, driven by operational efficiencies and strategic initiatives. The company's focus on customer service, network investments, and cost efficiency bodes well for future growth. Balancing volume growth with pricing strategies and leveraging technology and employee engagement are key focus areas for sustained success.

XPO Logistics excels in Q3, eyes service quality for growth

XPO Logistics reported robust Q3 financial performance, showcasing progress in their LTL 2.0 plan and cost efficiency measures.
While facing challenges in soft customer demand and excess network capacity, the company is focused on service quality enhancements and cost optimization.
Opportunities lie in improving pricing through service quality, reducing costs per shipment, and leveraging incentive structures for profit improvement.
Overall, XPO Logistics is well-positioned for growth with a strong financial foundation and strategic initiatives in place for future success.

XPO Logistics excels in Q4, eyes growth through pricing and efficiency

XPO Logistics' Q4 performance reflects strong revenue growth, margin improvement, and strategic initiatives driving operational efficiency. The company's focus on pricing, service quality, and margin expansion positions it well for future success. Challenges related to CapEx spend and compensation realignment are being addressed to capitalize on growth opportunities.

XPO Logistics excels in Q1 2024, eyes margin improvement

XPO Logistics demonstrated robust financial performance and operational excellence in Q1 2024.
The company's focus on service quality, cost efficiency, and margin improvement is driving growth.
While facing challenges in a muted freight market, XPO is well-positioned to capitalize on opportunities.
Strategic initiatives and strong performance in key markets position XPO for continued success.

XPO Logistics excels in Q2, poised for strong 2025 growth

XPO Logistics' Q2 performance reflects robust revenue growth and profitability, driven by strategic initiatives and cost management.
Anticipated OR improvement, earnings growth, and margin expansion signal a positive outlook for XPO in 2025.
While challenges in cost management and market dynamics persist, opportunities in service enhancement and customer base expansion offer avenues for sustained growth.
Employee satisfaction and engagement initiatives underscore XPO's commitment to its workforce and long-term success in the logistics industry.

XPO Logistics excels in Q3, eyes North American LTL growth

XPO Logistics showcased strong financial performance driven by revenue growth and margin expansion.
The company's focus on service quality, capacity investments, and pricing strategy bodes well for future growth.
Challenges include managing tonnage decline in Q4 and the strategic sale of the European business.
Opportunities lie in becoming a North American LTL carrier, enhancing service offerings, and maintaining pricing discipline.

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XPO, Inc. engages in the provision of freight transportation services. It operates through the North American Less-Than-Truckload (North American LTL) and European Transportation segments. The North American LTL segment offers trailer manufacturing operations and domestic and cross-border services to and from the United States, Mexico, Canada, and the Caribbean. The European Transportation segment provides truckload, less-than-truckload, truck brokerage, managed transportation, last mile, freight forwarding, and multimodal solutions, such as road-trail and road-shirt sea combinations, to the consumer, trade, and industrial markets. The company was founded by Michael Welch and Keith Avery in May 1989 and is headquartered in Greenwich, CT.

GREENWICH, Conn. , Aug. 04, 2023 (GLOBE NEWSWIRE) -- XPO  (NYSE:  XPO ) today announced its financial results for the second quarter 2023, reflecting a solid performance in a soft industry environment for freight transportation. The company reported revenue of $1.92 billion and diluted earnings from continuing operations per share of $0.27.

XPO Reports Second Quarter 2023 Results

XPO (XPO) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for XPO (XPO) This Earnings Season?

A Wall Street bank raised its price target on XPO this week, reflecting continued trucking-demand resilience and a potential bankruptcy filing by rival Yellow. XPO shares have been surging for weeks now.

Why XPO Stock Accelerated This Week

GREENWICH, Conn., July 19, 2023 (GLOBE NEWSWIRE) -- XPO  (NYSE: XPO) today announced the promotion of Kyle Wismans to the position of chief financial officer, effective August 11, 2023. Wismans currently serves as XPO's senior vice president, revenue management and finance, after joining the company in 2019 as senior vice president, financial planning and analysis. He will succeed CFO Carl Anderson, who is stepping down to rejoin a former colleague in an industry where he worked for over a decade.

XPO Announces Appointment of Kyle Wismans as Chief Financial Officer

GREENWICH, Conn., July 13, 2023 (GLOBE NEWSWIRE) -- XPO  (NYSE: XPO), a leading provider of freight transportation in North America, today announced the completed expansion of its Norcross, GA service center, substantially expanding capacity in metro Atlanta. This marks another important milestone in the implementation of the company's previously announced plan to grow capacity in its North American network with 900 net new doors nationally by the first quarter of 2024.

XPO Adds Capacity in Georgia with Norcross Service Center Expansion

GREENWICH, Conn. , July 10, 2023 (GLOBE NEWSWIRE) -- XPO  (NYSE: XPO) will hold its second quarter conference call and webcast on Friday, August 4, at 8:30 a.m. Eastern Time. The company's results will be released earlier that morning and made available on  www.xpo.com .

XPO Schedules Second Quarter 2023 Earnings Conference Call for Friday, August 4, 2023

GREENWICH, Conn. , July 10, 2023 (GLOBE NEWSWIRE) -- XPO  (NYSE: XPO), a leading provider of freight transportation in North America, today announced that 41 of its drivers will represent the company at this year's National Truck Driving Championships (NTDC), known as the "Super Bowl of Safety.” Each of the drivers earned finalist status by winning first place in a state-level competition and will compete for a national title from August 16 to 19 in Columbus, Ohio.

41 XPO Drivers to Compete in the National Truck Driving Championships, the “Super Bowl of Safety”

XPO traded higher in June on talk that rival Yellow could be headed towards bankruptcy. Even without the Yellow news, XPO appears to be gaining momentum and heading in the right direction.

Why XPO Stock Was in the Fast Lane in June

Old Dominion Freight Line

Saia

One report said Yellow, the nation's third-largest LTL carrier, could run out of liquidity in six weeks. If Yellow goes bankrupt, other carriers, like Saia, XPO, and Old Dominion, will likely pick up market share.

Why LTL Stocks Were Surging This Week

Workers at the first XPO location where the Teamsters successfully negotiated a contract with the LTL carrier have voted to decertify the union. Workers in Hialeah, Florida, near Miami, reached agreement on a contract with XPO almost two years ago, the first time that a Teamsters local had successfully negotiated a contract with the LTL carrier.

XPO workers oust Teamsters at Miami-area site of groundbreaking contract

XPO, Inc. is expanding its network and operations to drive efficiency and growth, with a focus on enhancing customer service. Despite industry headwinds, XPO has gained market share and demonstrated strong execution, with a healthy balance sheet and attractive valuation. Long-term potential is promising, but caution is advised due to current price levels and economic conditions.

XPO: Riding Out The Storm, Unlocking Endless Future Potential

Less-than-truckload carrier XPO said Thursday it has completed the expansion of its Salt Lake City terminal, which serves the Pacific Northwest market. A total of 58 doors and 170,000 square feet of yard space were added to the site.

XPO finishes expansion project in Salt Lake City

XPO reported Tuesday a continuation of muted trends in its less-than-truckload segment during May. Tonnage was down 2.3% year over year (y/y) in the month, following a similar previously disclosed decline in April.

XPO's tonnage dips again in May, inflects higher from Q1

GREENWICH, Conn., June 06, 2023 (GLOBE NEWSWIRE) -- XPO  (NYSE: XPO), a leading provider of less-than-truckload (LTL) freight transportation in North America, today reported certain LTL segment operating metrics for May 2023. LTL tonnage per day declined 2.3%, as compared with May 2022, attributable to a year-over-year increase of 1.8% in shipments per day and a decrease of 4.0% in weight per shipment.

XPO Provides North American LTL Operating Data for May 2023

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GREENWICH, Conn. , May 17, 2023 (GLOBE NEWSWIRE) -- XPO, Inc. (“XPO” or the “company”) (NYSE: XPO) today announced the pricing of its $700 million secured term loan facility (the “Term Loan Facility”), $830 million of Senior Secured Notes due 2028 (the “Secured Notes”) and $450 million of Senior Unsecured Notes due 2031 (the “Unsecured Notes,” and together with the Secured Notes, the “Notes”).

XPO Announces Pricing of Refinancing Transactions

GREENWICH, Conn., May 15, 2023 (GLOBE NEWSWIRE) -- XPO, Inc. (“XPO” or the “company”) (NYSE:  XPO) today announced that it intends to refinance a portion of its existing senior secured term loan facility due February 2025 with approximately $700 million of new senior secured term loans maturing in 2028 (the “Term Loan Refinancing”). In connection with the Term Loan Refinancing, XPO anticipates refinancing additional amounts outstanding under its existing senior secured term loan facility and paying related fees, expenses and accrued interest with the proceeds of approximately $830 million of additional senior secured debt and approximately $450 million of additional senior unsecured debt, subject to market and other conditions. The remaining portion of XPO's existing term loans are expected to be repaid with cash on hand in the second quarter of 2023.

XPO Announces Proposed Term Loan Refinancing Transaction

video-js.video-js.vjs-fluid:not(.vjs-audio-only-mode) {padding-top: 56.25%;} In the fast-paced world of freight transportation, success is often determined by a carrier's ability to deliver goods damage-free and on-time, but really, it's driven by the people behind the scenes who make it all happen.  That's why new Chief Human Resources Officer of XPO, Carolyn Roach, is highly focused building a workplace culture where each team member can thrive and feel motivated to perform at their best.

How XPO plans to become a talent magnet in transportation

GREENWICH, Conn. , May 10, 2023 (GLOBE NEWSWIRE) -- XPO  (NYSE: XPO), a leading provider of freight transportation in North America, announced that it has renewed its long-standing commitment as the official transportation partner of the Susan G. Komen® 3-Day fundraising walks through 2025.

XPO Continues Support of Susan G. Komen® 3-Day Walks as Official Transportation Partner

Less-than-truckload carrier XPO beat first-quarter expectations Thursday and provided commentary that sent shares higher. XPO (NYSE: XPO) reported adjusted earnings per share of 56 cents, which was 10 cents higher than the consensus estimate and the first quarter of 2022.

XPO beats Q1 expectations, eyes $50M in labor cost reductions

The headline numbers for XPO (XPO) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, XPO (XPO) Q1 Earnings: A Look at Key Metrics

XPO, Inc. (NYSE:XPO ) Q1 2023 Earnings Conference Call May 4, 2023 8:30 AM ET Company Participants Mario Harik - Chief Executive Officer Carl Anderson - Chief Financial Officer Ali Faghri - Chief Strategy Officer Conference Call Participants Fadi Chamoun - BMO Scott Group - Wolfe Research Jon Chappell - Evercore ISI Chris Wetherbee - Citigroup Brian Ossenbeck - JPMorgan Brandon Oglenski - Barclays Tom Wadewitz - UBS Ken Hoexter - Bank of America Joe Hafling - Jefferies James Monigan - Wells Fargo Scott Schneeberger - Oppenheimer Jordan Alliger - Goldman Sachs Elliot Alper - Cowen and Company Jeff Kauffman - Vertical Research Partners Operator Welcome to the XPO Q1 2023 Earnings Conference Call and Webcast. My name is John, and I will be your operator for today's call.

XPO, Inc. (XPO) Q1 2023 Earnings Call Transcript

Revenue growth to $1.9 billion, and diluted EPS of $0.15 Adjusted diluted EPS of $0.56, up 22% year-over-year Highest first quarter LTL service quality in over a decade GREENWICH, Conn. , May 04, 2023 (GLOBE NEWSWIRE) --   XPO  (NYSE: XPO) today announced its financial results for the first quarter 2023.

XPO Reports First Quarter 2023 Results

Hess

XPO Logistics stock soared on news it landed a new Chief Operating Officer. The post 3 Fast-Growing Companies Near Buy Points.

3 Fast-Growing Companies Near Buy Points. How One Executive Hire Sent This Stock Soaring

Earnings season has begun in earnest, and a cavalcade of income statements and webcasts with analysts will mark the next few weeks. Volatile stock price movements drove the CE 100 Index to a virtual standstill, off 0.5% for the week.

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