Self-help initiatives at XPO are being met with better demand, pushing the less-than-truckload carrier’s financial results meaningfully higher.
XPO saw improving trends in its less-than-truckload unit during the first quarter, with margin improvement outpacing normal seasonal patterns.
XPO sees tonnage return to positive territory in February.
XPO’s less-than-truckload tonnage was flat in January, breaking an 18-month stretch of declines.
XPO beat fourth-quarter expectations on Thursday.
Intermodal marketing company STG Logistics announced Monday it has entered into a Chapter 11 restructuring plan.
XPO’s fourth-quarter update showed less-than-truckload trends largely in line with the company’s prior guidance.
XPO once again reported significant margin improvement in the third quarter, despite a soft less-than-truckload market.
XPO beat third-quarter expectations as yield and operating efficiency initiatives offset a soft demand environment.
Old Dominion Freight Line was named as the top national carrier for a 16th straight year by Mastio & Co.
Less-than-truckload carrier XPO’s third-quarter update showed a notable moderation in tonnage declines during August.
Less-than-truckload carrier XPO sees “a massive runway ahead” for its self-help initiatives even if the broader economy doesn’t cooperate.
Less-than-truckload carrier XPO continued a streak of earnings beats on Thursday, reporting revenue and net income ahead of consensus estimates.
Less-than-truckload carrier XPO saw a volume decline in May that was in line with its previous guidance.
Less-than-truckload carrier XPO reiterated its outlook for margin improvement in 2025 even if the economy doesn’t cooperate.
Less-than-truckload carrier XPO is one of the few transportation companies to report better-than-expected results for the first quarter.
Less-than-truckload stocks bore the brunt of Liberation Day tariffs, falling 18% on average following the announcement and adding to an already down year.
Deutsche Bank relaunched coverage of the transportation space on Friday with a strong bias toward companies most likely to benefit from a pickup in the industrial economy.
Less-than-truckload carrier XPO’s February tonnage decline isn’t as bad as the headline result suggests.
Shares of less-than-truckload carrier XPO were up 9% in midday trading on Thursday following a fifth consecutive quarter of year-over-year margin improvement.
Less-than-truckload carrier XPO beat fourth-quarter earnings expectations Thursday before the market opened.
A spinoff of FedEx Freight will give investors more options to play the less-than-truckload space.
XPO and Old Dominion reported tonnage declines in November, but both appear to be anticipating a market recovery.
Industrial data remains under pressure ahead of intraquarter updates from less-than-truckload carriers.
Less-than-truckload carrier XPO beat third-quarter expectations and outlined a plan for outsize yield and margin growth.
XPO beats third-quarter expectations, reporting 200 basis points of margin improvement in its less-than-truckload unit.
Daylight Transport and Old Dominion Freight Line garnered the top rankings in consulting and research firm Mastio’s 2024 survey of shippers.
Susquehanna Financial Group analyst Bascome Majors cut his earnings forecasts for less-than-truckload carriers following a soft August.
