UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________ Form 10-Q ___________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from____________to____________ Commission File Number: 001-32172 ______ ...

Financial Data and Key Metrics Changes - The company reported revenue of $2 billion for Q3 2023, a 2% increase year-over-year and a 3% sequential increase from Q2 2023 [31] - Adjusted EBITDA improved to $278 million, reflecting a 6% year-over-year increase [7][35] - Adjusted diluted EPS was $0.88, higher than expected, although down 7% from the previous year [8][40] - Net income from continuing operations was $86 million, with diluted EPS of $0.72, compared to $92 million and $0.79 a year ago [38] Business Segment Data and Key Metrics Changes - In the LTL segment, revenue increased by 2% year-over-year and 8% sequentially, with adjusted EBITDA growing to $241 million [31][37] - The European Transportation segment saw adjusted EBITDA increase to $44 million for the quarter [37] - The claims ratio for damages improved to 0.4%, down from 0.7% in the prior quarter and significantly better than the 1.2% at the launch of LTL 2.0 [9][12] Market Data and Key Metrics Changes - The company experienced a 7.8% year-over-year increase in shipment count, driven by a 13% growth in the local sales channel [43] - Yield, excluding fuel, grew by 6.4% year-over-year, indicating strong pricing trends [47] - The average tractor age decreased from 5.9 years at the end of 2022 to 5.2 years, reflecting ongoing investments in fleet modernization [14] Company Strategy and Development Direction - The company is focused on four pillars of its LTL 2.0 strategy: customer service, network investment, yield growth, and cost efficiency [7][18][22] - More than two-thirds of the 2023 CapEx is allocated to increasing fleet capacity, with a target of 8% to 12% of revenue for CapEx allocation through 2027 [17] - The company aims to be the best-in-class LTL service provider, with ongoing investments in service improvements and technology [12][28] Management's Comments on Operating Environment and Future Outlook - Management noted a soft market for freight transportation but expressed confidence in the company's ability to capture market share and improve service levels [7][26] - There is optimism regarding demand recovery in 2024, although the macroeconomic environment remains uncertain [71] - The company expects to outperform typical seasonality in Q4, with anticipated yield growth in the high single-digit range [54][55] Other Important Information - The company ended the quarter with $355 million in cash and $944 million in total liquidity [40] - The company is targeting a reduction in third-party linehaul miles to at least 50% by 2027 compared to 2021 levels [24] Q&A Session Summary Question: Operating ratio and fourth-quarter outlook - Management expects Q4 tonnage to be up low single digits year-over-year, with yield growth expected to accelerate [54][55] Question: Pricing sustainability and accessorial revenue - Contract renewal pricing is currently up 9%, and management anticipates this to be sustainable in the near term [58][60] Question: Impact of lower claims on pricing - Improved service and lower claims ratios are expected to lead to higher pricing, with a goal of reaching a 0.1% claims ratio over time [61] Question: Yellow service centers and capacity - Management views the Yellow service centers as an opportunity to accelerate capacity growth, with expectations of a gradual return to LTL operations [64][65] Question: Yield improvement and local customer base - The most significant impact on yield in Q3 came from service improvements, with local sales channel shipments increasing by 13% year-over-year [68] Question: Freight market trends - The underlying demand environment has been soft but is showing signs of slight improvement, with more customers expressing optimism for demand recovery in 2024 [70][71]

(Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Washington, D.C. 20549 ___________________________________________ Form 10-Q ___________________________________________ For the transition period from____________to____________ Commission File Number: 001-32172 ___________ ...

Financial Data and Key Metrics Changes - Company-wide revenue for Q2 2023 was $1.9 billion, down 6% year-over-year but up 1% sequentially from Q1 2023 [20] - Adjusted EBITDA was $244 million, a decrease of 16% year-over-year, with an adjusted EBITDA margin of 12.7%, down 140 basis points year-over-year [23] - Net income from continuing operations was $31 million, translating to diluted earnings per share of $0.27, compared to $96 million and $0.83 per diluted share a year ago [25] - Adjusted EPS for the quarter was $0.71, down 38% from the previous year [26] Business Line Data and Key Metrics Changes - In the North American LTL segment, revenue decreased by 8% year-over-year, while adjusted EBITDA was $208 million, down 24% from a year ago [20][24] - LTL salaries, wages, and benefits increased by 4.6% year-over-year, primarily due to wage increases [20] - Purchased transportation expense decreased by 35% year-over-year, reflecting a shift towards insourcing more linehaul miles [21] Market Data and Key Metrics Changes - Organic revenue in the European Transportation segment was largely unchanged despite a soft operating environment, with strong pricing trends observed [15] - The UK and Central Europe markets outperformed the overall European segment, with pricing higher than the same period last year [35] Company Strategy and Development Direction - The company is focused on its LTL 2.0 plan, which includes four pillars: enhancing customer service, investing in network capacity, accelerating yield growth, and driving cost efficiencies [7][10][12][13] - Capital expenditures are expected to be between 8% to 12% of revenue, with potential to exceed the high end of this range in the near term due to increased capacity needs [10][42] - The company aims to achieve at least 600 basis points of adjusted operating ratio improvement through 2027 [16] Management's Comments on Operating Environment and Future Outlook - Management noted a soft operating environment but highlighted improvements in service metrics and customer satisfaction [7][8] - The company expects yield growth to accelerate in Q3 2023, with a baseline forecast of 3% year-over-year growth [53] - Management remains optimistic about the potential for pricing improvements and market share gains following recent industry disruptions [56][70] Other Important Information - The company completed the refinancing of its $2 billion term loan, improving its weighted average maturity timeline to approximately six years [28] - The transition to a new CFO is expected to be seamless, with the incoming CFO having significant experience in the industry [17] Q&A Session Summary Question: Impact of July volumes post-Yellow - Management reported a 4.2% year-over-year increase in tonnage and an 8.8% increase in shipment count for July, indicating strong performance despite typical seasonal trends [39] Question: Current shipment count and margin handling - Shipment counts increased by high single digits towards the end of July, with management confident in handling the increased volume without significant margin pressure [45][46] Question: Pricing and yield growth expectations - Management anticipates yield growth to accelerate in Q3, with a focus on maintaining service quality while selectively onboarding new freight [60][66] Question: Capacity management and market dynamics - The company currently operates with approximately 20% excess capacity, which is expected to decrease as volumes increase, but management aims to maintain a long-term target of 20% to 25% excess capacity [99] Question: European business strategy - The company has paused the sale of its European business, focusing instead on strengthening its North American LTL operations while still performing well in Europe [87][96]

XPO Investor Overview Q2 2023 August 2023 This document includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to our full year 2023 expectations of gross capex, interest expense, pension income, effective tax rate, and diluted share count, and future financial targets of North American LTL revenue CAGR, adjusted EBITDA CAGR, adjusted operating ratio imp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________ Form 10-Q ___________________________________________ (Exact name of registrant as specified in its charter) _______________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...

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 Schne ...

For the fiscal year ended December 31, 2022 or UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________ Form 10-K _______________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 XPO, Inc. (Exact name of registrant as specified in its charter) _______________________________________________________ Delaware 03-0450326 (State or other jurisdiction of ...

Investor Presentation February 2023 Non-GAAP financial measures As required by the rules of the Securities and Exchange Commission ("SEC"), we provide reconciliations of the non-GAAP financial measures contained in this document to the most directly comparable measure under GAAP, which are set forth in the financial tables attached to this document. This document contains the following non-GAAP financial measures: adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA") on ...

XPO Logistics, Inc. (NYSE:XPO) Q4 2022 Earnings Conference Call February 9, 2023 8:30 AM ET Company Participants Carl Anderson - CFO Mario Harik - CEO & Director Conference Call Participants Stephanie Moore - Jefferies Scott Schneeberger - Oppenheimer Chris Wetherbee - Citigroup Jordan Alliger - Goldman Sachs Brandon Oglenski - Barclays Scott Group - Wolfe Research Allison Poliniak - Wells Fargo Tom Wadewitz - UBS Ken Hoexter - Bank of America Jeff Kauffman - Vertical Research Partners Brian Ossenbeck - JPM ...