GREENWICH, Conn., Feb. 06, 2025 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO) today announced its financial results for the fourth quarter 2024. The company reported diluted earnings from continuing operations per share of $0.63, compared with $0.49 for the same period in 2023, and adjusted diluted earnings from continuing operations per share of $0.89, compared with $0.77 for the same period in 2023. For the full year 2024, the company reported diluted earnings from continuing operations per share of $3.23, compared ...

The upcoming report from XPO (XPO) is expected to reveal quarterly earnings of $0.62 per share, indicating a decline of 19.5% compared to the year-ago period. Analysts forecast revenues of $1.91 billion, representing a decrease of 1.7% year over year.The consensus EPS estimate for the quarter has undergone a downward revision of 15.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Bef ...

Honorees Include Three Four Million Milers and 100th Three Million Miler in Company HistoryGREENWICH, Conn., Jan. 29, 2025 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO), a leading provider of freight transportation in North America, today announced that 246 of its professional truck drivers achieved million-mile safe driving milestones in 2024. Collectively, they have driven over 308 million consecutive accident-free miles, equivalent to roughly 12,379 trips around the Earth. Of the 246 drivers, 199 reached one milli ...

Core Points - XPO has renewed its partnership with Truckers Against Trafficking (TAT) for the fifth consecutive year, continuing its commitment to combat human trafficking in the transportation industry [1][2] - Nearly 6,000 XPO employees have been trained to recognize and report suspected human trafficking, enhancing safety on the roads [2] - The partnership coincides with National Human Trafficking Awareness Month, highlighting the importance of public resources like the National Human Trafficking Hotline [2] Company Overview - XPO, Inc. is a leader in asset-based less-than-truckload (LTL) freight transportation in North America, moving 18 billion pounds of freight annually [4] - The company serves approximately 54,000 customers with 611 locations and employs 38,000 people across North America and Europe [4]

GREENWICH, Conn., Jan. 08, 2025 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO) will hold its fourth quarter conference call and webcast on Thursday, February 6, at 8:30 a.m. Eastern Time. The company's results will be released earlier that morning and made available on www.xpo.com. Access information:Call toll-free from US/Canada: 1-877-269-7756International callers: +1-201-689-7817Live webcast online at: www.xpo.com/investors A replay of the conference call will be available until March 8, 2025, by calling toll-free ...

With incoming president Donald Trump's focus on tariffs as a means of controlling trade, investors might reasonably expect that the cost of importing some international goods could substantially increase after the arrival of the new administration in 2025. One possible outcome of this move might be an increase in domestic production and manufacturing. This is not yet the case—for December 2024, the S&P Global U.S. Manufacturing PMI, a measure of whether the manufacturing industry is growing or contracting, ...

GREENWICH, Conn., Dec. 03, 2024 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO), a leading provider of freight transportation in North America, today reported certain preliminary LTL segment operating metrics for November 2024. LTL tonnage per day decreased 4.0%, as compared with November 2023, attributable to a year-over-year decrease of 4.2% in shipments per day and an increase of 0.2% in weight per shipment. Actual results for November 2024 may vary from the preliminary results reported above. About XPO XPO, Inc. (N ...

GREENWICH, Conn., Nov. 11, 2024 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO), a leading provider of freight transportation in North America, announced today that it has been named a 2025 Military Friendly® Employer by Viqtory, a service-disabled and veteran-owned military marketing enterprise. This is the second year in a row the company has received this honor. The Military Friendly Employer designation reflects XPO’s extensive efforts to bring veteran and military talent into its organization and to build a suppo ...

XPO just delivered another impressive earnings report.Trucking stocks don't get a lot of attention these days, but savvy investors know that there's opportunity in every sector.XPO (XPO -0.26%) represents a great example of that principle. During a time when much of the freight transportation sector has been mired in a recession, XPO has delivered phenomenal growth for investors thanks to investments and improvements in the business. In fact, the stock has doubled in the last year, and the company has consi ...

Financial Data and Key Metrics Changes - Company-wide revenue grew year-over-year by 4% to $2.1 billion, with adjusted EBITDA increasing by 20% to $333 million, and adjusted diluted EPS rising by 16% to $1.02 [7][24][26] - The adjusted operating ratio improved by 200 basis points year-over-year to 84.2%, marking the highest end of the target range [8][35] Business Line Data and Key Metrics Changes - In the LTL segment, revenue increased by 2% year-over-year, with adjusted EBITDA growing by 18% to $284 million [21][24] - Yield excluding fuel in the LTL segment grew by 6.7% year-over-year, contributing to margin improvement [12][34] - European Transportation segment revenue increased by 7% year-over-year, with the strongest performance in the U.K. showing mid-teens organic revenue growth [16][17] Market Data and Key Metrics Changes - The company reported a 3.2% decline in overall shipments per day, but local channel shipments increased by over 10% [31][32] - Tonnage per day declined by 3.9%, tracking seasonality and outperforming the industry [32][33] Company Strategy and Development Direction - The company focuses on four strategic levers: service quality, yield growth, investments in the network, and cost efficiency [8] - Significant investments have been made in capacity, including adding nearly 15,000 trailers and over 4,000 tractors to the fleet [10] - The company aims to achieve an adjusted operating ratio improvement of 150 to 250 basis points for the full year [36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to outperform the market despite a soft freight environment, citing strong pricing and service improvements [18][19] - The company anticipates a strong year in 2025, driven by ongoing service improvements and premium offerings [63][66] Other Important Information - The company ended the quarter with $378 million in cash and $934 million in total liquidity, with a net debt leverage ratio of 2.5 times trailing 12 months adjusted EBITDA [27][28] - The company has opened 21 of the 28 service centers acquired last December, with expectations to open the remaining centers by early next year [11] Q&A Session Summary Question: Pricing gap and volume trends - Management noted a mid-teens pricing gap compared to best-in-class, with improvements driven by service quality and premium offerings [40][41] - Volume trends in October were down approximately 8%, normalized for a cyberattack impact [44][45] Question: Pricing upside and margin outlook - Management indicated a constructive pricing environment, with renewals up high-single digits and expectations for continued strong pricing [46][50] - The company expects to outperform the market in terms of margin improvement, with a focus on local accounts and accessorial revenue [52][54] Question: Service improvements and future initiatives - Management highlighted a significant reduction in damage claims and ongoing improvements in on-time performance [54][56] - Future initiatives include expanding premium services and enhancing service quality through insourcing [60][66] Question: 2025 outlook and operational efficiency - Management expects a strong year in 2025, with continued improvements in operating ratio and earnings growth [63][66] - New service centers are expected to be OR-neutral in 2024 and OR-accretive in subsequent years [71][74]