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22 XPO Drivers to Compete in the 2024 National Truck Driving Championships in Indianapolis
Newsfilter· 2024-07-25 16:00
The annual NTDC, hosted by the American Trucking Associations, is a contest of precision driving skills and industry knowledge. Known as the "Super Bowl of Safety," NTDC celebrates the nation's most accomplished drivers while underscoring the importance of safety in the freight industry. XPO's 2024 NTDC Finalists: Rich Sweeney (Massachusetts): 2019 national Grand Champion Rich Sweeney returns for his 15th appearance at the NTDC, where he will compete in the tank truck class. Wilbert Vano (New Jersey): Wilbe ...
XPO Schedules Second Quarter 2024 Earnings Conference Call for Thursday, August 1, 2024
GlobeNewswire News Room· 2024-07-09 20:10
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. A replay of the conference call will be available until August 31, 2024, by calling toll-free (from US/Canada) 1- 877-660-6853; international callers dial +1-201-612-7415. Use the passcode 13747657. Additionally, the call will be archived on ...
XPO(XPO) - 2024 Q1 - Earnings Call Transcript
2024-05-04 13:11
XPO, Inc. (NYSE:XPO) Q1 2024 Earnings Conference Call May 3, 2024 8:30 AM ET Company Participants Mario Harik - CEO Kyle Wismans - CFO Ali Faghri - CSO Conference Call Participants Ravi Shanker - Morgan Stanley Ken Hoexter - Bank of America Daniel Imbro - Stephens Fadi Chamoun - BMO Capital Markets Jon Chappell - Evercore ISI Stephanie Moore - Jefferies Tom Wadewitz - UBS Brian Ossenbeck - J.P. Morgan Jason Seidl - TD Cowen Jordan Alliger - Goldman Sachs Brandon Oglenski - Barclays Scott Schneeberger - Oppe ...
XPO(XPO) - 2024 Q1 - Quarterly Report
2024-05-03 20:06
Commission File Number: 001-32172 _______________________________________________________ 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 March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the tra ...
XPO(XPO) - 2024 Q1 - Quarterly Results
2024-05-03 10:46
Exhibit 99.1 XPO Reports First Quarter 2024 Results GREENWICH, Conn. – May 3, 2024 – XPO (NYSE: XPO) today announced its financial results for the first quarter 2024. The company reported diluted earnings from continuing operations per share of $0.56, compared with $0.15 for the same period in 2023, and adjusted diluted earnings from continuing operations per share of $0.81, compared with $0.56 for the same period in 2023. First Quarter 2024 Summary Results | Three months ended March 31, | Revenue | | | | | ...
XPO(XPO) - 2023 Q4 - Annual Report
2024-02-08 11:46
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 For the fiscal year ended December 31, 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 ______________ ...
XPO(XPO) - 2023 Q4 - Earnings Call Presentation
2024-02-07 13:50
XPO Investor Overview Q4 2023 February 2024 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 2024 expectations of gross capex, interest expense, pension income, adjusted effective tax rate, and diluted share count, and future financial targets of North American LTL revenue CAGR, adjusted EBITDA CAGR, adjusted operatin ...
XPO(XPO) - 2023 Q3 - Quarterly Report
2023-10-30 20:15
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 ______ ...
XPO(XPO) - 2023 Q3 - Earnings Call Transcript
2023-10-30 16:26
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]
XPO(XPO) - 2023 Q2 - Quarterly Report
2023-08-04 20:16
(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 ___________ ...