XPO Announces $750 Million Share Repurchase Authorization

Core Viewpoint - XPO has authorized a new share repurchase plan of up to $750 million, replacing the previous plan which had$503 million remaining as of March 26, 2025 [1][2]. Group 1: Share Repurchase Plan - The new repurchase plan is effective immediately and allows for shares to be repurchased at management's discretion through various methods, including a 10b5-1 trading plan and open market purchases [2]. - The timing and number of shares repurchased will depend on factors such as price, market conditions, and alternative investment opportunities, with no obligation to repurchase a specific number of shares [3]. Group 2: Company Overview - XPO is a leader in asset-based less-than-truckload (LTL) freight transportation in North America, moving approximately 18 billion pounds of freight annually [4]. - The company serves around 55,000 customers with 614 locations and employs 38,000 people across North America and Europe, headquartered in Greenwich, Connecticut [4].