XPO(US:XPO)2025-04-30 11:15Q1 2025 Financial Highlights - XPO's operating income reached $151 million, a 9% year-over-year increase[8] - The LTL adjusted operating ratio improved sequentially by 30 bps to 85.9%[8, 9] - LTL purchased transportation expense decreased significantly by 53% year-over-year[8] - Outsourcing of LTL linehaul miles to third-party carriers was reduced by 940 bps year-over-year[8, 42] - LTL yield, excluding fuel, increased by 6.9% year-over-year[8, 38] - LTL revenue per shipment, excluding fuel, rose by 5.2% year-over-year[8] North American LTL Performance - North American LTL revenue totaled $1.17 billion[9] - North American LTL adjusted EBITDA amounted to $250 million[9] Strategic Targets and Industry Position - The company targets a revenue CAGR of 6% to 8% and an adjusted EBITDA CAGR of 11% to 13% for LTL growth from 2021 to 2027[12, 43] - The company aims for an adjusted operating ratio improvement of at least 600 bps for LTL from 2021 to 2027[12] - The North American LTL industry represents a $53 billion market, with the top 10 players holding over 75% market share[17] 2025 Planning Assumptions - The company anticipates total gross capex between $600 million and $700 million for the full year 2025[49]