Overview
- XPO posted adjusted earnings of $1.01 per share on $2.1 billion in revenue, beating Wall Street forecasts.
- Its less‑than‑truckload business, which hauls partial loads for multiple customers, grew revenue 5% to $1.23 billion on higher prices and slightly more shipments.
- The LTL unit delivered an adjusted operating ratio of 83.9%, a lower‑is‑better metric that improved by 2 percentage points year over year and even ticked 0.5 points better than the stronger fourth quarter.
- Yield rose 5% as revenue per hundredweight increased, daily shipments climbed about 3%, and average weight per shipment edged lower with a modestly longer average haul.
- In Europe, transportation revenue rose 11% to $868 million and adjusted EBITDA, a profit measure before interest, taxes, and non‑cash charges, increased to $33 million as management outlined a path to faster cash generation and shares moved about 1% higher in early trading.