NYSE
45 days, 14 hours ago 
XPO
Xpo, INC
8-K: XPO Reports Declining North American LTL Operating Metrics for April and May 2025
XPO, Inc. disclosed preliminary and final operating metrics for its North American Less-Than-Truckload segment for May and April 2025, respectively, showing year-over-year decreases across key volume indicators.
Worse than expected
 
NYSE
64 days, 14 hours ago 
XPO
Xpo, INC
8-K: XPO, Inc. Holds 2025 Annual Meeting, Elects Directors and Ratifies KPMG Appointment
XPO, Inc. successfully held its 2025 annual meeting, where stockholders elected directors, ratified the appointment of KPMG as the independent auditor, and approved executive compensation.
NYSE
67 days, 15 hours ago 
XPO
Xpo, INC
SCHEDULE 13G/A: Capital World Investors Discloses Significant 8.3% Stake in XPO, Inc.
Capital World Investors has filed an amended Schedule 13G, revealing a beneficial ownership of 8.3% of XPO, Inc.'s common stock as of March 31, 2025.
NYSE
80 days, 14 hours ago 
XPO
Xpo, INC
10-Q: XPO Inc. Reports Q1 2025 Results: Revenue Declines Slightly, Focus Remains on LTL Growth and Efficiency
XPO Inc.'s Q1 2025 results show a slight revenue decrease, but the company is focused on strategic initiatives, particularly in North American LTL and European Transportation segments.
Worse than expected
 
NYSE
81 days, 0 hours ago 
XPO
Xpo, INC
8-K: XPO Inc. Reports Q1 2025 Results, Highlights LTL Growth Strategy
XPO Inc. released its Q1 2025 results, showcasing improvements in operating income and progress in its North American LTL business.
NYSE
81 days, 0 hours ago 
XPO
Xpo, INC
8-K: XPO Reports Mixed First Quarter 2025 Results: EPS Up, Revenue and Adjusted EBITDA Down
XPO Inc. announced its Q1 2025 financial results, revealing a slight increase in diluted earnings per share but a decrease in revenue and adjusted EBITDA compared to the same period last year.
Worse than expected
 
NYSE
88 days, 14 hours ago 
XPO
Xpo, INC
Form 4: XPO Inc. Chief Operating Officer David J. Bates Reports Stock Transactions
David J. Bates, Chief Operating Officer of XPO Inc., reports the acquisition and disposal of common stock and restricted stock units on April 21, 2025.
NYSE
108 days, 10 hours ago 
XPO
Xpo, INC
DEFA14A: XPO, Inc. Sets Date for 2025 Annual Shareholder Meeting
XPO, Inc. will hold its annual shareholder meeting on May 15, 2025, to vote on key proposals including the election of directors, ratification of the auditor, and executive compensation.
NYSE
108 days, 10 hours ago 
XPO
Xpo, INC
DEFA14A: XPO, Inc. Sets Date for 2025 Annual Stockholders Meeting
XPO, Inc. announces its 2025 Annual Meeting of Stockholders to be held virtually on May 15, 2025, with key proposals including the election of directors, ratification of KPMG as the independent auditor, and an advisory vote on executive compensation.
NYSE
108 days, 10 hours ago 
XPO
Xpo, INC
DEF 14A: XPO Inc. Announces 2025 Annual Meeting of Stockholders, Outlines Executive Compensation and Governance
XPO Inc. will hold its 2025 Annual Meeting of Stockholders on May 15, 2025, covering director elections, auditor ratification, and executive compensation.
Better than expected
 
XPO 
Xpo, INC 
NYSE

DEF 14A: XPO Inc. Announces 2025 Annual Meeting of Stockholders, Outlines Executive Compensation and Governance

Sentiment:
 Proxy Statement
 2 April 2025 8:12 PM

XPO Inc. will hold its 2025 Annual Meeting of Stockholders on May 15, 2025, covering director elections, auditor ratification, and executive compensation.

Better than expected
  The company's 2024 financial results outpaced expectations, with significant growth in operating income, net income, and adjusted EBITDA.  XPO's LTL segment revenue and profitability improved, with the adjusted operating ratio exceeding the target range.  The company achieved all-time-high employee engagement and a 50% increase in total shareholder return, outperforming the transportation sector and the broader market. 

Summary
  • XPO Inc. is holding its 2025 Annual Meeting of Stockholders on May 15, 2025, as a live webcast.
  • The meeting will address the election of eight directors, ratification of KPMG LLP as the independent auditor, and an advisory vote on executive compensation.
  • Stockholders of record as of March 25, 2025, are eligible to vote.
  • The company's 2024 performance highlights include a 51% increase in operating income to $660 million, a 105% increase in net income to $387 million, and a 27% increase in adjusted EBITDA to $1,266 million.
  • Diluted earnings per share increased by 102% to $3.23.
  • XPO's LTL segment revenue (excluding fuel surcharge) grew by 7.9% to $4.1 billion, with operating income up 36% to $735 million.
  • The adjusted operating ratio improved by 260 basis points to 84.8%, and adjusted EBITDA increased by 29% to $1.1 billion.
  • The company achieved all-time-high employee engagement and a 50% increase in total shareholder return in 2024.
  • Six of the eight directors are independent, and the board has committees for audit, compensation, and governance, all consisting entirely of independent directors.
  • The board is committed to sustainability and has a committee overseeing sustainability strategies and disclosures.
  • The company's approach to sustainability focuses on health and safety, employee engagement, talent management, data security, and environmental compliance.
  • The board oversees information technology and cybersecurity risk management, receiving regular updates from management.
  • The company's executive compensation program emphasizes performance-based compensation, aligning executive pay with company performance and stockholder value creation.
  • The CEO's target total compensation for 2024 was $10.05 million, with approximately 77% at-risk.
  • The executive chairman's target total compensation was $6.5 million.
  • Short-term incentives for NEOs are based on the company's adjusted EBITDA target, with a payout of 146.8% for 2024.
  • Long-term incentives include performance-based restricted stock units (PSUs) based on LTL adjusted EBITDA growth, LTL adjusted operating ratio improvement, and relative TSR vs. the S&P Transportation Select Index.
  • The company has a clawback policy for incentive compensation and stock ownership guidelines for NEOs.
  • The Audit Committee has appointed KPMG LLP as the independent registered public accounting firm for fiscal year 2025.
  • The company's CEO pay ratio is 237:1 compared to the median employee.
Sentiment

Score: 8

Explanation: The document presents a positive outlook for XPO, highlighting strong financial performance, strategic achievements, and commitment to corporate governance and sustainability. The executive compensation program is designed to align with stockholder interests, and the board is actively engaged in overseeing the company's operations and risk management.

Positives
  • XPO achieved robust financial results in 2024, with significant growth in operating income, net income, and adjusted EBITDA.
  • The company made major progress on all four levers of its LTL growth plan, including best-in-class service, network growth, yield growth, and cost efficiencies.
  • XPO delivered above-market LTL growth and profitability, improving its adjusted operating ratio and adjusted EBITDA margin.
  • The company attained all-time-high employee engagement and reduced voluntary turnover in key LTL employee groups.
  • XPO enhanced its brand reputation with external recognitions, including being named one of America's Most Reliable Companies by Newsweek.
  • The company delivered a 50% increase in total shareholder return in 2024, outperforming the transportation sector and the broader market.
  • The board is committed to independent oversight, sustainability, and stockholder engagement.
  • The executive compensation program is designed to align executive pay with company performance and stockholder value creation.
Risks
  • The document mentions risks discussed in XPO's filings with the SEC, including business, economic, political, legal, and regulatory impacts or conflicts upon operations.
  • Supply chain disruptions and shortages, strains on production or extraction of raw materials, cost inflation and labor and equipment shortages are also listed as potential risks.
  • The company's indebtedness and ability to raise debt and equity capital are mentioned as factors that could affect future performance.
  • Potential cyber-attacks and information technology or data security breaches or failures are identified as risks.
  • The document acknowledges that competition and pricing pressures could impact the company's results.
Future Outlook

The company is making significant progress in executing its plan for profitable growth and margin expansion and sees a long runway ahead to continue to deliver outsized stockholder value.

Management Comments
  • Our NEOs are moving XPO forward from a position of strength as one of the largest LTL networks in North America.
  • We are making significant progress in executing our plan for profitable growth and margin expansion, and we see a long runway ahead to continue to deliver outsized stockholder value.
Industry Context

XPO operates in the freight transportation services industry, specifically the Less-Than-Truckload (LTL) market in North America and Europe. The company has approximately 9% share of the $52 billion LTL market, based on 2023 industry revenue.

Comparison to Industry Standards
  • The document mentions Old Dominion Freight Line, Inc. (ODFL) as a leader in the LTL transportation industry, where J. Wes Frye previously served as Senior Vice President and Chief Financial Officer.
  • XPO's performance is compared to the S&P 500 and S&P Transportation Select Index, with XPO outperforming both in terms of total shareholder return (TSR).
  • The document notes that XPO was the top-performing surface transportation stock in the S&P Transportation Select Index in both 2023 and 2024.
  • The compensation peer group includes companies like ArcBest Corporation, Hub Group, Inc., J.B. Hunt Transport Services, Inc., and Ryder System, Inc., among others, to benchmark executive compensation.
Stakeholder Impact
  • The company's performance and governance practices are designed to deliver long-term value to stockholders.
  • The company is committed to attracting and retaining talent, ensuring a safe and engaging workplace for employees.
  • The company aims to be the customer service leader in providing freight transportation services.
  • The company is committed to advancing sustainability and improving its performance on matters that serve the interests of stakeholders, including stockholders, customers, employees, and communities.
Next Steps
  • Stockholders are encouraged to vote on the proposals outlined in the Proxy Statement.
  • The Board of Directors and its committees will consider the voting results when making future decisions regarding executive compensation and other matters.
  • The company will continue to execute its plan for profitable growth and margin expansion.
  • The company will continue to monitor and improve its sustainability efforts.
  • The company will continue to oversee and enhance its information technology and cybersecurity risk management.
Related Party Transactions
  • During 2024, XPO subleased office space to Jacobs Private Equity, LLC (JPE), with JPE paying XPO a total of $131,164. Brad Jacobs, XPO's executive chairman, is the managing member of JPE. This transaction was approved by the Audit Committee.
Key Dates
  • September 1, 2011: Stockholders approved the Investment Agreement at a special meeting.
  • August 2, 2021: Brad Jacobs became non-executive chairman of GXO Logistics, Inc.
  • November 1, 2022: RXO spin-off completed; Brad Jacobs became executive chairman of XPO; Mario Harik became CEO of XPO; Allison Landry became Vice Chair; Johnny C. Taylor, Jr. became Lead Independent Director.
  • March 8, 2023: J. Wes Frye appointed as a director of XPO.
  • April 12, 2023: Operational Excellence Committee formed.
  • June 6, 2024: Brad Jacobs became chairman and CEO of QXO, Inc.; Allison Landry became lead independent director of QXO, Inc.; Mario Harik became a director of QXO, Inc.
  • March 25, 2025: Record date for the 2025 Annual Meeting of Stockholders.
  • April 2, 2025: Distribution of Notice of Internet Availability of Proxy Materials begins.
  • May 5, 2025: Deadline for stockholders holding shares in street name to register in advance to participate and vote at the Annual Meeting.
  • May 15, 2025: 2025 Annual Meeting of Stockholders at 10:00 a.m. Eastern Time.
  • December 3, 2025: Deadline for stockholder proposals for the 2026 Annual Meeting.
Keywords
XPO, Annual Meeting, Executive Compensation, Board of Directors, LTL, Governance, Sustainability, Financial Performance, Stockholders, Directors
XPO 
Xpo, INC 
NYSE
Sector: Industrials
 
Filings with Classifications
Worse than expected
4 June 2025 4:05 PM
Operating Metrics Update
  • All reported key operating metrics for both April and May 2025 showed year-over-year decreases, indicating a decline in freight volume and activity for the North American LTL segment.
Worse than expected
30 April 2025 4:06 PM
Quarterly Report (Form 10-Q)
  • Revenue decreased by 3.2% year-over-year, indicating a weaker performance compared to the previous year.
  • North American LTL revenue declined by 4.0%, with a decrease in volume (pounds per day) by 7.5%.
Worse than expected
30 April 2025 6:45 AM
Earnings Release
  • The company's revenue and adjusted EBITDA decreased compared to the same period last year.
Better than expected
2 April 2025 8:12 PM
Proxy Statement
  • The company's 2024 financial results outpaced expectations, with significant growth in operating income, net income, and adjusted EBITDA.
  • XPO's LTL segment revenue and profitability improved, with the adjusted operating ratio exceeding the target range.
  • The company achieved all-time-high employee engagement and a 50% increase in total shareholder return, outperforming the transportation sector and the broader market.
Worse than expected
4 March 2025 4:05 PM
Press Release
  • The document contains worse than expected results because LTL tonnage per day decreased by 8.1% compared to February 2024.
Better than expected
7 February 2025 6:47 AM
Annual Results
  • The company's operating income increased significantly compared to the previous year.
  • The North American LTL segment saw strong yield growth.
  • The company reduced outsourced linehaul miles, improving cost efficiency.
Better than expected
6 February 2025 6:49 AM
Investor Presentation
  • The company's operating income increased by 24% year-over-year, indicating better than expected performance.
  • The company's adjusted EBITDA increased by 15% year-over-year, indicating better than expected performance.
  • The company's adjusted diluted EPS increased by 16% year-over-year, indicating better than expected performance.
Better than expected
6 February 2025 6:47 AM
Earnings Release
  • XPO's full year adjusted EBITDA increased by 27% compared to the prior year.
  • Adjusted diluted EPS for the full year increased by 31% compared to the prior year.
  • North American LTL business saw adjusted operating income growth of 27% for the full year.
  • The adjusted operating ratio in North American LTL improved by 260 basis points for the full year.
Worse than expected
3 December 2024 4:05 PM
Operating Metrics Update
  • The document reports a decrease in LTL tonnage per day and shipments per day for both November and October, indicating worse performance compared to the previous year.
Better than expected
30 October 2024 4:05 PM
Quarterly Report
  • The company's net income and operating income showed significant year-over-year improvements.
  • The North American LTL segment's Adjusted EBITDA increased significantly.
  • The company's revenue increased in both the North American LTL and European Transportation segments.
Better than expected
30 October 2024 6:47 AM
Investor Presentation
  • The company's Q3 2024 results exceeded expectations with significant year-over-year improvements in revenue, operating income, and adjusted EBITDA.
  • The LTL segment's performance was particularly strong, with a 17% increase in adjusted operating income and a 200 basis point improvement in the adjusted operating ratio.
  • The company's LTL yield and revenue per shipment, excluding fuel, also showed strong growth, indicating effective pricing strategies.
Better than expected
30 October 2024 6:45 AM
Quarterly Report
  • XPO's adjusted EBITDA increased by 20% year-over-year, exceeding expectations.
  • Adjusted diluted EPS grew by 16% year-over-year, surpassing prior period results.
  • The North American LTL segment's adjusted operating income increased by 17%, indicating better than expected performance.
  • The North American LTL segment achieved an adjusted operating ratio of 84.2%, which was 200 basis points better than the prior year.
Worse than expected
4 September 2024 4:05 PM
Operating Metrics Update
  • The document indicates a decrease in key metrics such as LTL tonnage per day and shipments per day, suggesting worse than expected results.
Better than expected
1 August 2024 4:06 PM
Quarterly Report
  • The company's net income and adjusted EBITDA significantly exceeded the previous year's results, indicating better than expected performance.
  • The North American LTL segment's revenue and profitability growth was substantially higher than the previous year, demonstrating better than expected results.
  • The company's strategic initiatives, such as the acquisition of service centers and in-house trailer manufacturing, are contributing to better than expected operational efficiency and cost control.
Better than expected
1 August 2024 6:48 AM
Investor Presentation
  • The company's Q2 2024 results exceeded expectations with significant year-over-year growth in revenue, adjusted EBITDA, and adjusted diluted EPS.
  • The LTL segment's performance was particularly strong, with substantial improvements in operating income and operating ratio.
  • The company's LTL damage claims ratio reached a record low, indicating better than expected operational efficiency.
Better than expected
1 August 2024 6:46 AM
Quarterly Report
  • The company's diluted EPS from continuing operations increased significantly to $1.25, compared to $0.27 in the same period last year.
  • Adjusted EBITDA grew by 40.6% to $343 million, indicating better than expected profitability.
  • The North American LTL segment showed strong growth in revenue and operating income, exceeding expectations.
Better than expected
6 June 2024 4:06 PM
Operating Metrics Update
  • The company reported a 2.4% increase in LTL tonnage per day and a 3.8% increase in shipments per day, indicating better than expected performance in a soft freight market.
Better than expected
3 May 2024 4:06 PM
Quarterly Report
  • The company's net income, operating income, and adjusted EBITDA all showed significant improvements compared to the same period last year.
  • The North American LTL segment's revenue and profitability exceeded expectations, driving the overall positive results.
Better than expected
3 May 2024 6:49 AM
Investor Presentation
  • The company's Q1 2024 results exceeded expectations with significant year-over-year growth in revenue, adjusted EBITDA, and adjusted diluted EPS.
  • The LTL segment's performance was particularly strong, with a 50% increase in adjusted operating income and a 390 basis point improvement in adjusted operating ratio.
  • The company's LTL yield, excluding fuel, increased by 9.8% year-over-year, indicating strong pricing power.
Better than expected
3 May 2024 6:46 AM
Quarterly Report
  • The company's financial results exceeded expectations, with significant improvements in revenue, EBITDA, and earnings per share.
  • The North American LTL segment showed substantial growth and efficiency gains, surpassing previous performance.
  • The company's damage claims ratio was one of the best in the industry, indicating better operational performance.
Better than expected
2 April 2024 4:05 PM
Proxy Statement
  • XPO increased total company operating income by 16% and adjusted EBITDA by 6% year-over-year in 2023.
  • XPO's stock price increased by 163% in 2023.
Worse than expected
8 February 2024 6:46 AM
Annual Results
  • Net income decreased significantly from $666 million in 2022 to $189 million in 2023, primarily due to the absence of gains from discontinued operations and higher operating expenses.
Better than expected
7 February 2024 6:52 AM
Investor Presentation
  • The company's Q4 2023 results exceeded expectations with significant year-over-year improvements in revenue, adjusted EBITDA, and LTL operating income.
  • The LTL adjusted operating ratio improved by 380 basis points year-over-year, indicating better than expected operational efficiency.
  • LTL yield, excluding fuel, increased by 10.3% year-over-year, demonstrating better than expected pricing power.
Better than expected
7 February 2024 6:50 AM
Quarterly Report
  • The company's fourth quarter results were solidly above expectations, with significant improvements in revenue, operating income, and key operating metrics in the North American LTL segment.
  • The company's adjusted EBITDA increased by 28% year-over-year, excluding real estate gains in 2022, indicating better than expected profitability.
  • The North American LTL segment outperformed on every key operating metric, including yield growth, adjusted operating income growth, and adjusted operating ratio improvement.

Disclaimer: This summary was generated by artificial intelligence and its accuracy is not guaranteed. The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.