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, 13 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, 14 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
80 days, 23 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
80 days, 23 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, 13 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

10-Q: XPO Inc. Reports Q1 2025 Results: Revenue Declines Slightly, Focus Remains on LTL Growth and Efficiency

Sentiment:
 Quarterly Report (Form 10-Q)
 30 April 2025 4:06 PM

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
  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%. 

Summary
  • XPO Inc. reported a 3.2% decrease in consolidated revenue for Q1 2025, totaling $1.95 billion compared to $2.018 billion in Q1 2024.
  • The North American LTL segment saw a 4.0% revenue decrease to $1.17 billion, while the European Transportation segment decreased 1.9% to $782 million.
  • Net income increased slightly to $69 million, compared to $67 million in the same period last year.
  • The company refinanced its term loan facility, resulting in a debt extinguishment loss of $5 million.
  • XPO's Board of Directors authorized repurchases of up to $750 million of the company's common stock.
  • The company is focused on strategic developments, including the integration of service centers acquired from Yellow Corporation and potential divestiture of its European business.
  • XPO anticipates full year gross capital expenditures to be between $600 million and $700 million in 2025.
Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While revenue declined, net income increased slightly, and the company is actively managing its capital structure and investing in strategic initiatives. However, the revenue decline and debt extinguishment loss temper the positive aspects.

Positives
  • Net income saw a slight increase, rising to $69 million.
  • XPO is actively managing its capital structure, including refinancing debt and authorizing share repurchases.
  • The company is focused on technology investments to improve efficiency and profitability.
  • Yield in the North American LTL segment increased by 6.9%, indicating improved pricing and service quality.
  • XPO maintains compliance with its debt covenants.
Negatives
  • Consolidated revenue decreased by 3.2%, driven by declines in both the North American LTL and European Transportation segments.
  • North American LTL segment experienced a decrease in volume (pounds per day) by 7.5%.
  • The company recorded a $5 million debt extinguishment loss related to refinancing activities.
  • Adjusted EBITDA for the European Transportation segment decreased from $38 million to $32 million.
Risks
  • The company is exposed to market risks related to changes in interest rates, foreign currency exchange rates, and commodity prices.
  • Unfavorable resolution of legal proceedings could have a material adverse effect on financial condition, results of operations, or cash flows.
  • Failure to comply with debt agreement covenants could have a material adverse effect on liquidity and operations.
  • The potential divestiture of the European business may not occur, or the terms and timing may not be favorable.
Future Outlook

XPO anticipates full year gross capital expenditures to be between $600 million and $700 million in 2025, funded by cash on hand, cash generated from operations and available liquidity.

Management Comments
  • We use our proprietary technology to move goods efficiently through our customers supply chains in North America and Europe.
  • Our in-house trailer manufacturing facility and truck driver schools are self-reliant capabilities that are competitively advantageous for us, particularly when industry conditions make it difficult to source equipment or drivers.
  • We believe that we have a large opportunity to drive further growth and profitability in our LTL network through innovation.
  • We see artificial intelligence playing a major role in how we operate, compete, and create value over the long term.
Industry Context

XPO operates in the freight transportation services industry, with a focus on LTL (Less-Than-Truckload) and European Transportation. The company's performance is influenced by factors such as economic conditions, fuel prices, and competitive dynamics. The acquisition of Yellow Corporation's service centers and the potential divestiture of the European business reflect strategic efforts to optimize the company's portfolio and focus on high-growth areas.

Comparison to Industry Standards
  • XPO's North American LTL segment competes with companies like Old Dominion Freight Line (ODFL), Saia (SAIA), and ArcBest (ARCB).
  • The company's LTL Adjusted Operating Ratio Improvement is a key metric, as it reflects operational efficiency compared to industry benchmarks.
  • XPO's Relative Total Shareholder Return (TSR) is compared against the S&P Transportation Select Industry Index, which includes major transportation companies.
  • The company's technology investments are aimed at improving pricing, linehaul, labor planning, and dock operations, similar to initiatives undertaken by other leading logistics providers.
Stakeholder Impact
  • Shareholders may be impacted by the share repurchase program and the company's overall financial performance.
  • Employees may be affected by restructuring actions and the company's strategic initiatives.
  • Customers may benefit from the company's technology investments and improved service quality.
  • Suppliers and creditors may be impacted by the company's financial performance and capital management activities.
Next Steps
  • Continue integrating service centers acquired from Yellow Corporation.
  • Evaluate and potentially execute the divestiture of the European business.
  • Execute the $750 million share repurchase program.
  • Monitor and manage market risks related to interest rates, foreign currency exchange rates, and commodity prices.
  • Continue investing in technology to improve efficiency and profitability.
Legal Proceedings
  • The company is involved in numerous proceedings arising out of the conduct of its business, including claims for property damage, personal injury, environmental liability, commercial disputes, and employment-related claims.
  • The Insurance Contribution Litigation involving Allianz Global Risks US Insurance Company is ongoing, with a trial on allocation of defense and indemnity costs taking place from March to June 2025.
Key Dates
  • December 2023: Completed the acquisition of 28 service centers previously operated by Yellow Corporation.
  • December 31, 2024: Date of the 2024 Form 10-K, which this 10-Q should be read in conjunction with.
  • January 2025: Proceeds from the sale of a service center in December 2024 were used to purchase four new service centers that were previously leased.
  • February 2025: Terminated the Second Amended and Restated Revolving Credit Agreement and entered into a new Revolving Credit Agreement.
  • February 2025: Amended the Senior Secured Term Loan Credit Agreement.
  • March 2025: Board of Directors authorized repurchases of up to $750 million of common stock.
  • March 7, 2025: Agent provided the Lenders of notice of the Technical Amendment to the Revolving Credit Agreement.
  • March 14, 2025: Technical Amendment (Amendment No. 1 to Revolving Credit Agreement) was executed.
  • March 31, 2025: End of the quarterly period for this report.
  • April 25, 2025: As of this date, there were 117,806,539 shares of the registrant's common stock outstanding.
  • April 30, 2025: Maturity date of the Revolving Credit Facility is April 30, 2030.
  • April 30, 2025: Date of the filing of this quarterly report.
  • July 2026: The securitization program expires in July 2026.
  • May 24, 2028: Maturity date of the Refinancing Term Loan B-2 Facility.
  • February 1, 2031: Maturity date of the Refinancing Term Loan B-3 Facility.
Keywords
XPO, LTL, Transportation, Revenue, EBITDA, Logistics, Freight, Share Repurchase, Debt Refinancing, Financial Results
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.