XPO Inc
XPO: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$84.00 | Xdsqh | Fbdpkwsc |
XPO Earnings: LTL Tonnage and Yield Gains Remain Healthy
XPO's second-quarter consolidated top line rose 8.5%, driven by freight diversions from bankrupt peer Yellow (July 2023) and a favorable pricing backdrop. Revenue came in slightly ahead of our expectations as less-than-truckload yield outperformed. XPO's flagship LTL revenue rose a solid 12% (ahead of the first-quarter increase), while European trucking segment revenue grew 3.5% on pricing.