XPO Inc

XPO: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$84.00XdsqhFbdpkwsc

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.

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