XPO Reports Stronger-Than-Expected Q2 Earnings Driven by Less-than-Truckload Performance
XPO (NYSE: XPO) reported second-quarter adjusted earnings per share of $1.70, surpassing analysts' expectations and rising 65 cents year over year. The company's less-than-truckload segment drove the results with a better freight mix and AI-driven efficiency initiatives leading to record operating performance. Consolidated revenue reached $2.36 billion in Q2, up 13% from last year and exceeding expectations by $85 million. LTL revenue rose 15% y/y to $1.43 billion with tonnage increasing slightly at 1%, while yield improved significantly due to higher shipment volumes and better pricing. XPO's European transportation segment also saw a 10% increase in revenue year over year, though the company still plans to sell this unit as part of its strategy to become a pure-play LTL carrier. Shares rose nearly 3% pre-market following the results.
Tickers: $XPO
Topics: AI efficiency logistics LTL performance revenue growth