XPO Inc（XPO）资讯与事件XPOXPO Inc

Company Reports Q2 Revenue of $2.36B, Beating Expectations

Reports Q2 revenue $2.36B, consensus $2.27B. CEO Mario Harik said, "We accelerated our performance significantly in the second quarter, delivering 56% year-over-year growth in adjusted diluted EPS and 25% growth in adjusted EBITDA, excluding real estate gains. In North American LTL, we increased adjusted operating income by 36% year-over-year and expanded our adjusted operating ratio by 300 basis points to a record 79.9%, strongly outperforming seasonality. Both yield and revenue per shipment, excluding fuel, improved sequentially and year-over-year, while our profitable market share gains ramped volume growth through the quarter. Underpinning these achievements is our service quality for customers, as we delivered a company-best damage claims ratio below 0.2%. On the cost side, we continued to improve labor productivity above target by implementing new AI capabilities across the network, enhancing efficiency. A consistently superior customer experience remains our foundation for value creation as we continue to grow the business and expand our margins. Our world-class service, combined with the investments we've made in our network, fleet and people are driving outperformance and accelerating free cash flow generation as freight demand strengthens."

XPO Appoints Michael Kneeland to Board of Directors

XPO (XPO) announced that Michael Kneeland has joined the company's board of directors, effectively immediately. The appointment expands XPO's board to eight members, seven of whom are independent. Kneeland is non-executive chairman of United Rentals (URI).

BofA Raises FedEx Freight Price Target to $187

BofA raised the firm's price target on FedEx Freight (FDXF) to $187 from $185 and keeps a Buy rating on the shares after the company posted adjusted operating income above the firm's targets in its first earnings release post-spin. Until clearer financials are disclosed, the firm moves its target multiple below the average of industry leaders XPO (XPO), Old Dominion (ODFL), and Saia (SAIA), but increased its calendar 2027 EPS estimate 2% to $5.41 following the report.