Reported about 19 hours ago
XPO's February report indicates an 8.1% year-over-year decline in tonnage, following an 8.5% drop in January, with contributing factors being a 6.2% decrease in shipments and a 2% reduction in weight per shipment. Although demand in the less-than-truckload sector remains weak, XPO anticipates margin improvements due to changes in freight mix and favorable pricing conditions. The company aims for a 150 basis points improvement in operating ratio for 2025, despite facing challenges from severe winter weather and competitive pressures.
Source: YAHOO