Reported 2 days ago
XPO, a less-than-truckload carrier, announced a modest 5.7% decline in tonnage year-over-year for May, driven by a decrease in both shipments and weight per shipment. This trend aligns with the company’s previous guidance and is seen as an improvement from the first quarter. XPO expects to maintain margin growth this quarter, building on past trends and recent pricing strategies.
Source: YAHOO