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XPO ( (XPO) ) has issued an update.
In its fourth-quarter 2024 report, XPO, Inc. posted notable financial gains, including a 24% year-over-year increase in operating income, reaching $148 million, and a 15% rise in adjusted EBITDA to $303 million. The company’s performance highlights its successful implementation of strategies to enhance margin and earnings in its North American LTL segment, with improved operating ratios and reduced transportation expenses. The positive outcomes are attributed to strategic acquisitions, cost-efficiency measures, and an ongoing focus on providing best-in-class service, positioning XPO for continued growth and enhanced profitability.
More about XPO
XPO, Inc. is a major player in the logistics and transportation industry, specifically focusing on North American less-than-truckload (LTL) services. The company is known for providing high-quality service, leveraging its expansive network that covers 99% of US zip codes. XPO serves diverse verticals with a strategic mix of blue-chip and local customers, maintaining strong relationships and investing in long-term network improvements.
YTD Price Performance: 2.88%
Average Trading Volume: 1,495,241
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $15.87B
See more insights into XPO stock on TipRanks’ Stock Analysis page.
