Less-than-truckload carrier XPO beat analysts’ expectations for the second quarter and volumes saw a big move in July as one competitor shut down.
XPO (NYSE: XPO) reported second-quarter adjusted earnings per share of 71 cents, 10 cents better than the consensus estimate but 43 cents lower year over year (y/y). The result excluded transaction costs from the spinoff of a brokerage unit as well as restructuring costs.
Less-than-truckload revenue fell 8% y/y to $1.14 billion as tonnage per day was...
https://www.freightwaves.com/news/xpo-beats-q2-expectations-july-volumes-pop