Less-than-truckload carrier XPO’s May update showed it continued to grow tonnage while taking yields meaningfully higher.
Tonnage in May was up 2.4% year over year (y/y), which followed a 3.1% increase in April. May’s tonnage growth was the combination of a 3.8% increase in shipments partially offset by a 1.4% decline in weight per shipment.
XPO (NYSE: XPO) also reported yield (excluding fuel surcharge) in the first two months of the second quarter increased by an undisclosed amount from the...
https://www.freightwaves.com/news/xpo-seeing-higher-volumes-above-market-yield-growth-in-q2