XPO seeing higher volumes, ‘above-market yield growth’ in Q2

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...


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