Less-than-truckload carrier XPO reported fourth-quarter adjusted earnings per share of 89 cents Thursday before the market opened. The result was 12 cents higher year over year and 26 cents better than the consensus estimate.
Consolidated revenue of $1.92 billion was down 1% y/y.
XPO’s (NYSE: XPO) LTL segment generated $1.16 billion in revenue, a 2.6% y/y decline. Tonnage declined 5.7% but was partially offset by a 1.7% increase in yield (6.3% higher excluding fuel surcharges). The unit reported...
https://www.freightwaves.com/news/first-look-xpo-q4-earnings