Less-than-truckload carrier XPO reported another strong financial performance at the bottom of the cycle. Shares of the company’s stock surged 8.8% in early trading Thursday after stepping higher on Wednesday following a better-than-expected report from a competitor.
XPO (NYSE: XPO) recorded 260 basis points of operating ratio (inverse of operating margin) improvement during 2024 while the rest of the industry saw margin deterioration. XPO also guided to 150 bps of year-over-year OR improvement...
https://www.freightwaves.com/news/xpo-shares-up-on-strong-q4-financial-performance