Xpo Inc Stock Price, News & Analysis

XPO (NYSE: XPO), a top provider of less-than-truckload (LTL) freight transportation in North America, has appointed J. Wes Frye to its board of directors, increasing board membership to nine, with seven being independent directors. Brad Jacobs, executive chairman, praised Frye for his extensive LTL experience and financial expertise gained over 30 years at Old Dominion Freight Line, where he played a key role in achieving around $3 billion in revenue growth. Frye is recognized for creating a customer-centric culture and enhancing financial operations. He holds an MBA in finance and has been named Best CFO in Transportation by Institutional Investor.

XPO (NYSE: XPO) has been recognized as the National LTL Carrier of the Year by MODE Global, a leading 3PL transportation platform, following over a decade of collaboration. The award reflects XPO's superior service quality, technological capabilities, and customer service excellence. Chase Smith from MODE highlighted the fruitful partnership and growth in 2022, while CEO Mario Harik emphasized the significance of employee commitment to customer satisfaction. This acknowledgment is based on specific performance metrics, underscoring XPO's position as a leader in the less-than-truckload transportation sector in North America.

XPO reported fourth quarter 2022 financial results, achieving a revenue of $1.83 billion, up from $1.77 billion in Q4 2021. The company faced a net loss of $36 million compared to a net income of $47 million in the prior year, largely attributed to a $64 million goodwill impairment charge due to the RXO spin-off. However, adjusted net income rose to $113 million, with adjusted EPS at $0.98, up from $0.64 in 2021. North American LTL witnessed 26% growth in operating income and 20% growth in adjusted EBITDA. The CEO expressed confidence in the company’s growth trajectory and employee satisfaction.

XPO (NYSE: XPO) has appointed Ali Faghri as its new chief strategy officer, effective immediately. Faghri will oversee the company's strategy and growth opportunities, reporting directly to CEO Mario Harik. With over 12 years as a Wall Street analyst, specializing in the automotive sector, he brings significant experience from leading firms such as Guggenheim Partners. Harik commended Faghri's understanding of customer verticals, highlighting the potential value he will add to XPO's growth strategy. XPO is a major provider of less-than-truckload transportation in North America, serving approximately 43,000 shippers across 564 locations.

XPO (NYSE: XPO) has renewed its platinum partnership with Truckers Against Trafficking for 2023, coinciding with National Human Trafficking Awareness Day. This partnership enhances XPO's safety culture, providing anti-trafficking training to its drivers. In 2022, around 4,500 employees completed the training, aimed at recognizing signs of human trafficking. With an estimated 50 million trafficking victims globally, XPO's commitment mobilizes thousands of drivers to help combat this issue. The company operates across 564 locations and services about 43,000 shippers in North America.

XPO (NYSE: XPO) will host its fourth quarter conference call on February 9, 2023, at 8:30 a.m. ET, following the release of its results after market close on February 8. Investors can access the call via a toll-free number or through a live webcast at www.xpo.com/investors. A replay will be available until March 9, using the provided toll-free call options. XPO is a leading provider of less-than-truckload (LTL) transportation in North America with extensive technology and a robust network serving over 43,000 shippers.

XPO (NYSE: XPO), a major player in North America's less-than-truckload transportation, recently partnered with Elves & More to surprise 1,400 children with new bicycles in Akron. This event marks the last year of Elves & More's operation in Northeast Ohio and is part of a 16-year relationship that has brought joy to over 20,000 children. XPO's involvement, including volunteer support from employees, has been crucial for the successful delivery of bikes. XPO operates 564 locations and employs 38,000 people across North America.