XPO reports first-quarter profit and revenue above estimates

12 articles · Updated · MarketWatch · Apr 30

Net income rose to $101 million, or 85 cents a share, from $69 million, as adjusted EPS of $1.01 and revenue of $2.1 billion beat forecasts.
North American less-than-truckload revenue increased 4.9% to $1.23 billion and European transportation revenue climbed 11% to $868 million, while shipments per day rose 3% and tonnage per day was nearly flat.
The Greenwich, Connecticut, company said AI-driven productivity and efficiency gains helped offset weak freight volumes, adding to signs of recovery after a prolonged freight downturn.

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