XPO Inc

XPO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$35.00	Hlqr	Mwgbbwvz

XPO Earnings: Less-Than-Truckload-Industry Demand Pressured, but Firm Grabbing Shipments From Yellow

Matthew Young

Aug 4, 2023

XPO's second-quarter organic top line fell 6% year over year, excluding the November truck brokerage segment (RXO) divestiture. Revenue was mostly in line with our expectations. XPO's flagship less-than-truckload top line was down 8%, driven by lower fuel surcharges and the freight market pullback. European trucking segment revenue declined 3% on softer underlying demand, likely partly offset by new contract wins and lingering pricing strength.

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