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Baird Financial Group Inc. cut its holdings in XPO, Inc. (NYSE:XPO – Free Report) by 15.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142,900 shares of the transportation company’s stock after selling 26,133 shares during the period. Baird Financial Group Inc. owned 0.12% of XPO worth $29,336,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in XPO. Keating Financial Advisory Services Inc. purchased a new position in XPO during the second quarter worth about $32,000. Transamerica Financial Advisors LLC bought a new position in shares of XPO during the second quarter valued at about $32,000. Elyxium Wealth LLC bought a new position in XPO during the 4th quarter worth approximately $28,000. International Assets Investment Management LLC bought a new position in shares of XPO in the fourth quarter worth approximately $41,000. Finally, Horizon Investments LLC bought a new stake in XPO in the 3rd quarter worth $39,000. Institutional investors own 97.73% of the company’s stock.

XPO Stock Down 1.0%
Shares of XPO opened at $182.49 on Friday. The business has a fifty day moving average of $201.36 and a 200 day moving average of $204.59. The company has a market cap of $21.37 billion, a PE ratio of 53.83, a P/E/G ratio of 1.88 and a beta of 1.85. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. XPO, Inc. has a 52-week low of $121.48 and a 52-week high of $232.05.

XPO (NYSE:XPO – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.22. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.XPO’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 EPS. On average, sell-side analysts expect that XPO, Inc. will post 5.42 EPS for the current year.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Citigroup reduced their price objective on shares of XPO from $221.00 to $220.00 and set a “neutral” rating on the stock in a research report on Tuesday. Evercore raised XPO from an “in-line” rating to an “outperform” rating in a research report on Wednesday, July 1st. UBS Group raised their price objective on shares of XPO from $236.00 to $257.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Oppenheimer boosted their price target on XPO from $236.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, Zacks Research raised shares of XPO from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $225.82.

Read Our Latest Stock Report on XPO

Insider Transactions at XPO
In other XPO news, CAO Christopher Brown sold 3,750 shares of XPO stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total value of $757,275.00. Following the transaction, the chief accounting officer owned 31,005 shares in the company, valued at $6,261,149.70. The trade was a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.87% of the company’s stock.

About XPO
(Free Report)

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses in North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trucks. The company serves manufacturers, retailers, wholesalers and other commercial customers through a network of terminals, drivers and freight-handling facilities.

In addition to LTL shipping, XPO provides truck brokerage and other transportation-management services, helping customers arrange freight capacity and manage the movement of goods.

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GREENWICH, Conn., Sept. 09, 2026 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO) will hold its third quarter conference call and webcast on Thursday, October 29, at 8:30 a.m. Eastern Time. The company's results will be released earlier that morning and made available on www.xpo.com.

Access information:
Call toll-free from US/Canada: 1-877-269-7756
International callers: +1-201-689-7817
Live webcast online at: www.xpo.com/investors

A replay of the conference call will be available until November 28, 2026, by calling toll-free (from US/Canada) 1-877-660-6853; international callers dial +1-201-612-7415. Use the passcode 13762528. Additionally, the call will be archived on www.xpo.com/investors.

About XPO
XPO, Inc. (NYSE: XPO) is a leader in asset-based less-than-truckload (LTL) freight transportation in North America. The company’s customer-focused organization efficiently moves 16 billion pounds of freight per year, enabled by its proprietary technology. XPO serves 55,000 customers with 586 locations and 38,000 employees in North America and Europe, and is headquartered in Greenwich, Conn., USA. Visit xpo.com for more information, and connect with XPO on LinkedIn, Facebook, X, Instagram and YouTube.

Investor Contact
Brian Scasserra
+1-617-607-6429
[email protected]

Media Contact
Cole Horton
+1-203-609-6004
[email protected]

GREENWICH, Conn., Sept. 03, 2026 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO), a leading provider of freight transportation in North America, today reported certain preliminary LTL segment operating metrics for August 2026. LTL tonnage per day increased 3.7%, as compared with August 2025, attributable to a year-over-year increase of 5.7% in shipments per day and a decrease of 1.8% in weight per shipment. Actual results for August 2026 may vary from the preliminary results reported above.

About XPO

XPO, Inc. (NYSE: XPO) is a leader in asset-based less-than-truckload (LTL) freight transportation in North America. The company’s customer-focused organization efficiently moves 16 billion pounds of freight per year, enabled by its proprietary technology. XPO serves 55,000 customers with 586 locations and 38,000 employees in North America and Europe, and is headquartered in Greenwich, Conn., USA. Visit xpo.com for more information, and connect with XPO on LinkedIn, Facebook, X, Instagram and YouTube.

Forward-looking Statements

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target,” “trajectory” or the negative of these terms or other comparable terms. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances.

These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause or contribute to a material difference include the risks discussed in our filings with the SEC, and the following: the effects of business, economic, political, legal, and regulatory impacts or conflicts upon our operations; supply chain disruptions and shortages, strains on production or extraction of raw materials, cost inflation and labor and equipment shortages; our ability to align our investments in capital assets, including equipment, service centers, and warehouses to our customers’ demands; our ability to implement our cost and revenue initiatives and realize growth and expansion as a result of those initiatives; our ability to improve pricing growth; the effectiveness of our action plan, and other management actions, to improve our North American LTL business; our ability to continue insourcing linehaul in ways that enhance our network efficiency and productivity; the anticipated impact of a freight market recovery on our business; our ability to capture profitable share gains, facilitate yield growth, and improve margins during an upcycle; our ability to benefit from a sale, spin-off or other divestiture of one or more business units or to successfully integrate and realize anticipated synergies, cost savings and profit opportunities from acquired companies; goodwill impairment; issues related to compliance with data protection laws, competition laws, and intellectual property laws; fluctuations in currency exchange rates, fuel prices and fuel surcharges; our ability to develop and implement proprietary technology and suitable information technology systems that contribute to cost and productivity improvements; the impact of potential cyber-attacks and information technology or data security breaches or failures; our ability to repurchase shares on favorable terms; our indebtedness; our ability to raise debt and equity capital; fluctuations in interest rates; seasonal fluctuations; our ability to maintain positive relationships with our network of third-party transportation providers; our ability to attract and retain management talent and key employees including qualified drivers; labor matters; litigation; and competition. We caution that our operating results for August 2026 are not necessarily indicative of the results that may be expected for future periods.

All forward-looking statements set forth in this release are qualified by these cautionary statements and there can be no assurance that the actual results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences to or effects on us or our business or operations. Forward-looking statements set forth in this release speak only as of the date hereof, and we do not undertake any obligation to update forward-looking statements except to the extent required by law.

Investor Contact
Brian Scasserra
+1-617-607-6429
[email protected]  

Media Contact
Cole Horton
+1-203-609-6004
[email protected]

Assenagon Asset Management S.A. purchased a new position in XPO, Inc. (NYSE: XPO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,395 shares of the transportation company's stock, valued at approximately $1,518,000. A number of other institutional investors have also bought

FedEx Unboxes Billions in Post-Spinoff ValueXPO NYSE: XPO reported record second-quarter results, led by growth in its North American less-than-truckload business, higher pricing and productivity gains from technology initiatives. The company said it expects further margin improvement, faster free-cash-flow growth and continued volume momentum in the second half of 2026.

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Total revenue rose 13% year over year to $2.4 billion, while LTL revenue increased 15% to $1.4 billion. Adjusted EBITDA totaled $434 million; excluding $9 million of real estate gains, adjusted EBITDA increased 25% from a year earlier to $425 million. Operating income rose 37% to $271 million, and net income was $162 million, or $1.36 per diluted share. CFO Kyle Wismans said adjusted diluted earnings per share were $1.70, and excluding real estate gains, adjusted EPS increased 56% year over year.

LTL margins reach record level 3 Trucking Stocks Getting Big Analyst Upgrades NowThe company’s LTL segment generated adjusted operating income of $287 million, up 36% year over year, and adjusted EBITDA of $390 million. The segment’s adjusted EBITDA margin improved 310 basis points to 27.3%.

Most notably, XPO’s adjusted operating ratio in LTL improved 300 basis points from the prior-year quarter to a record 79.9%. Chairman and CEO Mario Harik said the company has improved its operating ratio by nearly 800 basis points over the last three years, despite what he characterized as a historic freight recession.

3 Mid-Cap to Mega-Cap Stocks Have Announced Significant Buybacks“We’re building our network for years of above-market pricing growth and profitable market share gains,” Harik said.

For the third quarter, Harik said XPO expects its LTL operating ratio to remain below 81%, despite normal seasonality that would typically cause the ratio to rise 200 to 250 basis points sequentially from the second quarter. He said the outlook reflects pricing, accelerating volumes and cost efficiency.

The company now expects full-year operating-ratio improvement of at least 200 basis points, compared with its prior outlook for improvement of 100 to 150 basis points.

Volumes and pricing strengthen LTL shipments per day increased 2.8% in the second quarter, while weight per shipment declined 1.8%, producing tonnage-per-day growth of 1%. Volume trends improved during the quarter: shipments per day increased 0.2% in April, 3.3% in May and 5.1% in June. Tonnage per day moved from a 1.5% decline in April to increases of 0.5% in May and 4% in June.

Chief Strategy Officer Ali Faghri said July trends continued to improve, with estimated year-over-year growth above 6% in both shipments per day and tonnage per day, while weight per shipment was roughly flat. XPO expects third-quarter tonnage to increase in the mid-single-digit range year over year, assuming above-seasonal trends continue.

Yield excluding fuel rose 4.4% year over year in the second quarter, supported by faster contract-renewal pricing. Wismans said renewal pricing reached the mid- to high-single-digit range. The company expects both yield and revenue per shipment, excluding fuel, to improve sequentially in the third and fourth quarters.

Harik said XPO sees a long-term opportunity to outperform market pricing by roughly two to three percentage points annually through improved service, premium offerings and growth with small and midsized customers. He said the company expects to add about one point of incremental pricing from service improvements, one point from premium services and roughly half a point from the customer mix over time.

Technology and capacity investments support efficiency XPO attributed part of its margin expansion to proprietary technology and network investments. The company said workforce-planning technology improved productivity by nearly 2.5 points year over year in the second quarter, exceeding its 1.5-point quarterly target.

More than two-thirds of XPO’s operations are using route-optimization technology for pickup and delivery, which the company said has reduced miles and increased stops per hour. A trailer-loading technology pilot that uses artificial intelligence to evaluate freight-loading images improved load quality by more than 40% and reduced damages by 50% at pilot sites, according to Harik.

The company plans to deploy the trailer-loading technology throughout its network during the second half of the year. XPO also reported that its damage claims ratio was below 0.2% for the second consecutive quarter, its best level to date.

Harik said the company has expanded its trailer fleet by more than 30%, tractor count by more than 20% and network door capacity by 15% since 2021. XPO believes its existing workforce and additional labor hours can support another low- to mid-single-digit increase in shipments, while it has already increased hiring in selected markets.

Cash flow outlook and European business XPO generated $207 million of free cash flow in the second quarter and ended the period with $298 million in cash and approximately $898 million in total liquidity. The company spent $101 million on net capital expenditures, repurchased $70 million of common stock and repaid $70 million of term-loan debt during the quarter.

In July, XPO repaid another $100 million of its term loan, bringing year-to-date debt reduction to $200 million. Net leverage improved to 2.1 times trailing-12-month adjusted EBITDA from 2.3 times at the end of the first quarter.

Wismans said XPO now expects to more than double full-year free cash flow from 2025 levels, aided by earnings growth and moderating capital expenditures. Over the cycle, he said the company believes it can generate incremental margins of at least 40%.

In Europe, XPO reported record revenue and its 10th consecutive quarter of constant-currency growth. Adjusted EBITDA increased 9% year over year to $48 million. Harik said the company expects European EBITDA growth to reach the high teens in the second half, helped by cost actions, sales investments and expansion into verticals including luxury goods, aerospace, healthcare and technology.

Harik reiterated that XPO ultimately intends to sell its European business when it can obtain what it considers the right price, with proceeds intended to support additional capital returns to shareholders.

About XPO (NYSE:XPO)XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company's operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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First Trust Advisors LP boosted its stake in XPO, Inc. (NYSE:XPO – Free Report) by 60.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,785 shares of the transportation company’s stock after purchasing an additional 29,326 shares during the quarter. First Trust Advisors LP owned about 0.07% of XPO worth $15,133,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Invesco Ltd. boosted its holdings in shares of XPO by 19.8% in the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after purchasing an additional 1,036,434 shares during the last quarter. Durable Capital Partners LP raised its position in shares of XPO by 20.5% in the 3rd quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock worth $559,905,000 after buying an additional 736,224 shares during the period. Orbis Allan Gray Ltd raised its position in shares of XPO by 15.8% in the 4th quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock worth $496,423,000 after buying an additional 499,220 shares during the period. Clearbridge Investments LLC boosted its holdings in XPO by 9.7% in the fourth quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company’s stock valued at $403,684,000 after acquiring an additional 261,935 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in XPO by 115.9% during the first quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock valued at $470,986,000 after acquiring an additional 1,299,480 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

Wall Street Analyst Weigh In A number of equities analysts have recently commented on XPO shares. Citigroup initiated coverage on XPO in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Weiss Ratings cut XPO from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Stifel Nicolaus increased their target price on shares of XPO from $237.00 to $241.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. The Goldman Sachs Group restated a “buy” rating and issued a $247.00 price target on shares of XPO in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their price target on shares of XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, June 8th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $221.05.

Read Our Latest Analysis on XPO

Insider Buying and Selling In related news, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the sale, the director directly owned 4,849 shares of the company’s stock, valued at $1,045,492.89. The trade was a 33.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.87% of the company’s stock.

Key XPO News Here are the key news stories impacting XPO this week:

Positive Sentiment: Quarterly results exceeded expectations. XPO reported adjusted diluted EPS of $1.70, up from $1.05 a year ago and above the approximately $1.48–$1.49 analyst consensus. Revenue rose 13.2% year over year to roughly $2.35 billion, surpassing the $2.28 billion estimate. XPO Reports Second Quarter 2026 Results Positive Sentiment: LTL performance and margin improvement were key positives. Management expects the LTL operating ratio to remain below 81% in the third quarter and is targeting at least 200 basis points of full-year margin improvement. Better productivity, pricing and operating execution could support earnings growth. XPO LTL Margin Outlook Positive Sentiment: Demand trends improved. Greater shipping demand from manufacturers and commentary suggesting renewed U.S. industrial activity strengthen the case for higher freight volumes and continued momentum in XPO’s core LTL network. XPO Sees Greater Demand from Manufacturers Neutral Sentiment: Valuation and execution remain considerations. With a reported P/E ratio of about 68, expectations are elevated. XPO must deliver the projected margin gains and sustain industrial demand; any slowdown or failure to meet the operating-ratio target could limit further upside. XPO Stock Up 0.2% Shares of XPO stock opened at $199.73 on Friday. XPO, Inc. has a 1-year low of $116.68 and a 1-year high of $232.05. The business has a 50-day moving average of $210.23 and a 200-day moving average of $199.29. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $23.45 billion, a PE ratio of 68.40, a P/E/G ratio of 2.29 and a beta of 1.85.

XPO (NYSE:XPO – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.22. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 earnings per share. As a group, equities analysts forecast that XPO, Inc. will post 4.91 EPS for the current fiscal year.

XPO Company Profile (Free Report)

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.

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For the quarter ended June 2026, XPO (XPO - Free Report) reported revenue of $2.36 billion, up 13.2% over the same period last year. EPS came in at $1.70, compared to $1.05 in the year-ago quarter.

The reported revenue represents a surprise of +3.23% over the Zacks Consensus Estimate of $2.28 billion. With the consensus EPS estimate being $1.49, the EPS surprise was +14.09%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how XPO performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Adjusted operating ratio: 79.9% versus 80.2% estimated by three analysts on average.Number of working days: 64 versus 64 estimated by three analysts on average.Shipments per day: 52,229 compared to the 51,843 average estimate based on three analysts.Gross revenue per hundredweight (excluding fuel surcharges): $26.09 versus the three-analyst average estimate of $26.08.Gross revenue per hundredweight (including fuel surcharges): $33.32 compared to the $32.43 average estimate based on three analysts.Average weight per shipment: 1,311.00 lbs compared to the 1,311.42 lbs average estimate based on three analysts.Net revenue per shipment: $429.98 versus $424.75 estimated by two analysts on average.Pounds per day: 68.46 Mlbs versus 67.96 Mlbs estimated by two analysts on average.Revenue- European Transportation Segment: $927 million versus $881.05 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +10.2% change.Revenue- North American Less-Than-Truckload Segment: $1.43 billion versus the four-analyst average estimate of $1.39 billion. The reported number represents a year-over-year change of +15.2%.Adjusted EBITDA- Corporate: $-4 million versus the five-analyst average estimate of $-3.8 million.Adjusted EBITDA- European Transportation Segment: $48 million compared to the $42.26 million average estimate based on five analysts.View all Key Company Metrics for XPO here>>>

Shares of XPO have returned -3.7% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

GREENWICH, Conn., July 30, 2026 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO) today announced its financial results for the second quarter 2026. The company reported diluted earnings per share of $1.36, compared with $0.89 for the same period in 2025, and adjusted diluted earnings per share of $1.70, compared with $1.05 for the same period in 2025.

Second Quarter 2026 Summary Results                   Three Months Ended June 30,  Revenue Operating Income (Loss) (1)(in millions)  2026  2025 Change %  2026  2025 Change %North American Less-Than-Truckload Segment $1,428 $1,240 15.2% $285 $199 43.2%European Transportation Segment  927  841 10.2%  (6)  11 NMCorporate  -  - 0.0%  (9)  (11) -18.2%Total $2,355 $2,080 13.2% $271 $198 36.9%                   Adjusted Operating Income (2) Adjusted EBITDA (1)(2)(in millions)  2026  2025 Change %  2026  2025 Change %North American Less-Than-Truckload Segment $287 $211 36.0% $390 $300 30.0%European Transportation Segment  21  15 40.0%  48  44 9.1%Corporate  NA  NA NA  (4)  (4) 0.0%Total $NA $NA NA $434 $340 27.6%                   Net Income (1) Diluted EPS (1)(in millions, except for per-share data)  2026  2025 Change %  2026  2025 Change %Total $162 $106 52.8% $1.36 $0.89 52.8%                   Diluted Weighted-Average Common Shares Outstanding               Adjusted Diluted EPS (1)(2)(in millions, except for per-share data)  2026  2025    2026  2025 Change %Total  118  119   $1.70 $1.05 61.9%                 Amounts may not add due to rounding.NM - Not meaningfulNA - Not applicable(1) Includes gains from sales of real estate of $7 million ($9 million pre-tax) or $0.06 per diluted share in the second quarter of 2026. There were no gains from sales of real estate in the second quarter of 2025.(2) See the “Non-GAAP Financial Measures” section of the press release.                  Mario Harik, chairman and chief executive officer of XPO, said, “We accelerated our performance significantly in the second quarter, delivering 56% year-over-year growth in adjusted diluted EPS and 25% growth in adjusted EBITDA, excluding real estate gains.

“In North American LTL, we increased adjusted operating income by 36% year-over-year and expanded our adjusted operating ratio by 300 basis points to a record 79.9%, strongly outperforming seasonality. Both yield and revenue per shipment, excluding fuel, improved sequentially and year-over-year, while our profitable market share gains ramped volume growth through the quarter. Underpinning these achievements is our service quality for customers, as we delivered a company-best damage claims ratio below 0.2%. On the cost side, we continued to improve labor productivity above target by implementing new AI capabilities across the network, enhancing efficiency.”

Harik continued, “A consistently superior customer experience remains our foundation for value creation as we continue to grow the business and expand our margins. Our world-class service, combined with the investments we've made in our network, fleet and people are driving outperformance and accelerating free cash flow generation as freight demand strengthens.”

Second Quarter Highlights

For the second quarter 2026, the company generated revenue of $2.36 billion, compared with $2.08 billion for the same period in 2025.

Operating income was $271 million for the second quarter, compared with $198 million for the same period in 2025. Net income was $162 million for the second quarter, compared with $106 million for the same period in 2025. Diluted earnings per share was $1.36 for the second quarter, compared with $0.89 for the same period in 2025.

Adjusted net income, a non-GAAP financial measure, was $201 million for the second quarter, compared with $125 million for the same period in 2025. Adjusted diluted EPS, a non-GAAP financial measure, was $1.70 for the second quarter, compared with $1.05 for the same period in 2025.

Adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”), a non-GAAP financial measure, was $434 million for the second quarter, compared with $340 million for the same period in 2025.

The company generated $308 million of cash flow from operating activities in the second quarter and ended the quarter with $298 million of cash and cash equivalents on hand, after completing $101 million of net capital expenditures, $70 million of common stock repurchases and $70 million of term loan repayments.

Results by Business Segment

North American Less-Than-Truckload (LTL): The segment grew revenue to $1.43 billion for the second quarter 2026, compared with $1.24 billion for the same period in 2025. On a year-over-year basis, yield, excluding fuel, increased 4.4%, shipments per day increased 2.8%, and tonnage per day increased 1.0%.Operating income increased to $285 million for the second quarter, compared with $199 million for the same period in 2025. Adjusted operating income, a non-GAAP financial measure, increased to $287 million for the second quarter, compared with $211 million for the same period in 2025. Adjusted operating ratio, a non-GAAP financial measure, was 79.9%, reflecting a year-over-year improvement of 300 basis points.

Adjusted EBITDA for the second quarter was $390 million, compared with $300 million for the same period in 2025. The increase in adjusted EBITDA reflects yield growth, higher tonnage per day, productivity improvements and higher fuel surcharge revenue, partially offset by higher fuel costs and wage inflation.

European Transportation: The segment grew revenue to $927 million for the second quarter 2026, compared with $841 million for the same period in 2025. Operating income was a loss of $6 million for the second quarter, compared with income of $11 million for the same period in 2025, due primarily to restructuring.Adjusted EBITDA was $48 million for the second quarter, compared with $44 million for the same period in 2025.

Corporate: The segment generated an operating loss of $9 million for the second quarter 2026, compared with a loss of $11 million for the same period in 2025.Adjusted EBITDA was a loss of $4 million for the second quarter, consistent with the same period in 2025.

Conference Call

The company will hold a conference call on Thursday, July 30, 2026, at 8:30 a.m. Eastern Time. Participants can call toll-free (from US/Canada) 1-877-269-7756; international callers dial +1-201-689-7817. A live webcast of the conference will be available on the investor relations area of the company’s website, xpo.com/investors. The conference will be archived until August 29, 2026. To access the replay by phone, call toll-free (from US/Canada) 1-877-660-6853; international callers dial +1-201-612-7415. Use participant passcode 13761453.

About XPO

XPO, Inc. (NYSE: XPO) is a leader in asset-based less-than-truckload (LTL) freight transportation in North America. The company’s customer-focused organization efficiently moves 16 billion pounds of freight per year, enabled by its proprietary technology. XPO serves 55,000 customers with 586 locations and 38,000 employees in North America and Europe, and is headquartered in Greenwich, Conn., USA. Visit xpo.com for more information, and connect with XPO on LinkedIn, Facebook, X, Instagram and YouTube.

Non-GAAP Financial Measures

As required by the rules of the Securities and Exchange Commission (“SEC”), we provide reconciliations of the non-GAAP financial measures contained in this press release to the most directly comparable measures under GAAP, which are set forth in the financial tables attached to this press release.

XPO’s non-GAAP financial measures in this press release include: adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”) on a consolidated basis and for corporate; adjusted EBITDA margin on a consolidated basis; adjusted EBITDA, excluding gains on real estate transactions on a consolidated basis and for our North American Less-Than-Truckload segment; adjusted net income; adjusted diluted earnings per share (“adjusted diluted EPS”); adjusted diluted EPS, excluding gains on real estate transactions; adjusted operating income for our North American Less-Than-Truckload and European Transportation segments; and adjusted operating ratio for our North American Less-Than-Truckload segment.

We believe that the above adjusted financial measures facilitate analysis of our ongoing business operations because they exclude items that may not be reflective of, or are unrelated to, XPO and its business segments’ core operating performance, and may assist investors with comparisons to prior periods and assessing trends in our underlying businesses. Other companies may calculate these non-GAAP financial measures differently, and therefore our measures may not be comparable to similarly titled measures of other companies. These non-GAAP financial measures should only be used as supplemental measures of our operating performance.

Adjusted EBITDA, adjusted EBITDA margin, adjusted EBITDA, excluding gains on real estate transactions, adjusted net income, adjusted diluted EPS, adjusted diluted EPS, excluding gains on real estate transactions, adjusted operating income and adjusted operating ratio include adjustments for transaction and integration costs, as well as restructuring costs and other adjustments as set forth in the attached tables. Transaction and integration adjustments are generally incremental costs that result from an actual or planned acquisition, divestiture or spin-off and may include transaction costs, consulting fees, stock-based compensation, retention awards, internal salaries and wages (to the extent the individuals are assigned full-time to integration and transformation activities) and certain costs related to integrating and converging IT systems. Restructuring costs primarily relate to severance costs associated with business optimization initiatives. Management uses these non-GAAP financial measures in making financial, operating and planning decisions and evaluating XPO’s and each business segment’s ongoing performance.

We believe that adjusted EBITDA, adjusted EBITDA margin and adjusted EBITDA, excluding gains on real estate transactions improve comparability from period to period by removing the impact of our capital structure (interest and financing expenses), asset base (depreciation and amortization), tax impacts and other adjustments as set out in the attached tables that management has determined are not reflective of core operating activities and thereby assist investors with assessing trends in our underlying businesses. We believe that adjusted net income, adjusted diluted EPS and adjusted diluted EPS, excluding gains on real estate transactions improve the comparability of our operating results from period to period by removing the impact of certain costs and gains that management has determined are not reflective of our core operating activities, including amortization of acquisition-related intangible assets, transaction and integration costs, restructuring costs and other adjustments as set out in the attached tables. We believe that adjusted operating income and adjusted operating ratio improve the comparability of our operating results from period to period by removing the impact of certain transaction and integration costs and restructuring costs, as well as amortization expense and other adjustments as set out in the attached tables.

Forward-looking Statements

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target,” “trajectory” or the negative of these terms or other comparable terms. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances.

These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause or contribute to a material difference include the risks discussed in our filings with the SEC, and the following: the effects of business, economic, political, legal, and regulatory impacts or conflicts upon our operations; supply chain disruptions and shortages, strains on production or extraction of raw materials, cost inflation and labor and equipment shortages; our ability to align our investments in capital assets, including equipment, service centers, and warehouses to our customers’ demands; our ability to implement our cost and revenue initiatives and realize growth and expansion as a result of those initiatives; our ability to improve pricing growth; the effectiveness of our action plan, and other management actions, to improve our North American LTL business; our ability to continue insourcing linehaul in ways that enhance our network efficiency and productivity; the anticipated impact of a freight market recovery on our business; our ability to capture profitable share gains, facilitate yield growth, improve free cash flow, and improve margins during an upcycle; our ability to benefit from a sale, spin-off or other divestiture of one or more business units or to successfully integrate and realize anticipated synergies, cost savings and profit opportunities from acquired companies; goodwill impairment; issues related to compliance with data protection laws, competition laws, and intellectual property laws; fluctuations in currency exchange rates, fuel prices and fuel surcharges; our ability to develop and implement proprietary technology and suitable information technology systems that contribute to financial, operational, competitive and productivity improvements; the impact of potential cyber-attacks and information technology or data security breaches or failures; our ability to repurchase shares on favorable terms; our indebtedness; our ability to raise debt and equity capital; fluctuations in interest rates; seasonal fluctuations; our ability to maintain positive relationships with our network of third-party transportation providers; our ability to attract and retain management talent and key employees including qualified drivers; labor matters; litigation; and competition.

All forward-looking statements set forth in this release are qualified by these cautionary statements and there can be no assurance that the actual results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences to or effects on us or our business or operations. Forward-looking statements set forth in this release speak only as of the date hereof, and we do not undertake any obligation to update forward-looking statements except to the extent required by law.

Investor Contact
Brian Scasserra
+1 617-607-6429
[email protected]

Media Contact
Cole Horton
+1 203-609-6004
[email protected]

XPO, Inc.Condensed Consolidated Statements of Income(Unaudited)(In millions, except per share data)                 Three Months Ended Six Months Ended June 30, June 30,  2026   2025  Change %  2026   2025  Change %                Revenue$2,355  $2,080  13.2% $4,451  $4,034  10.3%Salaries, wages and employee benefits 929   871  6.7%  1,809   1,703  6.2%Purchased transportation 464   426  8.9%  887   826  7.4%Fuel, operating expenses and supplies 476   384  24.0%  899   777  15.7%Operating taxes and licenses 22   21  4.8%  43   40  7.5%Insurance and claims 40   40  0.0%  75   75  0.0%Gains on sales of property and equipment (7)  (1) 600.0%  (8)  (3) 166.7%Depreciation and amortization expense 134   131  2.3%  265   254  4.3%Pre-Con-way acquisition environmental matter 1   -  NM  1   -  NMLegal matters (1) -   (2) -100.0%  -   (13) -100.0%Transaction and integration costs 2   3  -33.3%  4   6  -33.3%Restructuring costs 22   8  175.0%  31   20  55.0%Operating income 271   198  36.9%  445   349  27.5%Other income (4)  (2) 100.0%  (7)  (3) 133.3%Debt extinguishment loss 5   -  NM  5   5  0.0%Interest expense 51   56  -8.9%  104   112  -7.1%Income before income tax provision 218   143  52.4%  342   234  46.2%Income tax provision 56   37  51.4%  79   59  33.9%Net income$162  $106  52.8% $263  $175  50.3%                Earnings per share data (2)               Basic earnings per share$1.38  $0.90    $2.24  $1.49   Diluted earnings per share$1.36  $0.89    $2.22  $1.47                   Weighted-average common shares outstanding               Basic weighted-average common shares outstanding 117   118     117   118   Diluted weighted-average common shares outstanding 118   119     119   119                   Amounts may not add due to rounding.NM - Not meaningful.(1) Reflects the settlement of claims against certain truck manufacturers related to purchases by our European Transportation segment covering periods prior to 2015.(2) The sum of quarterly earnings per share may not equal year-to-date amounts due to differences in the weighted-average number of shares outstanding during the respective periods.                 XPO, Inc.Condensed Consolidated Balance Sheets(Unaudited)(In millions, except per share data)       June 30, December 31, 2026 2025ASSETS     Current assets     Cash and cash equivalents$298  $310 Accounts receivable, net of allowances of $40 and $40, respectively 1,267   1,035 Other current assets 249   285 Total current assets 1,814   1,630 Long-term assets     Property and equipment, net of $2,427 and $2,360 in accumulated depreciation, respectively 3,658   3,664 Operating lease assets 782   777 Goodwill 1,528   1,547 Identifiable intangible assets, net of $604 and $580 in accumulated amortization, respectively 280   311 Other long-term assets 270   265 Total long-term assets 6,518   6,564 Total assets$8,333  $8,194             LIABILITIES AND STOCKHOLDERS’ EQUITY     Current liabilities     Accounts payable$486  $455 Accrued expenses 823   760 Short-term borrowings and current maturities of long-term debt 159   60 Short-term operating lease liabilities 170   166 Other current liabilities 155   113 Total current liabilities 1,794   1,555 Long-term liabilities     Long-term debt 3,047   3,253 Deferred tax liability 508   482 Employee benefit obligations 83   86 Long-term operating lease liabilities 612   611 Other long-term liabilities 328   345 Total long-term liabilities 4,577   4,778       Stockholders’ equity     Common stock, $0.001 par value; 300 shares authorized; 117 shares issued and outstanding as of     June 30, 2026 and December 31, 2025, respectively -   - Additional paid-in capital 1,005   1,160 Retained earnings 1,151   888 Accumulated other comprehensive loss (194)  (187)Total equity 1,962   1,861 Total liabilities and equity$8,333  $8,194       Amounts may not add due to rounding.       XPO, Inc.Condensed Consolidated Statements of Cash Flows(Unaudited)(In millions)         Six Months Ended  June 30,   2026   2025 Cash flows from operating activities     Net income$263  $175 Adjustments to reconcile net income to net cash from operating activities      Depreciation and amortization 265   254  Stock compensation expense 30   31  Accretion of debt 5   5  Deferred tax expense 21   6  Gains on sales of property and equipment (8)  (3) Other 18   14 Changes in assets and liabilities      Accounts receivable (262)  (124) Other assets 50   26  Accounts payable 29   (22) Accrued expenses and other liabilities 79   26 Net cash provided by operating activities 491   389 Cash flows from investing activities      Payment for purchases of property and equipment (238)  (395) Proceeds from sale of property and equipment 33   12  Payment for settlement of cross-currency swaps (3)  - Net cash used in investing activities (208)  (382)Cash flows from financing activities      Proceeds from issuance of debt 885   -  Repayment of debt (985)  -  Repayment of finance leases and other debt (39)  (36) Payment for debt issuance costs (1)  (3) Repurchase of common stock (100)  (10) Change in bank overdrafts 26   22  Payment for tax withholdings for restricted shares (88)  (48) Other 3   2 Net cash used in financing activities (300)  (74)Effect of exchange rates on cash, cash equivalents and restricted cash 1   2 Net decrease in cash, cash equivalents and restricted cash (16)  (65)Cash, cash equivalents and restricted cash, beginning of period 330   298 Cash, cash equivalents and restricted cash, end of period$314  $233        Amounts may not add due to rounding.        North American Less-Than-Truckload SegmentSummary Financial Table(Unaudited)(In millions)                 Three Months Ended June 30, Six Months Ended June 30, 2026  2025  Change % 2026  2025  Change %                Revenue (excluding fuel surcharge revenue)$1,114   1,057  5.4% $2,142  $2,051  4.4%Fuel surcharge revenue 314   183  71.6%  515   361  42.7%Revenue 1,428   1,240  15.2%  2,657   2,412  10.2%Salaries, wages and employee benefits 689   643  7.2%  1,331   1,259  5.7%Purchased transportation 40   32  25.0%  70   69  1.4%Fuel, operating expenses and supplies (1) 275   222  23.9%  511   454  12.6%Operating taxes and licenses 17   17  0.0%  33   33  0.0%Insurance and claims 25   25  0.0%  43   49  -12.2%(Gains) losses on sales of property and equipment (4)  2  NM  (3)  2  NMDepreciation and amortization 100   96  4.2%  197   185  6.5%Restructuring costs 1   4  -75.0%  1   4  -75.0%Operating income 285   199  43.2%  474   357  32.8%Operating ratio (2) 80.0%  84.0%    82.2%  85.2%  Amortization expense 9   9     18   18   Restructuring costs 1   4     1   4   Gains on real estate transactions (9)  -     (9)  (2)  Adjusted operating income (3)$287   211  36.0% $485  $377  28.6%Adjusted operating ratio (3) (4) 79.9%  82.9%    81.8%  84.4%  Depreciation expense 91   87     179   167   Pension income 4   2     7   3   Gains on real estate transactions 9   -     9   2   Adjusted EBITDA (5)$390   300  30.0% $680  $550  23.6%Adjusted EBITDA margin (5) 27.3%  24.2%    25.6%  22.8%  Gains on real estate transactions 9   -     9   2   Adjusted EBITDA, excluding gains on real estate transactions (3)$381   300  27.0% $671  $547  22.7%                Amounts may not add due to rounding.NM - Not meaningful.(1) Fuel, operating expenses and supplies includes fuel-related taxes.(2) Operating ratio is calculated as (1 - (Operating income divided by Revenue)) using the underlying unrounded amounts.(3) See the “Non-GAAP Financial Measures” section of the press release.(4) Adjusted operating ratio is calculated as (1 - (Adjusted operating income divided by Revenue)) using the underlying unrounded amounts; adjusted operating margin is the inverse of adjusted operating ratio.(5) Adjusted EBITDA is used by our chief operating decision maker to evaluate segment profit (loss) in accordance with ASC 280. Adjusted EBITDA margin is calculated as Adjusted EBITDA divided by Revenue using the underlying unrounded amounts.                 North American Less-Than-TruckloadSummary Data Table(Unaudited)                 Three Months Ended June 30, Six Months Ended June 30, 2026 2025 Change % 2026 2025 Change %                Pounds per day (thousands) 68,463  67,813 1.0%  66,998  66,625 0.6%                Shipments per day 52,229  50,782 2.8%  51,041  49,596 2.9%                Average weight per shipment (in pounds) 1,311  1,335 -1.8%  1,313  1,343 -2.3%                Revenue per shipment (including fuel surcharges)$429.98  384.13 11.9% $412.63 $384.20 7.4%                Revenue per shipment (excluding fuel surcharges)$335.27  327.53 2.4% $332.60 $326.66 1.8%                Gross revenue per hundredweight (including fuel surcharges) (1)$33.32  29.23 14.0% $32.00 $29.15 9.8%                Gross revenue per hundredweight (excluding fuel surcharges) (1)$26.09  24.99 4.4% $25.91 $24.86 4.2%                Average length of haul (in miles) 853.6  845.5    853.1  845.5                  Total average load factor (2) 22,287  22,765 -2.1%  22,290  22,602 -1.4%                Average age of tractor fleet (years) 4.0  3.7                          Number of working days 63.5  63.5    126.0  126.5                                  (1) Gross revenue per hundredweight excludes the adjustment required for financial statement purposes in accordance with the company's revenue recognition policy.(2) Total average load factor equals freight pound miles divided by total linehaul miles.Note: Table excludes the company's trailer manufacturing operations. Percentages presented are calculated using the underlying unrounded amounts.                 European Transportation SegmentSummary Financial Table(Unaudited)(In millions)                 Three Months Ended June 30, Six Months Ended June 30, 2026  2025  Change % 2026  2025  Change %                Revenue$927   841  10.2% $1,794  $1,622  10.6%Salaries, wages and employee benefits 235   224  4.9%  470   436  7.8%Purchased transportation 424   394  7.6%  817   757  7.9%Fuel, operating expenses and supplies (1) 201   163  23.3%  388   324  19.8%Operating taxes and licenses 5   4  25.0%  10   7  42.9%Insurance and claims 15   15  0.0%  32   26  23.1%Gains on sales of property and equipment (2)  (3) -33.3%  (5)  (5) 0.0%Depreciation and amortization 33   34  -2.9%  66   67  -1.5%Legal matters (2) -   (2) -100.0%  -   (13) -100.0%Transaction and integration costs 1   -  NM  1   -  NMRestructuring costs 21   1  2000.0%  27   12  125.0%Operating income (loss)$(6)  11  NM $(11) $12  NMAmortization expense 5   5     11   10   Legal matters (2) -   (2)    -   (13)  Transaction and integration costs 1   -     1   -   Restructuring costs 21   1     27   12   Adjusted operating income (3)$21   15  40.0% $27  $20  35.0%Depreciation expense 27   29     55   56   Adjusted EBITDA (4)$48   44  9.1% $81  $76  6.6%Adjusted EBITDA margin (4) 5.2%  5.2%    4.5%  4.7%                  Amounts may not add due to rounding.NM - Not meaningful.(1) Fuel, operating expenses and supplies includes fuel-related taxes.(2) Reflects the settlement of claims against certain truck manufacturers related to purchases by our European Transportation segment covering periods prior to 2015.(3) See the “Non-GAAP Financial Measures” section of the press release.(4) Adjusted EBITDA is used by our chief operating decision maker to evaluate segment profit (loss) in accordance with ASC 280. Adjusted EBITDA margin is calculated as Adjusted EBITDA divided by Revenue using the underlying unrounded amounts.                 CorporateSummary Financial Table(Unaudited)(In millions)                 Three Months Ended June 30, Six Months Ended June 30, 2026  2025  Change % 2026  2025  Change %                Revenue$-  $-  0.0% $-  $-  0.0%Salaries, wages and employee benefits 4   4  0.0%  8   8  0.0%Depreciation and amortization 1   1  0.0%  2   2  0.0%Pre-Con-way acquisition environmental matter 1   -  NM  1   -  NMTransaction and integration costs 2   2  0.0%  3   6  -50.0%Restructuring costs 1   4  -75.0%  4   5  -20.0%Operating loss$(9) $(11) -18.2% $(18) $(20) -10.0%Depreciation and amortization 1   1     2   2   Pre-Con-way acquisition environmental matter 1   -     1   -   Transaction and integration costs 2   2     3   6   Restructuring costs 1   4     4   5   Adjusted EBITDA (1)$(4) $(4) 0.0% $(8) $(8) 0.0%                Amounts may not add due to rounding.NM - Not meaningful.(1) See the “Non-GAAP Financial Measures” section of the press release.                 XPO, Inc.Reconciliation of Non-GAAP Measures(Unaudited)(In millions)                 Three Months Ended June 30, Six Months Ended June 30, 2026  2025  Change % 2026  2025  Change %                Reconciliation of Net Income to Adjusted EBITDA               Net income$162  $106  52.8% $263  $175  50.3%Debt extinguishment loss 5   -     5   5   Interest expense 51   56     104   112   Income tax provision 56   37     79   59   Depreciation and amortization expense 134   131     265   254   Pre-Con-way acquisition environmental matter 1   -     1   -   Legal matters (1) -   (2)    -   (13)  Transaction and integration costs 2   3     4   6   Restructuring costs 22   8     31   20   Adjusted EBITDA (2)$434  $340  27.6% $753  $618  21.8%Revenue$2,355  $2,080  13.2% $4,451  $4,034  10.3%Adjusted EBITDA margin (2) (3) 18.4%  16.3%    16.9%  15.3%  Gains on real estate transactions 9   -     9   2   Adjusted EBITDA, excluding gains on real estate transactions (2)$425  $340  25.0% $744  $615  21.0%                Amounts may not add due to rounding.(1) Reflects the settlement of claims against certain truck manufacturers related to purchases by our European Transportation segment covering periods prior to 2015.(2) See the “Non-GAAP Financial Measures” section of the press release.(3) Adjusted EBITDA margin is calculated as Adjusted EBITDA divided by Revenue using the underlying unrounded amounts.                 XPO, Inc.Reconciliation of Non-GAAP Measures (cont.)(Unaudited)(In millions, except per share data)               Three Months Ended Six Months Ended  June 30, June 30,  2026  2025  2026  2025              Reconciliation of Net Income and Diluted Earnings Per Share to Adjusted Net Income and Adjusted Earnings Per Share           Net income (1)$162  $106  $263  $175  Debt extinguishment loss 5   -   5   5  Amortization of acquisition-related intangible assets 15   15   29   29  Pre-Con-way acquisition environmental matter 1   -   1   -  Legal matters (2) -   (2)  -   (13) Transaction and integration costs 2   3   4   6  Restructuring costs 22   8   31   20  Income tax associated with the adjustments above (3) (5)  (5)  (8)  (10) European legal entity reorganization (4) -   -   (3)  1  Other tax adjustments (2)  -   (2)  -              Adjusted net income (5)$201  $125  $322  $212              Adjusted diluted earnings per share (1)(5)$1.70  $1.05  $2.71  $1.78              Weighted-average common shares outstanding            Diluted weighted-average common shares outstanding 118   119   119   119              Amounts may not add due to rounding.             (1) Includes gains from sales of real estate of $7 million ($9 million pre-tax) or $0.06 per diluted share in the second quarter of 2026. Excluding these gains, adjusted diluted earnings per share is $1.64. There were no gains from sales of real estate in the second quarter of 2025. Includes gains from sales of real estate of $7 million ($9 million pre-tax) or $0.06 per diluted share and $2 million ($2 million pre-tax) or $0.02 per diluted share for the six months ended June 30, 2026 and 2025, respectively. Excluding these gains, adjusted diluted earnings per share is $2.65 and $1.76 for the six months ended June 30, 2026 and 2025, respectively.(2) Reflects the settlement of claims against certain truck manufacturers related to purchases by our European Transportation segment covering periods prior to 2015.             (3) This line item reflects the aggregate tax benefit of all non-tax related adjustments reflected in the table above. The detail by line item is as follows: Debt extinguishment loss$1  $-  $1  $1  Amortization of acquisition-related intangible assets 2   2   5   5  Transaction and integration costs 1   1   1   1  Restructuring costs -   2   1   3   $5  $5  $8  $10              Amounts may not add due to rounding.The income tax rate applied to reconciling items is based on the GAAP annual effective tax rate, excluding discrete items, non-deductible compensation, losses for which no tax benefit can be recognized, and contribution- and margin-based taxes.             (4) Reflects an adjustment recognized during the first quarters of 2026 and 2025 to the tax benefit recognized in the second quarter of 2024 related to a legal entity reorganization within our European Transportation business.(5) See the "Non-GAAP Financial Measures" section of the press release.             

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider XPO (XPO - Free Report) . This company, which is in the Zacks Transportation - Truck industry, shows potential for another earnings beat.

This freight management company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 14.64%.

For the last reported quarter, XPO came out with earnings of $1.01 per share versus the Zacks Consensus Estimate of $0.89 per share, representing a surprise of 13.48%. For the previous quarter, the company was expected to post earnings of $0.76 per share and it actually produced earnings of $0.88 per share, delivering a surprise of 15.79%.

Price and EPS Surprise

With this earnings history in mind, recent estimates have been moving higher for XPO. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

XPO currently has an Earnings ESP of +0.37%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #2 (Buy) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on July 30, 2026.

With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.

Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Posted by Defense World Staff on Jul 27th, 2026

Entropy Technologies LP lifted its stake in shares of XPO, Inc. (NYSE:XPO – Free Report) by 136.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,869 shares of the transportation company’s stock after buying an additional 7,419 shares during the quarter. Entropy Technologies LP’s holdings in XPO were worth $2,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Border to Coast Pensions Partnership Ltd purchased a new position in shares of XPO during the 1st quarter worth approximately $36,048,000. Econ Financial Services Corp purchased a new position in shares of XPO in the 4th quarter valued at approximately $1,837,000. Calamos Advisors LLC lifted its stake in shares of XPO by 247.8% in the 4th quarter. Calamos Advisors LLC now owns 13,973 shares of the transportation company’s stock valued at $1,899,000 after purchasing an additional 9,956 shares during the period. Bank of New York Mellon Corp boosted its position in shares of XPO by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 716,747 shares of the transportation company’s stock valued at $139,443,000 after purchasing an additional 6,167 shares in the last quarter. Finally, K.J. Harrison & Partners Inc boosted its position in shares of XPO by 460.0% during the fourth quarter. K.J. Harrison & Partners Inc now owns 28,000 shares of the transportation company’s stock valued at $3,805,000 after purchasing an additional 23,000 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Wall Street Analyst Weigh In A number of equities analysts have issued reports on XPO shares. Stephens upgraded XPO to a “strong-buy” rating in a report on Wednesday, July 8th. UBS Group boosted their target price on shares of XPO from $236.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $220.00 target price on shares of XPO in a research report on Thursday, April 30th. Weiss Ratings raised shares of XPO from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Finally, Stifel Nicolaus increased their price target on shares of XPO from $237.00 to $241.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $219.76.

Get Our Latest Report on XPO

XPO Stock Down 0.2% XPO stock opened at $212.60 on Monday. The business has a 50 day moving average of $210.31 and a 200 day moving average of $197.69. The firm has a market cap of $24.96 billion, a PE ratio of 72.81, a price-to-earnings-growth ratio of 2.44 and a beta of 1.85. XPO, Inc. has a twelve month low of $116.68 and a twelve month high of $232.05. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71.

XPO (NYSE:XPO – Get Free Report) last released its earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.89 by $0.12. XPO had a return on equity of 26.21% and a net margin of 4.19%.The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, research analysts forecast that XPO, Inc. will post 4.91 EPS for the current fiscal year.

Insider Activity In other news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the transaction, the director owned 4,849 shares of the company’s stock, valued at $1,045,492.89. The trade was a 33.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.87% of the stock is currently owned by corporate insiders.

XPO Profile (Free Report)

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.

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Wall Street expects a year-over-year increase in earnings on higher revenues when XPO (XPO - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 30. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis freight management company is expected to post quarterly earnings of $1.49 per share in its upcoming report, which represents a year-over-year change of +41.9%.

Revenues are expected to be $2.28 billion, up 9.7% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.52% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for XPO?For XPO, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.37%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination indicates that XPO will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that XPO would post earnings of $0.89 per share when it actually produced earnings of $1.01, delivering a surprise of +13.48%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

XPO appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerAmong the stocks in the Zacks Transportation - Truck industry, Old Dominion Freight Line (ODFL - Free Report) , is soon expected to post earnings of $1.52 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +19.7%. This quarter's revenue is expected to be $1.54 billion, up 9.5% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Old Dominion has been revised 2.8% up to the current level. Nevertheless, the company now has an Earnings ESP of +1.02%, reflecting a higher Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #2 (Buy), suggests that Old Dominion will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

GREENWICH, Conn., July 16, 2026 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO), a leading provider of freight transportation in North America, today announced its team of 36 drivers who will compete in this year’s National Truck Driving Championships (NTDC), taking place August 11-14 in Pittsburgh.

The annual NTDC, hosted by the American Trucking Associations (ATA), is the trucking industry’s premier safety and skills competition. Known as the “Super Bowl of Safety,” NTDC dates to 1937 and brings together hundreds of the nation’s most accomplished professional drivers to compete for the coveted title of National Grand Champion.

Mario Harik, chairman and chief executive officer of XPO, said, "The National Truck Driving Championships recognize the best professional drivers in our industry, and we're proud to have 36 XPO drivers competing this year. Their commitment to safety, discipline and excellence reflects the high standards they uphold every day for our customers. We look forward to cheering them on in Pittsburgh."

XPO’s finalists come from 23 states and have collectively appeared at NTDC over 200 times. Each qualified for nationals by winning their vehicle class at their state championships and maintaining an accident-free driving record for more than one year.

Five of XPO’s finalists were named Grand Champions of their state competitions, earning the highest overall score across nine equipment categories. Each of these five drivers has achieved at least one million consecutive accident-free miles during their time at XPO.

XPO’s five state Grand Champions are:

Chris Poynor (Washington): Chris will appear at his 10th nationals, representing Washington as Grand Champion for the second year in a row. He has driven over two million accident-free miles over his 25 years at XPO.Curt McMellon (Louisiana): Curt won Rookie of the Year at his first Louisiana Truck Driving Championships and is returning to nationals for the seventh year. Since joining XPO in 2010, he has driven over one million accident-free miles.Ernie Budlowski (Connecticut): Ernie is returning to nationals for the 15th year, following a second-place finish at the 2025 NTDC. He has driven over two million accident-free miles over his 31-year career at XPO.Joe Hicks (Rhode Island): Joe is an eight-time Rhode Island Grand Champion and is competing at nationals for the 12th time. He has driven over one million accident-free miles since he joined XPO in 2007.Steve Iburg (Iowa): Steve is making his sixth trip to nationals, having achieved two million accident-free miles earlier this year after 23 years on the road with XPO. XPO’s 2026 NTDC Finalists

StateNameClassArizonaAndres Orozco4-AxleCaliforniaJimmie RoyStraight TruckConnecticutErnie BudlowskiSleeperConnecticutTom GriffinStraight TruckConnecticutJohn BrownTwinsIdahoBen Scholes4-AxleIdahoJosh JettonStraight TruckIdahoJeff Halford3-AxleIowaDavid Wollbrink3-AxleIowaSteve IburgTwinsLouisianaCurt McMellonTank TruckMassachusettsRich SweeneyFlatbedMichiganRon LooksStraight TruckMinnesotaNick FarnessTwinsMontanaBruce Winter4-AxleMontanaDustin Lofts3-AxleMontanaScott CourtneyTank TruckNevadaBrandon Hardy5-AxleNew JerseyLorenso RamosStraight TruckNew JerseyMiguel ValleTwinsNew MexicoJames MartinezFlatbedNew YorkDave MayStraight TruckNorth DakotaBrad Morrow5-AxleNorth DakotaJon SimonsonFlatbedOhioMatthew Keeney4-AxlePennsylvaniaTommy Pearce3-AxleRhode IslandJoe DaccacheTwinsRhode IslandJoe Hicks3-AxleVermontLenny TrifaroTank TruckVirginiaRobbie Cottrell3-AxleWashingtonChris Poynor3-AxleWashingtonRay SittonTank TruckWashingtonRobert DeanFlatbedWashingtonAndrey Grishchuk4-AxleWest VirginiaLarry GorbyTank TruckWisconsinJeremy Steger4-Axle To learn more about each competitor, visit the NTDC webpage on XPO.com.

About XPO
XPO, Inc. (NYSE: XPO) is a leader in asset-based less-than-truckload (LTL) freight transportation in North America. The company’s customer-focused organization efficiently moves 16 billion pounds of freight per year, enabled by its proprietary technology. XPO serves 55,000 customers with 594 locations and 37,000 employees in North America and Europe, and is headquartered in Greenwich, Conn., USA. Visit xpo.com for more information, and connect with XPO on LinkedIn, Facebook, X, Instagram and YouTube.

Media Contact
Cole Horton
+1-203-609-6004
[email protected]

GREENWICH, Conn., June 29, 2026 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO) will hold its second quarter conference call and webcast on Thursday, July 30, at 8:30 a.m. Eastern Time. The company's results will be released earlier that morning and made available on www.xpo.com.

Access information:
Call toll-free from US/Canada: 1-877-269-7756
International callers: +1-201-689-7817
Live webcast online at: www.xpo.com/investors

A replay of the conference call will be available until August 29, 2026, by calling toll-free (from US/Canada) 1-877-660-6853; international callers dial +1-201-612-7415. Use the passcode 13761453. Additionally, the call will be archived on www.xpo.com/investors.

About XPO
XPO, Inc. (NYSE: XPO) is a leader in asset-based less-than-truckload (LTL) freight transportation in North America. The company’s customer-focused organization efficiently moves 16 billion pounds of freight per year, enabled by its proprietary technology. XPO serves 55,000 customers with 594 locations and 37,000 employees in North America and Europe, and is headquartered in Greenwich, Conn., USA. Visit xpo.com for more information, and connect with XPO on LinkedIn, Facebook, X, Instagram and YouTube.

Investor Contact
Brian Scasserra
+1-617-607-6429
[email protected]

Media Contact
Cole Horton
+1-203-609-6004
[email protected]

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New AI tools aim to improve advertiser ROI, reduce acquisition costs, and strengthen long-term platform growth

SUNNYVALE, Calif. & SINGAPORE--(BUSINESS WIRE)--KNOREX Ltd. (NYSE American: KNRX) (“KNOREX” or the “Company”), a leading provider of AI-driven advertising technology solutions, today announced major advancements to its KNOREX XPO℠ platform. The update introduces an AI-powered Keyword Optimizer for Google Ads and a sophisticated Machine Learning-based Data-Driven Attribution (DDA) model for Meta, Google, TikTok, and other major native platforms. The enhancements are designed to help advertisers improve return on investment, reduce customer acquisition costs, and drive more efficient campaign performance.

These innovations arrive as the AI-driven marketing and advertising market is projected to surge from $20.4 billion in 2024 to over $80 billion by 2030, according to Grand View Research. KNOREX’s latest tools are designed to capture this demand by automating complex optimizations and providing unprecedented transparency into "walled garden" environments.

AI-Powered Keyword Optimizer Unlocks Incremental Traffic

The KNOREX XPO℠ Keyword Optimizer eliminates the friction of manual keyword management. By dynamically replacing underperforming or stagnant terms with high-potential alternatives, the engine ensures campaigns remain competitive and cost-efficient in real-time.

In a pilot program across 26 active campaigns, the Optimizer delivered significant performance gains:

Lower Cost and Greater Efficiency: Achieved a 31% improvement in average Cost-Per-Click (CPC) by using only 4% of total spend to generate a disproportionate share of total clicks Higher Traffic: Generated over additional 7% of new clicks from rotated keywords The optimizer continuously removes non-performing keywords and replaces them with high-potential alternatives, ensuring campaigns remain active, competitive, and cost-efficient without manual intervention.

New Data-Driven Attribution Model Improves Visibility Across Platforms

As digital ecosystems become increasingly fragmented, advertisers struggle to track the true customer journey. KNOREX’s new DDA model utilizes machine learning to bridge the gap between disparate platforms, providing a unified view of performance.

Key Capabilities Include:

Better visibility across the entire customer journey Clear identification of which campaigns drive conversions Improved understanding of return on advertising spend A Unified AI Platform for Modern Online Advertising

These enhancements integrate seamlessly with KNOREX’s existing AI suite, including the previously announced KAIROS™ bid and CPA models.

Together, they establish KNOREX XPO as a comprehensive platform for:

Automated campaign optimization at scale Intelligent discovery of new traffic and keyword opportunities Transparent cross-channel attribution Sustainable improvements in Return on Ad Spend (ROAS) “These enhancements position KNOREX XPO to capitalize on one of the fastest-growing segments in digital advertising, where AI-driven solutions are expected to exceed $80 billion by the end of the decade,” said Dr. Justin Choo, CEO of KNOREX. “By increasing automation, improving campaign performance, and delivering clearer ROI insights across channels, we are strengthening our competitive position while expanding our addressable market, deepening customer retention and platform stickiness, and driving long-term, scalable growth for our shareholders.”

About KNOREX Ltd.

Founded in 2009, KNOREX Ltd. (NYSE American: KNRX) is a B2B technology company that provides AI-driven cross-channel programmatic advertising products and solutions to help businesses to simplify digital advertising. The Company's flagship platform, KNOREX XPOsm, is an AI-powered, cloud-based advertising technology platform that enables marketers to efficiently plan, execute, and optimize cross-channel ad campaigns across a diverse range of digital media, including social media, search, CTV/OTT, video, audio, display, native, and DOOH advertising.

By leveraging advanced AI/ML-driven automation, KNOREX XPO allows advertisers to enhance campaign performance, reduce wasted ad spend, and scale their marketing efforts while maintaining efficiency and transparency. The platform is designed to address the growing complexity in digital marketing by centralizing campaign execution and analytics into a unified, data-driven workflow.

KNOREX serves global enterprises, agencies, and brands across multiple industries, helping them navigate the rapidly evolving digital advertising landscape with automated, intelligent, and data-driven solutions. The Company has operations in the United States, Vietnam, India, Malaysia, and Singapore.

For additional information, please visit www.knorex.com.

FORWARD-LOOKING STATEMENTS

Certain statements in this press release are “forward-looking statements” as defined under the federal securities laws, including, but not limited to, the Company’s expectations regarding the completion, timing and size of the proposed Offering and statements regarding the use of proceeds from the sale of the Company’s shares in the Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can find many (but not all) of these statements by the use of words such as “believe,” “plan,” “expect,” “intend,” “should,” “seek,” “estimate,” “will,” “aim,” and “anticipate,” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

More News From KNOREX Ltd.

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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider XPO (XPO - Free Report) . This company, which is in the Zacks Transportation - Truck industry, shows potential for another earnings beat.

This freight management company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 10.87%.

For the last reported quarter, XPO came out with earnings of $0.88 per share versus the Zacks Consensus Estimate of $0.76 per share, representing a surprise of 15.79%. For the previous quarter, the company was expected to post earnings of $1.01 per share and it actually produced earnings of $1.07 per share, delivering a surprise of 5.94%.

Price and EPS Surprise

Thanks in part to this history, there has been a favorable change in earnings estimates for XPO lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

XPO currently has an Earnings ESP of +0.42%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on April 30, 2026.

With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.

Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

XPO (XPO - Free Report) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +13.97%. A quarter ago, it was expected that this freight management company would post earnings of $0.76 per share when it actually produced earnings of $0.88, delivering a surprise of +15.79%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

XPO, which belongs to the Zacks Transportation - Truck industry, posted revenues of $2.1 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.75%. This compares to year-ago revenues of $1.95 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

XPO shares have added about 59.5% since the beginning of the year versus the S&P 500's gain of 4.2%.

What's Next for XPO?While XPO has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for XPO was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.29 on $2.2 billion in revenues for the coming quarter and $4.49 on $8.57 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Truck is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Forward Air (FWRD - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on May 7.

This contractor for the air cargo industry is expected to post quarterly loss of $0.35 per share in its upcoming report, which represents a year-over-year change of +78%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Forward Air's revenues are expected to be $620 million, up 1.1% from the year-ago quarter.

XPO, Inc. (XPO) Q1 2026 Earnings Call Transcript

XPO, Inc. delivered strong Q1 results, with 7% revenue growth and 38% EPS growth, outperforming estimates. XPO's LTL segment drove margin expansion, achieving an 83.9% operating ratio and 23.6% EBITDA margin, highlighting operational excellence amid a tough freight cycle. Despite management's ambitious low-70s OR target and early signs of freight market stabilization, volume growth remains a key external dependency.

The price trend for XPO (XPO - Free Report) has been bearish lately and the stock has lost 6.3% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.

The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for the stock. On the fundamental side, strong agreement among Wall Street analysts in raising earnings estimates for this freight management company enhances its prospects of a trend reversal.

What is a Hammer Chart and How to Trade It?This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.'

In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's close, and again closes lower. On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price.

When it occurs at the bottom of a downtrend, this pattern signals that the bears might have lost control over the price. And, the success of bulls in stopping the price from falling further indicates a potential trend reversal.

Hammer candles can occur on any timeframe -- such as one-minute, daily, weekly -- and are utilized by both short-term as well as long-term investors.

Like every technical indicator, the hammer chart pattern has its limitations. Particularly, as the strength of a hammer depends on its placement on the chart, it should always be used in conjunction with other bullish indicators.

Here's What Increases the Odds of a Turnaround for XPOThere has been an upward trend in earnings estimate revisions for XPO lately, which can certainly be considered a bullish indicator on the fundamental side. That's because a positive trend in earnings estimate revisions usually translates into price appreciation in the near term.

The consensus EPS estimate for the current year has increased 7.9% over the last 30 days. This means that the Wall Street analysts covering XPO are majorly in agreement about the company's potential to report better earnings than what they predicted earlier.

If this is not enough, you should note that XPO currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. And stocks carrying a Zacks Rank #1 or 2 usually outperform the market. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Moreover, the Zacks Rank has proven to be an excellent timing indicator, helping investors identify precisely when a company's prospects are beginning to improve. So, for the shares of XPO, a Zacks Rank of 2 is a more conclusive fundamental indication of a potential turnaround.

GREENWICH, Conn., June 03, 2026 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO), a leading provider of freight transportation in North America, today reported certain preliminary LTL segment operating metrics for May 2026. LTL tonnage per day increased 0.5%, as compared with May 2025, attributable to a year-over-year increase of 3.3% in shipments per day and a decrease of 2.7% in weight per shipment. Actual results for May 2026 may vary from the preliminary results reported above.

About XPO

XPO, Inc. (NYSE: XPO) is a leader in asset-based less-than-truckload (LTL) freight transportation in North America. The company’s customer-focused organization efficiently moves 16 billion pounds of freight per year, enabled by its proprietary technology. XPO serves 55,000 customers with 594 locations and 37,000 employees in North America and Europe, and is headquartered in Greenwich, Conn., USA. Visit xpo.com for more information, and connect with XPO on LinkedIn, Facebook, X, Instagram and YouTube.

Forward-looking Statements

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target,” “trajectory” or the negative of these terms or other comparable terms. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances.

These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause or contribute to a material difference include the risks discussed in our filings with the SEC, and the following: the effects of business, economic, political, legal, and regulatory impacts or conflicts upon our operations; supply chain disruptions and shortages, strains on production or extraction of raw materials, cost inflation and labor and equipment shortages; our ability to align our investments in capital assets, including equipment, service centers, and warehouses to our customers’ demands; our ability to implement our cost and revenue initiatives and realize growth and expansion as a result of those initiatives; our ability to improve pricing growth; the effectiveness of our action plan, and other management actions, to improve our North American LTL business; our ability to continue insourcing linehaul in ways that enhance our network efficiency and productivity; the anticipated impact of a freight market recovery on our business; our ability to capture profitable share gains, facilitate yield growth, and improve margins during an upcycle; our ability to benefit from a sale, spin-off or other divestiture of one or more business units or to successfully integrate and realize anticipated synergies, cost savings and profit opportunities from acquired companies; goodwill impairment; issues related to compliance with data protection laws, competition laws, and intellectual property laws; fluctuations in currency exchange rates, fuel prices and fuel surcharges; our ability to develop and implement proprietary technology and suitable information technology systems that contribute to cost and productivity improvements; the impact of potential cyber-attacks and information technology or data security breaches or failures; our ability to repurchase shares on favorable terms; our indebtedness; our ability to raise debt and equity capital; fluctuations in interest rates; seasonal fluctuations; our ability to maintain positive relationships with our network of third-party transportation providers; our ability to attract and retain management talent and key employees including qualified drivers; labor matters; litigation; and competition. We caution that our operating results for May 2026 are not necessarily indicative of the results that may be expected for future periods. 

All forward-looking statements set forth in this release are qualified by these cautionary statements and there can be no assurance that the actual results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences to or effects on us or our business or operations. Forward-looking statements set forth in this release speak only as of the date hereof, and we do not undertake any obligation to update forward-looking statements except to the extent required by law.

Investor Contact
Brian Scasserra
+1-617-607-6429
[email protected]  

Media Contact
Cole Horton
+1-203-609-6004
[email protected]

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at XPO (XPO - Free Report) , which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. XPO currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market? In order to see if XPO is a promising momentum pick, let's examine some Momentum Style elements to see if this freight management company holds up.

Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.

For XPO, shares are up 5.58% over the past week while the Zacks Transportation - Truck industry is up 6.73% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 5.98% compares favorably with the industry's 19.39% performance as well.

While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of XPO have increased 19.94% over the past quarter, and have gained 87.93% in the last year. In comparison, the S&P 500 has only moved 10.8% and 28.41%, respectively.

Investors should also take note of XPO's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now XPO is averaging 1,648,616 shares for the last 20 days..

Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with XPO.

Over the past two months, 10 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost XPO's consensus estimate, increasing from $4.47 to $4.84 in the past 60 days. Looking at the next fiscal year, 9 estimates have moved upwards while there have been no downward revisions in the same time period.

Bottom LineGiven these factors, it shouldn't be surprising that XPO is a #1 (Strong Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep XPO on your short list.

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, June 9:

XPO, Inc. (XPO - Free Report) : This freight transportation company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days.

XPO's shares gained 15.6% over the last three months compared with the S&P 500’s decline of 9.1%. The company possesses a Momentum Score of A.

Caterpillar Inc. (CAT - Free Report) : This industrial machinery company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.5% over the last 60 days.

Caterpillar’s shares gained 28% over the last three months compared with the S&P 500’s decline of 9.1%. The company possesses a Momentum Score of B.

Unisys Corporation (UIS - Free Report) : This technology services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 14.8% over the last 60 days.

Unisys’ shares gained 72.3% over the last three months compared with the S&P 500’s decline of 9.1%. The company possesses a Momentum Score of B.

See the full list of top ranked stocks here

Learn more about the Momentum score and how it is calculated here.