Latest news with #XPO
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5 days ago
- Business
- Yahoo
XPO sees modest tonnage decline in May
Less-than-truckload carrier XPO announced Wednesday a continuation of modest volume declines during May as the industry awaits an inflection in demand. The Greenwich, Connecticut-based company said tonnage per day was down 5.7% year over year during the month – the combination of a 5% decline in shipments and a 0.7% decline in weight per shipment. The update was in line with the company's prior guidance calling for a tonnage decline similar to what it experienced in April (down 5.5% y/y). The monthly declines are a modest improvement from the first quarter (down 7.5% y/y) and appear to be largely in line with typical seasonality. XPO's (NYSE: XPO) y/y comps get easier in the second half of the year as modest y/y increases recorded in the second quarter of 2024 give way to more pronounced declines in the third and fourth quarters of last year. January marked the low for XPO's tonnage on a two-year-stacked comp (down 9.6%). April and May were off 2% and 3%, respectively. XPO is again likely to be the only LTL carrier to see y/y margin improvement in the second quarter. The company previously guided second-quarter yield growth to be in line with the first quarter (up 6.9% y/y excluding fuel surcharges). Improved pricing from service enhancements and a change in freight mix to local accounts (which carry higher margins) were behind the pricing guide. The combination of a continuation of seasonal volume trends along with improved pricing and idiosyncratic efficiency initiatives drove the company to guide to the high end (or better) of the normal sequential margin change rate of 250 to 300 basis points from the first to the second quarter. That implies an 83% OR (inverse of operating margin) for the second quarter, which would be 20 bps better y/y. XPO also reiterated on its first-quarter call in April a full-year 2025 outlook for 150 bps of y/y OR improvement. That guidance follows 370 bps of OR improvement over the past two years, which, too, bucked the industry trend. Carrier Old Dominion Freight Line (NASDAQ: ODFL) also reported Wednesday an in-line update for May. More FreightWaves articles by Todd Maiden: Old Dominion's May update in line with prior Q2 guide Transportation pricing grows faster than capacity again in May Yellow Corp. to sell 4 terminals for $6.8M The post XPO sees modest tonnage decline in May appeared first on FreightWaves. Sign in to access your portfolio
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7 days ago
- Business
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Q1 Rundown: XPO (NYSE:XPO) Vs Other Ground Transportation Stocks
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let's take a look at how XPO (NYSE:XPO) and the rest of the ground transportation stocks fared in Q1. The growth of e-commerce and global trade continues to drive demand for shipping services, especially last-mile delivery, presenting opportunities for ground transportation companies. The industry continues to invest in data, analytics, and autonomous fleets to optimize efficiency and find the most cost-effective routes. Despite the essential services this industry provides, ground transportation companies are still at the whim of economic cycles. Consumer spending, for example, can greatly impact the demand for these companies' offerings while fuel costs can influence profit margins. The 16 ground transportation stocks we track reported a slower Q1. As a group, revenues missed analysts' consensus estimates by 2.2%. In light of this news, share prices of the companies have held steady as they are up 4.1% on average since the latest earnings results. Owning a mobile game simulating freight operations for the Tour de France, XPO (NYSE:XPO) is a transportation company specializing in expedited shipping services. XPO reported revenues of $1.95 billion, down 3.2% year on year. This print fell short of analysts' expectations by 0.9%, but it was still a strong quarter for the company with a solid beat of analysts' adjusted operating income estimates and an impressive beat of analysts' EPS estimates. Mario Harik, chief executive officer of XPO, said, 'We carried our momentum into 2025 and delivered first quarter financial results that outperformed the industry. Companywide, we reported adjusted EBITDA of $278 million and adjusted diluted EPS of $0.73, while operating more efficiently. The stock is up 15.8% since reporting and currently trades at $112.89. Is now the time to buy XPO? Access our full analysis of the earnings results here, it's free. Employing thousands of drivers across the country to make deliveries, Schneider (NYSE:SNDR) makes full truckload and intermodal deliveries regionally and across borders. Schneider reported revenues of $1.40 billion, up 6.3% year on year, in line with analysts' expectations. The business had a very strong quarter with an impressive beat of analysts' adjusted operating income estimates. The market seems happy with the results as the stock is up 13.6% since reporting. It currently trades at $24.41. Is now the time to buy Schneider? Access our full analysis of the earnings results here, it's free. Conducting business in over a 100 countries, Werner (NASDAQ:WERN) offers full-truckload, less-than-truckload, and intermodal delivery services. Werner reported revenues of $712.1 million, down 7.4% year on year, falling short of analysts' expectations by 3.4%. It was a disappointing quarter as it posted a miss of analysts' Logistics revenue estimates. As expected, the stock is down 4.9% since the results and currently trades at $26.30. Read our full analysis of Werner's results here. With access to millions of trucks, RXO (NYSE:RXO) offers full-truckload, less-than-truckload, and last-mile deliveries. RXO reported revenues of $1.43 billion, up 57% year on year. This result came in 3.5% below analysts' expectations. It was a slower quarter as it also recorded a significant miss of analysts' EPS and EBITDA estimates. RXO scored the fastest revenue growth among its peers. The stock is up 10.7% since reporting and currently trades at $15.20. Read our full, actionable report on RXO here, it's free. Covering 1.6 billion loaded miles in 2023 alone, Knight-Swift Transportation (NYSE:KNX) offers less-than-truckload and full truckload delivery services. Knight-Swift Transportation reported revenues of $1.82 billion, flat year on year. This number topped analysts' expectations by 1.6%. Zooming out, it was a satisfactory quarter as it also produced an impressive beat of analysts' EPS estimates but EPS guidance for next quarter missing analysts' expectations. The stock is up 11.2% since reporting and currently trades at $44.04. Read our full, actionable report on Knight-Swift Transportation here, it's free. Thanks to the Fed's rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn't send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump's November win lit a fire under major indices and sent them to all-time highs. However, there's still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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29-05-2025
- Business
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Fleet sizes vs. fast food locations: How they compare
Welcome to the WHAT THE TRUCK?!? Newsletter presented by Drive Axle. In this issue: Fleet sizes vs. fast food locations; drivers share their pay; DIY port; and more. Fleet sizes vs. fast food restaurant locationsGrok Crunchwraps and crunching numbers — I never knew how much XPO and Taco Bell were alike. We all know McDonald's is everywhere, but so are megafleets. That got me curious: How do the largest fleets compare in size to the number of major chain restaurants? I'm not the only one. When I posted about this on LinkedIn, Brad Jacobs seemed to enjoy my But, if XPO is the Taco Bell of fleets, who is the McDonald's of fleets? Turns out J.B. Hunt and Schneider National both have 12,000-14,000 trucks while McDonald's has over 13,000 locations in the U.S. Grok Did you know that McDonald's isn't the biggest fast food chain in the U.S.? That distinction belongs to Subway, with over 19,000 stores. The only fleet that large is Knight-Swift. Despite AI only listing approximately 19,000 trucks for Knight-Swift, the company actually dwarfs Subway with over 27,000 tractors. (Verdict: Dooner>AI) Saia, Landstar and Old Dominion are the Dunkin' of Although AI says none can compare to Chili's, and I'm sure Reed Loustalot would agree with that statement, New Legend and Western Flyer Express both have 1,200 tractors to match Chili's 1,200 locations. Arby's not only has the beef, but it also has 3,398 locations in the U.S.. Marten has 3,349 tractors, making it the Arby's of carriers. Anthony Fecarotta cut his teeth at XPO and filled his mouth with Taco Bell. You may be wondering why Starbucks was curiously absent from this list. David Coffield made his own comparison. There are roughly the same number of food service DCs as there are Starbucks. In terms of fleets, UPS is the closest with over 19,000 trucks. Which fast food restaurant does your fleet match up with? Email me. DIY Port Did you know that you can buy a gantry crane on Alibaba? Even better: You can pay in four easy, interest-free Klarna payments! Bankrate But beware. Missed payments and overspending are starting to become a problem for buy-now, pay-later services. Driver, what's your pay? Truck driver pay is all over the place, so when I saw Indeed list the average truck driver salary as $93,190, it got me curious. Google Wednesday on WHAT THE TRUCK?!?, I caught up with former trucker Justin Martin to break down pay and look at a series of popular TikToks where drivers explain their rate per mile (usually in comically confused ways.) Here's what you all had to say about your pay: This is just a cross section of the replies I received, but maybe Indeed isn't too far off on its average. And of course, net and gross can be two vastly different numbers in trucking. If you really want to dive deep on your own operating numbers, check out Adam Wingfield's Playbook. Is the FMCSA finally getting serious? Earlier this year, the FMCSA made some key changes to the Unified Registration System in an effort to fight the freight fraud epidemic. Starting on April 1, mandatory identity verification via Idemia became a requirement for all new motor carriers. Per CarrierOK: 'This chart shows the monthly counts of Filed vs. Published new carrier applications, and the Filed-to-Published conversion rate (white line). After FMCSA's identity verification became mandatory in April 2025, published counts (light blue) dropped by over 50%, while filings (dark blue) held steady – driving the conversion rate down from ~65% to ~30%.' Read the full report here. WTT Friday Blitz week breakdown: top violations – Friday on WHAT THE TRUCK?!?, I'm catching up with SearchCarrier's Garrett Allen. His new site allows you to easily look up any carrier and see how often it's been put out of service, inspected and more. We're diving into his blitz week dashboard to break down this year's top violations. Konexial's Jerry D'Addesi on the latest in AI load matching, double broker prevention and edge computing. Plus: Trump appeals tariff ruling; FMCSA's new policy craters new trucking authorities; a look at where the post-Memorial Day market is headed; and more. Catch new shows live at noon ET Mondays, Wednesdays and Fridays on FreightWaves LinkedIn, Facebook, X or YouTube, or on demand by looking up WHAT THE TRUCK?!? on your favorite podcast player and at 5 p.m. Eastern on SiriusXM's Road Dog Trucking Channel The fit – Head on over to to get our made-in-the-USA T-shirt collection. Also, now all products get free shipping in the U.S. Now on demand Thanks for reading, and feel free to forward this to a friend. Tweet @ Dooner Email me Subscribe to the newsletter Subscribe to the show Apple Podcasts Spotify YouTube TikTok Twitter Or simply look up WHAT THE TRUCK?!? on your favorite podcast player. Or, if you have SiriusXM, tune in to the show Monday, Wednesday and Friday at 5 p.m. Eastern time on Road Dog Trucking Channel 146. Exit through the gift shop: Don't be a stranger, Dooner The post Fleet sizes vs. fast food locations: How they compare appeared first on FreightWaves. Sign in to access your portfolio
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14-05-2025
- Business
- Yahoo
Was Jim Cramer Right About XPO, Inc. (XPO)?
We recently published a list of . In this article, we are going to take a look at where XPO, Inc. (NYSE:XPO) stands against other stocks that Jim Cramer discussed 12 months ago. During a recent episode of Mad Money, which aired on Friday, the 9th of May, Jim Cramer urged investors to stop chasing hot stocks blindly and instead start with the most fundamental question of all: what are you investing for? 'Far too often people will invest in the stock market with the simple poorly defined goal of making money. That's right. Poorly defined goal. Yeah, we all want to make money. I want it. You want it. But how quickly do you want that return? What are you willing to risk in order to get there? How much can you even afford to risk in the first place?' READ ALSO: and . He stressed the importance of matching your stock choices to your actual financial goals such as retirement, home purchase, and college tuition, rather than treating all money as interchangeable. This, he explained, is the cornerstone of suitability: 'You simply can't know which stocks you should buy if you haven't taken the time to really consider what your objectives are. That's the foundation of good investing judgment.' Cramer closed the segment by reminding viewers that even though the U.S. remains one of the best markets for long-term growth, discipline must come before stock picking: 'America remains a growth country… But please get to know yourself before you jump down the rabbit hole of getting to know individual companies.' For this article, we compiled a list of 9 stocks that were discussed by Jim Cramer during Mad Money episodes that aired on the 7th and 8th of May 2024. We then calculated their performance for the past 12 months, until May 7th, 2025, market close. We have also included the hedge fund sentiment for the stocks, which we sourced from Insider Monkey's Q4 2024 database of over 900 hedge funds. The stocks are listed in the order that Cramer mentioned them. Please note that this article mentions Jim Cramer's previous opinions and may not account for any changes to his opinions regarding the stocks that are mentioned. It is primarily an examination of how his previously provided opinions have panned out. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).In that older episode, a caller asked about XPO, Inc. (NYSE:XPO) following its earnings beat at the time. Cramer praised the company's consistent execution and recommended owning the stock, saying: 'XPO reported last week and beat on the top and the bottom line. But they're a serial beater. No, they're a serial beater, it's good. The stock is really good. The company's really good. I would own it.' The stock dipped by 0.77% since Cramer's comments, making it an uninspiring prediction. XPO (NYSE:XPO) is a freight transportation company that provides less-than-truckload, truckload, brokerage, multimodal options, managed transportation, and warehousing. Although the stock hasn't done well in the past 12 months, Cramer still favors it and included it in his list of 20 all-time favourites. Here's what he said in April: 'In 15th place is a company you should know or at least remember, it's called XPO, the trucking company, formally known as XPO Logistics, which is up 6,493% since we started doing the show. This is a Brad Jacobs rollup and breakup story. He took control of the old Express-1 Expedited Solutions back in 2011. He changed the name to XPO Logistics and quickly got to work acquiring other companies. It's rolling up companies in the very fragmented trucking and logistics industries. Overall, XPO ranks 5th on our list of stocks that Jim Cramer discussed 12 months ago. While we acknowledge the potential of XPO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than XPO but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
13-05-2025
- Business
- Yahoo
XPO sees minimal shipper conversion from LTL to TL
This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter. XPO reported it is not seeing 'a lot of direct conversion' from LTL to truckload, CEO Mario Harik said in an April 30 earnings call. Still, with truckload rates being lower 'there might be more combinations into truckload happening,' Harik said. But he noted that when truckload rates rise, the freight might come back to LTL. In the soft freight market, the logistics company's shipments per day were down 5.8% during Q1 compared with a year ago, but it generated volume growth in the mid to high single digits in its local channel, which executives named as a key focus for XPO. A softer economic environment and lower freight demand has led some freight to shift from LTL to truckload as shippers capitalize on historically low rates, but XPO executives said they're seeing less of the direct conversion trend, according to the company's earnings call. XPO is, however, seeing consolidation of shipments into truckload, which the carrier said has always happened. 'Companies have used [Transportation Management Systems] for decades now. And what TMSs do is that they look at if you don't have a service requirement and you can combine things into a truckload, you will combine it,' Harik said. LTL makes up a big portion of XPO's business, with North American LTL contributing $1.17 billion of its overall $1.95 billion in revenue in Q1. The carrier said it is the fourth largest LTL carrier by 2024 revenue metrics of $4.9 billion, according to an earnings presentation. Shippers turning away from LTL could hurt its business. But when asked about share loss to other modes, such as TL, Harik said he doesn't 'see any structural changes in how LTL freight is being moved across the country.' There has, however, been a decline in freight volumes and industrial demand over the past two to three years. "This is an opportunity potentially for the industry to see that volume come back when things turn the corner from an industrial production perspective," Harik told analysts. On the other hand, carriers such as ArcBest reported freight migrating over to truckload due to the excess capacity in the truckload space, according to the company's April 30 earnings call. 'From what we saw in 2024, we think that freight is going to eventually flow back to the LTL space when the market flips. But we've been encouraged by ultimately what our customers are looking for, and that's efficiency in supply chain,' ArcBest President Seth Runser said. Recommended Reading XPO operating income surges 24% in Q4 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
