XPO (NYSE: XPO), a leading provider of freight transportation in North America, today reported certain preliminary LTL segment operating metrics for November 2023. LTL tonnage per day decreased 0.4%, as compared with November 2022, attributable to a year-over-year increase of 3.8% in shipments per day and a decrease of 4.1% in weight per shipment. Actual results for November 2023 may vary from the preliminary results reported above.
Mario Harik, chief executive officer of XPO, said, “We’re continuing to make good progress on a number of fronts in the fourth quarter despite the soft freight market. November was our eighth consecutive month of year-over-year growth in shipments per day at a 3.8% increase. And our yield ex-fuel growth is tracking ahead of expectations for the quarter, with continued strength heading into 2024.”
Harik continued, “There’s a strong correlation between these operating gains and our strategy to become the industry’s best service provider. By enhancing our service quality, we’re increasing our yield and can capture more profitable share when industry tonnage rebounds. Through the first two months of this quarter, we continued to improve our damage frequency to a new company record."
XPO, Inc. (NYSE: XPO) is one of the largest providers of asset-based less-than-truckload (LTL) transportation in North America, with proprietary technology that moves goods efficiently through its network. Together with its business in Europe, XPO serves approximately 50,000 customers with 563 locations and 38,000 employees. The company is headquartered in Greenwich, Conn., USA. Visit xpo.com for more information, and connect with XPO on Facebook, X, LinkedIn, Instagram and YouTube.
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