XPO Provides North American LTL Operating Data for February 2024
06 March 2024 - 8:05AM
XPO (NYSE: XPO), a leading provider of freight transportation in
North America, today reported certain preliminary LTL segment
operating metrics for February 2024. LTL tonnage per day increased
3.5%, as compared with February 2023, attributable to a
year-over-year increase of 5.8% in shipments per day and a decrease
of 2.2% in weight per shipment. Actual results for February 2024
may vary from the preliminary results reported above.
About XPO
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 52,000 customers with 596 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.
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; the effectiveness of our action plan,
and other management actions, to improve our North American LTL
business; 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; the expected
benefits of the spin-offs of GXO Logistics, Inc. and RXO, Inc.; our
ability to develop and implement suitable information technology
systems; the impact of potential cyber-attacks and information
technology or data security breaches or failures; 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 key
employees including qualified drivers; labor matters; litigation;;
and competition and pricing pressures. We caution that our
operating results for February 2024 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 ContactBrian
Scasserra+1-617-607-6429brian.scasserra@xpo.com
Media ContactJaycie
Cooper+1-475-400-5003jaycie.cooper@xpo.com
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