XPO, Inc., together with its subsidiaries, provides freight transportation services in the United States, North America, France, the United Kingdom, and rest of Europe. The company operates in two segments, North American Less-Than-Truckload (LTL) and European Transportation. The North American LTL segment provides shippers with geographic density and day-definite domestic and cross-border services to the U.S., Mexico, Canada, and the Caribbean. The European Transportation segment offers dedicated truckload, LTL, truck brokerage, managed transportation, last mile, freight forwarding, and warehousing and multimodal solutions to an extensive base of customers within the consumer, trade, and industrial markets. The company was formerly known as XPO Logistics, Inc. and changed its name to XPO, Inc. in December 2022. The company was founded in 1989 and is based in Greenwich, Connecticut.
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STG Logistics to pay $2.2 million to drayage drivers in New Jersey misclassification settlement
STG Logistics will pay $2.2 million to drayage drivers in New Jersey as part of a settlement resolving a worker misclassification case. The total cash payout is $2.775 million, with the remaining $555,000 going to the state for penalties and contributions to unemployment and disability funds. The overall settlement is valued at over $80.9 million, but most of that amount will be wiped out through STG's recently concluded Chapter 11 bankruptcy, which cut its debt by 90%. The driver payments are classified as priority claims under the bankruptcy code, ensuring they are compensated ahead of other creditors. The case, first filed in 2023 under a 2021 law, alleged that STG and its predecessor XPO Logistics misclassified drivers as independent contractors, violating New Jersey's ABC test by exerting significant control over their work.
XPO Beats Q2 Estimates on 13.2% Revenue Growth and Margin Expansion
XPO reported second-quarter results that exceeded Wall Street expectations, with revenue rising 13.2% year on year to $2.36 billion and adjusted earnings per share of $1.70, a 15.5% beat. Adjusted EBITDA came in at $434 million, above the $406 million consensus, while operating margin expanded to 11.5% from 9.5% a year earlier. CEO Mario Harik highlighted a 36% increase in adjusted operating income on a 15% revenue gain, driven by strong North American less-than-truckload operations, AI-powered productivity tools, and market share gains. Looking ahead, the company expects to more than double free cash flow for the full year compared with 2025, supported by continued volume momentum, pricing discipline, and technology-driven efficiency improvements.
XPO Set to Report Q2 Earnings With Revenue Expected to Rise 10.1%
XPO is scheduled to announce its second-quarter earnings this Thursday before market open. Analysts expect revenue to grow 10.1% year on year, an improvement from flat revenue in the same quarter last year. The company beat revenue expectations last quarter, reporting $2.10 billion, up 7.3% year on year. Peers in the ground transportation segment have already reported mixed results, with Knight-Swift Transportation posting 12.6% revenue growth and Landstar up 18.1%, both topping estimates. XPO's stock price was unchanged over the last month, heading into earnings with an average analyst price target of $228.61 compared to the current share price of $204.86.
XPO Appoints Michael Kneeland to Board of Directors
XPO has appointed Michael Kneeland to its board of directors. Kneeland currently chairs United Rentals and Gildan Activewear and has direct board experience at GXO Logistics, bringing logistics and equipment rental expertise to XPO's boardroom. The appointment adds operational oversight as XPO focuses on cost discipline, technology-driven efficiency, and capital allocation in its less-than-truckload network. Analysts have flagged XPO's high debt levels as a key risk, and Kneeland's experience managing large fleets and leverage may influence future board decisions on refinancing and buyback programs. The stock recently closed at $208.2, up 50.0% year to date and 53.4% over the past year.
FedEx Freight Debuts on S&P 500 as Standalone LTL Carrier
FedEx Freight has entered the public market as a standalone freight company and joined the S&P 500, giving investors a clearer way to evaluate a business previously housed inside FedEx. The company is now a focused North American less-than-truckload carrier handling roughly 90,000 daily shipments across more than 365 locations with 30,000 vehicles and 40,000 team members. Management's medium-term targets include revenue growth of 4% to 6%, adjusted operating income growth of 10% to 12%, free cash flow above $1 billion, and free cash flow conversion above 90%. The spin-off allows FedEx Freight to direct resources toward freight-specific decisions without competing internally with parcel and express operations, but execution risk, exposure to the freight cycle, and elevated debt remain key challenges. The consensus price target for FDXF stock is $175, implying an upside of more than 17% from current levels, and the stock carries a Zacks Rank #3 (Hold).
Champion Homes Touted as Top Industrials Pick While Graco and XPO Are Flagged
StockStory highlights Champion Homes as a standout industrials stock with exciting potential, while advising caution on Graco and XPO. Champion Homes achieved exceptional annual revenue growth of 14.7% over the last two years, driven by market share gains, and its earnings per share grew faster than revenue thanks to share buybacks, with a return on invested capital of 37.9%. In contrast, Graco posted only 2.1% annual revenue growth and flat earnings per share over the same period, with diminishing returns on capital. XPO saw 2.8% annual revenue growth, a below-peer gross margin of 19.8%, and a low free cash flow margin of 1.8% over five years.
U.S. Bank Freight Payment Index shows spot rates surging 31%
The latest U.S. Bank Freight Payment Index shows dry van spot rates surged 31.29% year-over-year to $2.14 per mile in May 2026, even as spot shipments fell to 1.11 million from 1.31 million in April. Contract rates reached $2.18 per mile, up 9.00% year-over-year, while the spread between contract and spot rates narrowed from approximately $0.39 per mile to about $0.11. The report, a quarterly collaboration between U.S. Bank and DAT Freight & Analytics, attributes the repricing to tightening capacity and a shrinking contract-to-spot buffer, noting that linehaul pricing has increased more than fuel costs. Less-than-truckload carriers like Old Dominion and XPO have maintained pricing discipline, with Old Dominion's revenue per hundredweight excluding fuel rising 4.4% despite a 7.9% decline in daily shipments. The index warns that contract rates are still catching up to spot, meaning shippers face growing cost exposure even without a corresponding increase in shipment activity.
Combined Net Profits of Top Ten U.S. Trucking Firms Fell 46.9% from 2021 to 2025
A financial analysis by Demotech, Inc. finds that combined net profits of the ten largest U.S. trucking companies by market capitalization dropped from 4.2 billion dollars in 2021 to 2.2 billion dollars in 2025, a decline of approximately 46.9 percent. The study examined SEC filings for Old Dominion Freight Line, JB Hunt Transport Services, XPO Logistics, Saia, Knight-Swift Transportation Holdings, RXO, Schneider National, ArcBest, Werner Enterprises, and Heartland Express. While aggregate revenues rose modestly over the period, total operating expenses grew faster, and insurance and claims costs surged 54.4 percent from 992 million dollars to 1.53 billion dollars, far outpacing both revenue and expense growth. Three of the ten companies posted a net loss in 2025, compared to none in 2021, indicating that escalating insurance costs are a key factor eroding profitability in the industry.
C.H. Robinson Launches BidBoardX Digital Freight Platform
C.H. Robinson Worldwide has launched BidBoardX, a new digital freight platform designed to streamline bidding and matching for carriers and shippers. The platform aims to reduce manual processes and broaden access to load opportunities by moving committed freight into a centralized online marketplace, leveraging the company's network of 450,000 carriers and 75,000 customers. The launch arrives as the stock has risen 13.0% year to date and 101.2% over the past year, closing at $185.04. Analysts note that while earnings growth of 17.9% over the past year supports continued investment, execution risk remains if technology and human oversight are not well aligned, and competitive pressure from peers like Expeditors International and XPO could intensify.
Zacks Adds Five Stocks to Strong Buy List on June 18
Zacks Investment Research added five stocks to its Zacks Rank Number 1 Strong Buy list on June 18. TWFG saw its current-year earnings consensus estimate rise 9.7 percent over the last 60 days, XPO's estimate increased 8 percent, Murphy USA's estimate jumped 26.7 percent, Flywire's estimate surged 236.7 percent, and Kiniksa Pharmaceuticals International's estimate climbed 13.8 percent.