XPO reported that preliminary August 2026 North American less-than-truckload tonnage per day increased 3.7% from a year earlier, with shipments per day up 5.7% and average weight per shipment down 1.8%. Final July figures showed tonnage per day rising 5.8%, shipments per day up 5.9%, and weight per shipment slipping 0.2%. The wider gap between shipment and tonnage growth in August points to lighter freight, leaving open whether XPO can convert the additional shipments into better network density and fixed-cost absorption without letting extra handling costs dilute margins. In the second quarter, North American LTL revenue rose 15.2% to $1.43 billion, fuel-surcharge revenue climbed to $314 million from $183 million, yield excluding fuel increased 4.4%, and the company-defined non-GAAP adjusted operating ratio improved 300 basis points to 79.9%. XPO said second-quarter LTL earnings benefited from yield, tonnage and productivity, offset by higher fuel costs and wage inflation, and the August statistics are preliminary and may change when final results are reported. Insider Monkey's database showed 59 hedge funds holding XPO at the end of 2Q2026, down from 67 funds three months earlier.
XPO Logistics IncXPO reported preliminary August LTL tonnage per day up 3.7% and shipments per day up 5.7%, indicating stronger end-customer freight demand.
