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XPO Stock Shows Resilience Amid Freight Recession, Potential for Second-Half Growth
XPO Stock Shows Resilience Amid Freight Recession, Potential for Second-Half Growth
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BTCCSquare news:
XPO Logistics (XPO -1.25%), a standout performer in the less-than-truckload (LTL) sector, has quadrupled in value since early 2023 despite prolonged industry headwinds. The company's strategic spinoffs and operational improvements have positioned it for continued growth even as the freight recession lingers.
Second-quarter earnings revealed flat revenue of $2.08 billion, surpassing Wall Street estimates. While North American LTL revenue dipped 2.5%, European operations grew 4.1%. XPO offset a 6.7% tonnage decline with a 6.1% yield increase, demonstrating pricing power through service enhancements like reduced damage claims and improved on-time performance.
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