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2023-06-06 12:32:02 ET XPO ( NYSE: XPO ) has reported certain LTL segment operating metrics for May 2023 as, LTL tonnage/day declined 2.3% , compared with May 2022, attributable to a Y/Y increase of 1.8% in shipments/day and a decrease of 4.0% in weight/shipment. Fo...
GREENWICH, Conn., June 06, 2023 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO), a leading provider of less-than-truckload (LTL) freight transportation in North America, today reported certain LTL segment operating metrics for May 2023. LTL tonnage per day declined 2.3%, as compar...
2023-06-02 07:07:52 ET Bank of America's proprietary bi-weekly Truckload Demand Indicator for shippers' freight demand outlook for three months out decreased 4% sequentially to 42.6 from 44.3 last survey. The reading was down 27% year-over-year and is the 5th lowest level on record for the ...
2023-05-24 11:50:44 ET Summary Transportation has the best value and quality scores in the sector. Other subsectors are overvalued by 22% to 46% relative to 11-year averages. RGI, an equal-weight alternative to XLI. 10 stocks cheaper than their peers in May. This...
2023-05-22 07:46:11 ET Analysts at both Citi and Wells Fargo took a more optimistic view of rail operators on Monday, moving to a bullish stance on Norfolk Southern ( NYSE: NSC ) in particular. Citi analyst Christian Wetherbee upgraded CSX Corp. ( CSX ), Union Pacifi...
2023-05-17 18:00:37 ET XPO ( NYSE: XPO ) on Wednesday priced its $700 million term loan facility, $830 million of senior secured notes due 2028, and $450 million of senior unsecured notes due 2031. The term loan will have an interest rate of SOFR plus 2.00% or alternate b...
GREENWICH, Conn. , May 17, 2023 (GLOBE NEWSWIRE) -- XPO, Inc. (“XPO” or the “company”) (NYSE: XPO) today announced the pricing of its $700 million secured term loan facility (the “Term Loan Facility”), $830 million of Senior Secured Notes due 2028 (the ...
2023-05-17 08:45:05 ET XPO ( NYSE: XPO ) intends to offer through one or more private placements $830M in aggregate principal amount of senior secured notes due 2028 and $450M in aggregate principal amount of senior unsecured notes due 2031. The Notes are being offered in ...
GREENWICH, Conn. , May 17, 2023 (GLOBE NEWSWIRE) -- XPO, Inc. (“XPO” or the “company”) (NYSE: XPO) announced today that, subject to market and other conditions, it intends to offer through one or more private placements $830 million in aggregate principal amount of sen...
2023-05-17 07:53:02 ET Credit Suisse told clients it has “become increasingly cautious on the trucking cycle as low rates persist,” leading its analysts to downgrade of multiple names. “We advocate trimming exposure; we lower our EPS estimates across the board and d...
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GREENWICH, Conn., July 17, 2024 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO), a leading provider of LTL freight transportation in North America, today announced a major expansion of its cross-border service between the US and Mexico with the launch of XPO Mexico+ . The company has added more ...
GREENWICH, Conn., July 09, 2024 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO) will hold its second quarter conference call and webcast on Thursday, August 1, at 8:30 a.m. Eastern Time. The company's results will be released earlier that morning and made available on www.xpo.com . ...