XPO Logistics Q2 2022 Earnings Report

XPO Logistics announced second quarter 2022 results, reporting record revenue, net income from continuing operations, and adjusted EBITDA. The North American LTL operating ratio improved to 82.5%, and the adjusted operating ratio improved by 70 basis points year-over-year to 80.4%. North American truck brokerage year-over-year volume growth reached 16%, and net leverage was reduced to 1.8x.

Key Takeaways

XPO Logistics reported a strong second quarter 2022, with revenue increasing to $3.23 billion and net income from continuing operations reaching $141 million. The company achieved record adjusted EBITDA and improved its North American LTL operating ratio. XPO Logistics raised its full year targets for adjusted EBITDA, adjusted diluted EPS and free cash flow.

Reported record second quarter revenue, net income from continuing operations and adjusted EBITDA.

Improved North American LTL operating ratio to 82.5%, and improved adjusted operating ratio by 70 basis points year-over-year to 80.4%.

Achieved North American truck brokerage year-over-year volume growth of 16%.

Reduced net leverage to 1.8x.

Total Revenue

$3.23B

Previous year: $5.04B