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Sep 30, 2022
XPO Logistics Q3 2022 Earnings Report
XPO Logistics announced third quarter results with record operating income and growth in North American truck brokerage volume.
Key Takeaways
XPO Logistics reported a strong third quarter, with revenue of $3.04 billion and net income from continuing operations attributable to common shareholders of $131 million. The company saw improvements in tonnage in North American LTL and grew North American truck brokerage volume year-over-year.
Delivered third quarter record operating income, up 65% year-over-year
Improved tonnage in North American LTL each month through third quarter; tonnage inflected positive year-over-year in September
Grew North American truck brokerage volume year-over-year by 9%
Plan for LTL 2.0 is showing tangible results.
XPO Logistics
XPO Logistics
XPO Logistics Revenue by Segment
Revenue by Segment
North American Less-Than-Truckload Revenue
CapyFin.com Forward Guidance
XPO Logistics reaffirmed the following targets for the full year 2022 for the North American LTL business.