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Sep 30, 2023
XPO Logistics Q3 2023 Earnings Report
XPO Logistics' Q3 2023 results demonstrated solid growth in revenue and profitability amidst a soft freight transportation environment.
Key Takeaways
XPO Logistics reported a 2% year-over-year increase in revenue and a 6% increase in adjusted EBITDA for Q3 2023. The company's North American LTL segment saw improvements in volume, pricing, and labor productivity, contributing to an adjusted operating ratio of 86.2%.
Revenue increased year-over-year by 2% due to higher tonnage per day and yield in the North American LTL segment.
Adjusted EBITDA grew by 6% compared to the same period in 2022.
The adjusted operating ratio for North American LTL improved sequentially by 140 basis points to 86.2%.
Damage claims ratio in North American LTL reached a company-best of 0.4%.
Revenue by Segment
Forward Guidance
XPO expects to further accelerate yield growth in the fourth quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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