Xpo Inc - XPO STOCK NEWS

XPO (NYSE: XPO) announced that two of its leaders, Olivia Raymond and Jamie Sheffield, have been named '2025 Top Women to Watch in Transportation' by the Women in Trucking Association. Olivia Raymond, senior director of engineering and the project management office, has over 15 years of experience and leads high-impact initiatives focusing on technological innovation and operational excellence. Jamie Sheffield, director of strategic business development, has been recognized for her role in driving growth of XPO's Premium Services and building strong client relationships.

The recognition, awarded by the Women in Trucking Association, honors women who have made significant contributions to the transportation industry and demonstrated commitment to advancing gender equality within their companies and across the industry.

XPO (NYSE: XPO) has announced a new $750 million share repurchase authorization approved by its Board of Directors. The program replaces the previous February 2019 plan, which had $503 million remaining as of March 26, 2025.

The repurchase plan, effective immediately, allows for stock buybacks through various methods including a 10b5-1 trading plan, open market purchases, and privately negotiated transactions. The timing and volume of repurchases will be determined by factors such as price, market conditions, and funding considerations. The company maintains flexibility with no obligation to repurchase a specific number of shares and can suspend or discontinue the program at any time.

XPO (NYSE: XPO) has been named to Fortune's Most Innovative Companies list for 2025, standing as the only pure-play LTL carrier recognized. The company demonstrated excellence across three key innovation categories:

In innovation culture, XPO achieved record service quality levels in 2024, including the lowest damage claims ratio in company history and 11 consecutive quarters of on-time service improvements. For process innovation, XPO efficiently transports 18 billion pounds of freight annually using AI and proprietary technology, supported by 23,000 employees and 300+ service centers.

Under product innovation, XPO expanded its network with 25 new service centers and launched Premium Services for complex shipments. The company operates one of the industry's most technologically advanced fleets, including custom-manufactured trailers. Fortune's recognition was based on Statista's assessment of over 10,000 US companies, incorporating feedback from 40,000 survey respondents and 2,500 industry experts.

XPO (NYSE: XPO), a leading freight transportation provider in North America, announced that three of its leaders have been named 2025 'Pros to Know' by Supply & Demand Chain Executive Magazine (SDCE), marking the fifth consecutive year of XPO employee recognition by the publication.

The honored leaders include:

• Maura Holcomb (Rising Star) - Vice President of Enterprise Sales
• Rob Harding (Top Transportation Innovator) - Senior Director of Quality
• Shawn Besharse (Leaders in Excellence) - Vice President, Gulf Region

CEO Mario Harik praised the recipients for their dedication to delivering world-class customer service and supporting colleagues, highlighting their contribution to XPO's competitive advantage.

XPO (NYSE: XPO), a leading North American freight transportation provider, has released preliminary LTL (Less-Than-Truckload) operating metrics for February 2025. The company reported a decline in key performance indicators, with daily LTL tonnage decreasing by 8.1% compared to February 2024. This decline was attributed to a 6.2% decrease in daily shipments and a 2.0% reduction in weight per shipment.

CEO Mario Harik noted that February's volume performance exceeded seasonal expectations compared to January, and highlighted a favorable industry pricing environment. The company maintains its focus on driving sequential pricing growth throughout 2025 to support its margin outlook.

XPO reported strong financial results for Q4 and full year 2024. Q4 diluted earnings per share from continuing operations increased to $0.63 from $0.49 in 2023, while adjusted diluted EPS rose to $0.89 from $0.77. Full-year 2024 diluted EPS reached $3.23, up from $1.62 in 2023.

The company's Q4 revenue was $1.92 billion, slightly down from $1.94 billion in 2023, primarily due to lower fuel surcharge revenue. Operating income improved to $148 million, up from $119 million. The North American LTL segment saw yield growth of 6.3% excluding fuel, despite decreased shipments and tonnage per day. Adjusted EBITDA for Q4 2024 was $303 million, including a $34 million real estate gain.

For the full year 2024, XPO achieved a 27% increase in adjusted EBITDA and 31% growth in adjusted diluted EPS compared to 2023.

XPO (NYSE: XPO) announced that 246 professional truck drivers achieved significant safety milestones in 2024, collectively driving over 308 million consecutive accident-free miles. The achievements include:

- 199 drivers reaching one million accident-free miles
- 35 drivers surpassing two million miles
- 9 drivers achieving three million miles, including the company's 100th driver to reach this milestone
- 3 drivers attaining four million accident-free miles

The three four-million-mile achievers - Dale Williams, Doug Phelps, and Darrell Thompson - have a combined 116 years of accident-free driving at XPO. Their achievement equals driving to the moon and back over eight times.

XPO (NYSE: XPO), a leading North American freight transportation provider, has renewed its platinum partnership with Truckers Against Trafficking (TAT) for 2025, marking the fifth consecutive year of collaboration. The partnership focuses on educating and empowering transportation industry members to combat human trafficking. Nearly 6,000 XPO employees across the United States have received training to recognize and report suspected human trafficking incidents.

The renewal announcement coincides with National Human Trafficking Awareness Month, highlighting the importance of public resources like the National Human Trafficking Hotline. Truck drivers' reports have been instrumental in rescuing survivors and disrupting trafficking networks nationwide.

XPO has announced its upcoming fourth quarter 2024 earnings conference call and webcast, scheduled for Thursday, February 6, 2025, at 8:30 a.m. Eastern Time. The company will release its financial results earlier that morning on their website www.xpo.com.

The conference call will be accessible via toll-free numbers for US/Canada (1-877-269-7756) and international callers (+1-201-689-7817). A live webcast will be available on XPO's investor relations website. The company will make a replay available until March 8, 2025, accessible through dedicated phone numbers and passcode 13750889.