XPO Provides North American LTL Operating Data For May 2024, Tonnage Per Day Increased 2.4%, As Compared With May 2023
Portfolio Pulse from Benzinga Newsdesk
XPO reported a 2.4% increase in LTL tonnage per day for May 2024 compared to May 2023, driven by a 3.8% rise in shipments per day and a 1.4% decrease in weight per shipment.
June 06, 2024 | 8:28 pm
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XPO reported a 2.4% increase in LTL tonnage per day for May 2024 compared to May 2023, driven by a 3.8% rise in shipments per day and a 1.4% decrease in weight per shipment.
The increase in LTL tonnage per day and shipments per day indicates positive operational performance, which is likely to have a favorable impact on XPO's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100