XPO Earnings Jump 31% Despite Revenue Dip in Q4 2024
Fleet Expansion and Efficiency Drive Profit Growth
XPO noted that the revenue decrease was due primarily to a lower fuel surcharge revenue in the North American LTL segment. (Angel Garcia/Bloomberg News)
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XPO Inc. experienced a 31% improvement in earnings year over year despite a slight drop in total revenue during the fourth quarter of 2024, the company reported Feb. 6.
The Greenwich, Conn.-based less-than-truckload carrier posted net income of $76 million, or 63 cents a diluted share, for the three months ending Dec. 31. That compared with $58 million, 49 cents, during the same time the previous year. Total revenue decreased 1% to $1.92 billion from $1.94 billion.
“This morning, we reported a strong fourth quarter with year-over-year earnings growth and LTL margin expansion that outperformed the industry,” XPO CEO Mario Harik said during a call with investors. “I’m pleased wi…
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