XPO Provides North American LTL Operating Data for May 2023
06 Junho 2023 - 8:00AM
XPO (NYSE: XPO), a leading provider
of less-than-truckload (LTL) freight transportation in
North America, today reported certain LTL segment operating
metrics for May 2023. LTL tonnage per day declined 2.3%, as
compared with May 2022, attributable to a year-over-year increase
of 1.8% in shipments per day and a decrease of 4.0% in weight per
shipment.
About XPO
XPO (NYSE: XPO) is one of the largest providers of
asset-based less-than-truckload (LTL) transportation in North
America, with proprietary technology that moves goods efficiently
through its network. Together with its business in Europe, XPO
serves approximately 48,000 customers with 558 locations and 38,000
employees. The company is headquartered in Greenwich, Conn.,
USA.
Forward-looking Statements
This release includes forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements other than statements of historical fact
are, or may be deemed to be, forward-looking statements. In some
cases, forward-looking statements can be identified by the use of
forward-looking terms such as “anticipate,” “estimate,” “believe,”
“continue,” “could,” “intend,” “may,” “plan,” “potential,”
“predict,” “should,” “will,” “expect,” “objective,” “projection,”
“forecast,” “goal,” “guidance,” “outlook,” “effort,” “target,”
“trajectory” or the negative of these terms or other comparable
terms. However, the absence of these words does not mean that the
statements are not forward-looking. These forward-looking
statements are based on certain assumptions and analyses made by us
in light of our experience and our perception of historical trends,
current conditions and expected future developments, as well as
other factors we believe are appropriate in the
circumstances.
These forward-looking statements are subject to
known and unknown risks, uncertainties and assumptions that may
cause actual results, levels of activity, performance or
achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied by such forward-looking statements. Factors that might
cause or contribute to a material difference include the risks
discussed in our filings with the SEC, and the following: economic
conditions generally; the severity, duration and aftereffects of
the COVID-19 pandemic, including supply chain disruptions due to
plant and port shutdowns and transportation delays, the global
shortage of certain components such as semiconductor chips, strains
on production or extraction of raw materials, cost inflation and
labor and equipment shortages, which may lower levels of service,
including the timeliness, productivity and quality of service, and
government responses to these factors; our ability to align our
investments in capital assets, including equipment, service
centers, and warehouses and other network facilities, to our
customers’ demands; our ability to implement our cost and revenue
initiatives; the effectiveness of our action plan and other
management actions to improve our North American LTL business; our
ability to benefit from a sale or other divestiture of one or more
business units; our ability to successfully integrate and realize
anticipated synergies, cost savings and profit improvement
opportunities with respect to acquired companies; goodwill
impairment, including in connection with a business unit sale or
other divestiture; matters related to our intellectual property
rights; fluctuations in currency exchange rates; fuel price and
fuel surcharge changes; natural disasters, terrorist attacks, wars
or similar incidents, including the conflict between Russia and
Ukraine and increased tensions between Taiwan and China; the
expected benefits of the spin-off of RXO, Inc.; the impact of the
prior spin-offs of GXO Logistics, Inc. and RXO, Inc. on the size
and business diversity of our company; the ability of the spin-off
of a business unit to qualify for tax-free treatment for U.S.
federal income tax purposes; our ability to develop and implement
suitable information technology systems and prevent failures in or
breaches of such systems; our indebtedness; our ability to raise
debt and equity capital; fluctuations in interest rates; our
ability to maintain positive relationships with our network of
third-party transportation providers; our ability to attract and
retain qualified drivers; labor matters; litigation; risks
associated with our self-insured claims; risks associated with
defined benefit plans for our current and former employees; the
impact of potential sales of common stock by our chairman;
governmental regulation, including trade compliance laws, as well
as changes in international trade policies, sanctions and tax
regimes; governmental or political actions, including the United
Kingdom’s exit from the European Union; and competition and pricing
pressures. We caution that our operating results for May 2023
are not necessarily indicative of the results that may be expected
for future periods.
All forward-looking statements set forth in this
release are qualified by these cautionary statements and there can
be no assurance that the actual results or developments anticipated
by us will be realized or, even if substantially realized, that
they will have the expected consequences to or effects on us or our
business or operations. Forward-looking statements set forth in
this release speak only as of the date hereof, and we do not
undertake any obligation to update forward-looking statements to
reflect subsequent events or circumstances, changes in expectations
or the occurrence of unanticipated events, except to the extent
required by law.
Investor ContactBrian
Scasserra+1-617-607-6429brian.scasserra@xpo.com
Media ContactKarina
Frayter+1-203-484-8303karina.frayter@xpo.com
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