In the second quarter of 2025, XPO reported revenue of $2.08 billion, maintaining the level of the previous year. Operating income was $198 million, net income was $106 million (versus $150 million a year earlier, when the company received a one-time tax effect in Europe). Diluted earnings per share decreased to $0.89, but the adjusted figure was $1.05 and exceeded expectations. Adjusted EBITDA reached $340 million, almost the same as last year ($343 million).
The key driver was operations in the LTL segment in North America: despite a decrease in tonnage and the number of shipments, the company achieved a 6.1% increase in yield excluding fuel and increased revenue per shipment by 5.6%. At the same time, transportation costs were reduced by 53% due to a record share of domestic shipments. This allowed the adjusted operating ratio to improve to 82.9% – the best indicator in the industry.
In Europe, XPO increased revenue to $841 million (+4% year-on-year), maintaining profitability, and corporate costs decreased. CEO Mario Harik noted that the company “continues to outperform the market, strengthening service and margins,” and the current strategy will allow for long-term profitability growth.