XPO, Inc. reported its financial results for the second quarter and first half of 2025, revealing a slight decline in revenue and net income compared to the previous year. For the three months ended June 30, 2025, the company generated revenue of $2.08 billion, virtually unchanged from $2.08 billion in the same period of 2024. However, for the first six months of 2025, revenue decreased by 1.5% to $4.03 billion from $4.10 billion in the prior year. Net income for the second quarter was $106 million, down 29.3% from $150 million in the same quarter of 2024, while net income for the first half of 2025 was $175 million, a decrease of 19.4% from $217 million in the previous year.
The company's financial performance was impacted by several factors, including lower fuel surcharge revenue and a decrease in shipments per day and average weight per shipment in its North American Less-Than-Truckload (LTL) segment. Salaries, wages, and employee benefits increased to $871 million in the second quarter, representing 41.9% of revenue, compared to 41.1% in the same quarter of 2024. Additionally, purchased transportation costs decreased as a percentage of revenue, reflecting a strategic shift towards insourcing a greater proportion of linehaul from third-party providers.
Strategically, XPO completed the acquisition of 28 service centers from Yellow Corporation in December 2023, which is expected to enhance its operational efficiency and expand its network capacity. The company continues to focus on its North American LTL segment, which holds approximately 9% of the U.S. market share. As of June 30, 2025, XPO employed approximately 38,000 individuals and served around 55,000 customers across 608 locations in 17 countries. The company has also been investing in technology to optimize its operations, including artificial intelligence applications aimed at improving profitability.
Looking ahead, XPO anticipates continued challenges in its North American LTL segment due to market conditions, but remains committed to its growth strategy. The company has authorized a share repurchase program of up to $750 million, with $740 million remaining as of June 30, 2025. XPO's liquidity position remains strong, with $225 million in cash and cash equivalents and $599 million available under its revolving credit facility. The company expects to maintain sufficient liquidity to support its operations and growth initiatives over the next 12 months.
About XPO, Inc.
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