XPO, Inc. (XPO)

XPO's stock has been impacted by several key events over the past six months. The Q3 2025 earnings report led to a stock surge due to exceeding forecasts. The Q4 2025 earnings report also resulted in a jump in shares. A January tonnage surprise sent shares higher. Analyst updates included a price target increase from BofA Securities and a "Catalyst Call Buy Idea" from Deutsche Bank, while Evercore ISI and Wolfe Research downgraded XPO. The stock has rallied significantly from its 52-week low and was approaching its high as of February 6, 2026.

XPO's products and services experience demand seasonality. The company's North American LTL operations outperformed seasonality in Q4 2025. XPO's initiatives for mix and pricing delivered its twelfth consecutive quarter of sequential growth in revenue per shipment, excluding fuel, suggesting some mitigation of seasonal impacts through strategic efforts. A January tonnage rebound in 2026 highlights the cyclical nature of freight volumes.

XPO, Inc. is an American transportation company specializing in freight transportation services, particularly less-than-truckload (LTL) shipping across North America and Europe. The company's major products and services include LTL shipping, dedicated truckload services, freight brokerage, multimodal solutions, last-mile logistics, and comprehensive supply chain solutions. XPO also provides warehousing and distribution solutions, catering to various industries such as paper and printing, packaging, plastics, food and beverage, chemical and hazmat, medical supplies, pharmaceuticals, retail, and technology and consumer electronics.

XPO, Inc. operates 592 locations globally. In North America, the company provides LTL services covering 99% of U.S. zip codes, and also extends its network to Canada, Mexico, and the Caribbean. In Europe, XPO offers a range of services across 15 countries with 210 sites.

In the past year, XPO has focused on improving its service quality and operational efficiency, which has positively impacted its brand reputation. The company reported an improvement in damage claims and has significantly increased capital investments in its network. The company's focus on technology, including its digital freight marketplace XPO Connect, aims to simplify LTL shipping. Historically, XPO has faced criticism regarding labor practices, but recent reports emphasize the company's commitment to service excellence and continuous business improvement.

XPO, Inc. has a significant institutional ownership presence. As of September 2025, 536 institutional investors held positions in XPO, with institutional ownership at 105.3%. Major institutional owners include Capital Research Global Investors, BlackRock, Inc., MFN Partners Management, LP, Capital World Investors, The Vanguard Group, Inc., Invesco Ltd., Durable Capital Partners LP, and State Street Corp. Individual insider transactions in the past year include Allison Landry selling shares and David Bates buying shares.