XPO beats FedEx Freight & Old Dominion on volume growth – yet the bulls want more

Third-quarter update: XPO grew shipments almost 6% while Old Dominion and FedEx Freight shipped less, and its margins held up far better than the season usually allows, but its headline price growth slowed to 3.6%. Management puts that down to heavier, shorter-haul freight spilling over from a squeezed truckload market and says October pricing is already up 5%; the banks agree on the momentum and Read full article →