XPO's $473 Million Trading Volume Surge Propels It to 270th in Market Rankings

On May 12, 2025, XPO's trading volume reached $473 million, marking a 345.56% increase from the previous day. This surge placed XPO at the 270th position in the day's stock market rankings. XPO's stock price rose by 13.96%.

XPO Logistics reported minimal direct conversion from Less Than Truckload (LTL) to truckload (TL) shipments. CEO Mario Harik noted that while truckload rates are currently lower, this trend might reverse when rates rise. Despite a 5.8% decrease in daily shipments during Q1 compared to the previous year, XPO saw volume growth in the mid to high single digits in its local channel, which is a key focus area for the company.

Harik emphasized that the shift from LTL to TL is not a structural change but rather a response to lower freight rates. He highlighted that LTL remains a significant portion of XPO's business, contributing $1.17 billion to its overall $1.95 billion in revenue during Q1. XPO is the fourth largest LTL carrier by 2024 revenue metrics of $4.9 billion. Harik also noted that the decline in freight volumes and industrial demand over the past few years presents an opportunity for the industry to regain volume as economic conditions improve.