XPO, Inc provides North American LTL operating data for November 2023

XPO reported certain preliminary LTL segment operating metrics for November 2023. LTL tonnage per day decreased 0.4%, vs. November 2022, attributable to a year-over-year increase of 3.8% in shipments per day and a decrease of 4.1% in weight per shipment. CEO Mario Harik said, “We’re continuing to make good progress on a number of fronts in Q4 despite the soft freight market. November was our eighth consecutive month of year-over-year growth in shipments per day at a 3.8% increase. And our yield ex-fuel growth is tracking ahead of expectations for the quarter, with continued strength heading into 2024. There’s a strong correlation between these operating gains and our strategy to become the industry’s best service provider. By enhancing our service quality, we’re increasing our yield and can capture more profitable share when industry tonnage rebounds. Through the first two months of this quarter, we continued to improve our damage frequency to a new company record.”