Transport Topics (Aug. 7, 2023)
XPO saw second-quarter net income and revenue decline, but the company sees momentum headed into the third quarter. The less-than-truckload carrier on Aug. 4 reported that Q2 net income fell to $33 million, or 28 cents per share, compared with $141 million, $1.23, a year ago. XPO said Q2 net revenue declined 6% to $1.92 billion compared with $2.05 billion a year ago, but noted that revenue inched up 1% compared with Q1 and is showing positive trends early in the third quarter.\nLearn more about your ad choices. Visit podcastchoices.com/adchoices