Greenwich CT second-largest North American LTL carrier (NYSE: XPO) at $8.07B 2024 revenue; acquired 28 Yellow Corp terminals ($870M), LTL 2.0 AI optimization, Q3 2025 EPS beat competing with Old Dominion for LTL freight.
XPO, Inc. is a Greenwich, Connecticut-based less-than-truckload (LTL) transportation company — publicly traded on the New York Stock Exchange (NYSE: XPO) — operating as the second-largest North American LTL carrier with 38,000 employees, 614 service locations operating in 99% of US postal codes, and annual revenue of $8.07 billion as of fiscal year 2024. Originally founded in 1989 as Express-1 Expedited Solutions and transformed by Brad Jacobs starting in 2011 through 17+ acquisitions (including Norbert Dentressangle for $3.56 billion and Con-way for $3 billion in 2015), XPO underwent a strategic refocusing beginning in 2021 by spinning off its logistics business as GXO Logistics and truck brokerage as RXO — leaving XPO as a pure-play LTL carrier. In 2022, Mario Harik (former Chief Information Officer) became CEO, implementing the LTL 2.0 optimization program with AI-driven route optimization and load-building. In 2024, XPO acquired 28 service centers from bankrupt Yellow Corp for $870 million, expanding capacity at below-market cost. In Q3 2025, XPO reported adjusted EPS of $1.07 (beating estimates of $1.02) and revenue of $2.11 billion despite a historically soft freight market.
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