XPO, Inc.

What the company does

Provides freight transportation services supported by proprietary technology to move goods through global supply chains.
Two reportable segments:
- North American Less-Than-Truckload (LTL): core U.S. business with a large LTL network and related services.
- European Transportation: pan‑European platform offering full truckload, LTL, brokerage, warehousing, managed transportation, last‑mile delivery, freight forwarding, and multimodal solutions.
Services across both segments include dedicated truckload, LTL, full truckload brokerage, warehousing, managed transportation, last‑mile, freight forwarding, and multimodal solutions within a digital ecosystem.

Customers: approximately 55,000 customers in North America and Europe.
Employees: about 37,000 total employees (as of 12/31/2025).
- Regional breakdown: ~22,500 in North America, ~14,400 in Europe, ~400 in Asia; supplemented by ~3,000 temporary workers.
Locations: 592 locations in 17 countries.

Market position: among the largest LTL networks in North America, with about 9% share of the U.S. market (estimated market size about $53 billion in 2024).
Throughput and reach: moved ~16 billion pounds of freight and ~772 million miles in 2025; average linehaul distance about 2.5 million miles per day.
Customer base: serves ~37,000 shippers; geographic density supports on‑time, damage‑free service to ~99% of U.S. ZIP codes; cross‑border services to Mexico, Canada and the Caribbean.
Capacity and growth: added over 2,000 net new doors since Q4 2021; more than 30% excess door capacity; 2025 capex largely allocated to trailers and tractors (about 60% of capex); 2025 capex included >3,600 trailers and >1,200 tractors; average tractor age reduced to ~3.7 years; more than 1,200 tractors purchased in 2025.
Efficiency and pricing: yield growth of 6.0% for the full year 2025 vs 2024; reduced third‑party purchased transportation by over 50% vs 2024; outsourced linehaul miles as a percentage of total linehaul miles declined to 5.1% in Q4 2025.
Technology: AI and data science applied to route optimization, labor planning, and linehaul decisions; XPO Smart® suite of tools used to drive productivity site‑by‑site.

Market leadership: #1 full truckload broker and #1 LTL provider in France and Iberia (Spain/Portugal); in the U.K., market leader in warehousing and a top‑tier dedicated truckload and LTL network.
Services: dedicated truckload, LTL, full truckload brokerage, warehousing, managed transportation, last mile, freight forwarding, and multimodal solutions across Europe.
Sustainability and awards: European business earned the EcoVadis Gold Medal for Corporate Social Responsibility strategy and performance for the second consecutive year.
Board action: previously announced Board authorization to divest the European business remains in effect.

Cloud‑based, scalable ecosystem that standardizes software across the footprint.
North American LTL technology is mission‑critical for pricing, linehaul, pickup‑and‑delivery, and dock operations.
AI and data science are deployed across high‑impact applications to improve profitability, including intelligent automation, dynamic pricing, predictive analytics, and real‑time decision support.
XPO Smart®: self‑adjusting tools that drive productivity in LTL service center operations through analytics and machine learning.

Fleet modernization: tractors with 15‑liter engines and automatic transmissions; aero packages and low‑resistance tires to improve fuel economy; ongoing use of cleaner fuels where practical.
European fleet: >91% Euro 6‑compliant diesel; 280 natural gas trucks in France, the U.K., Spain, and Portugal; fully electric vehicle pilots for last‑mile and regional deliveries; duo‑trailer testing to potentially reduce CO2.
Electric and charging infrastructure: 150+ all‑electric trucks deployed in Europe; more than 350 electric charging stations installed across facilities.
Efficiency and sustainability: LED lighting in facilities; packaging optimization; 86% recycling of trailer materials at end of life.
Global fleet metrics: in 2025, purchased 1,200+ tractors; average tractor age ~3.7 years.

Revenue by geography (share of global revenue in 2025): ~59% North America, ~16% France, ~14% United Kingdom, ~11% rest of Europe.
Customer concentration: globally, top five customers accounted for ~8% of revenue; largest customer accounted for less than 3% of revenue; in North American LTL, top five customers accounted for less than 11% with the largest about 4%.

Growth plan focuses on four levers: best‑in‑class service, expanding network capacity, yield growth, and cost efficiencies.
Significant capital investment to build capacity (trailers and tractors) and to insource linehaul and enhance service centers.
2025 metrics include reduction in outsourced linehaul reliance and investment in AI‑driven productivity improvements.

Safety: Road to Zero program; 2,550 LTL drivers had at least 1 million accident‑free miles; four drivers reached four million accident‑free miles.
Training and development: LTL driver training schools graduated 400+ students in 2025; XPO University delivered over 22,000 programs with more than 380,000 training hours in 2025.
Community and recognition: awards for women and veterans; named “Top Company for Women to Work for in Transportation – Elite 30” (2025); “4 Star Employer” by VETS Index; “Military Friendly Employer – Gold” by Viqtory.
Diversity and inclusion: in 2025, ~60% of new U.S. hires identified as ethnically or racially diverse; ~45% of total U.S. employees were ethnically or racially diverse; 20% of U.S. employees self‑identified as Black or African American; ethnically diverse employees earned 32% of managerial promotions. Representation in leadership and management includes 16% of executive leadership, 29% of professional management, and 33% of operational management; North American professional management positions were 50% women.
Labor relations: no North American employees were represented by a union; 85% of European employees were covered by collective bargaining or similar agreements (consistent with 2024).

Corporate website: www.xpo.com
SEC filings and investor materials are available through the company’s site and sec.gov.