XPO gained shipments as peers lost volume, and Bank of America raised its profit estimates as pricing and margins improved. Another analyst cut his target, but the reported operating gains support a positive reading.
The higher estimates reflect XPO winning more shipments as other public carriers lost volume. Better pricing and improving margins also point to stronger operations. XPO also opened 2 service centers, adding capacity to its freight network. Another analyst kept a neutral rating and cut his price forecast, but reported no weaker operating results.
Old Dominion is used as a comparison for XPO’s pricing and margins, but the story reports no new change to Old Dominion’s business.
Saia is compared with XPO on share prices, but the story reports no new change to Saia’s business.
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