XPO Tonnage Rose as LTL Shipments Improved
XPO reported 594 operating locations in May, up from 592 earlier this year.
XPO (XPO), the freight transportation company, said North American less-than-truckload tonnage per day rose 0.5% in May as shipment growth offset lighter average loads.
The May reading marked a continued improvement from February, when daily tonnage rose 0.2%. Shipments per day increased 3.3% in May, compared with 3.0% in February, while the decline in weight per shipment narrowed slightly to 2.7% from 2.8%.
The improvement also outpaced XPO's full first-quarter trend. North American LTL tonnage per day had risen 0.1% in the quarter, with shipments per day up 3.0% and average weight per shipment down 2.8%.
The sharper inflection came against a weaker late-2025 comparison. In the fourth quarter, tonnage per day fell 4.5% and shipments per day declined 1.6%, while weight per shipment was down 3.0%.
May's mix showed that XPO was handling more shipments even as shipment size remained lower. That pattern kept tonnage growth modest, with shipment count carrying the gain and weight per shipment still negative.
The company's disclosed operating footprint increased to 594 locations from 592 in its February and fourth-quarter releases. XPO's disclosed customer count and employee base remained unchanged at 55,000 customers and 37,000 employees.
XPO did not provide revenue, earnings or guidance in the May operating update. The reported volume trend left the company's North American LTL business entering the summer with positive tonnage growth after a fourth-quarter decline.
Source: company public filings.