XPO just shattered records in Q2 2026, posting record revenue, adjusted EBITDA, and earnings per share—even without real estate gains. Their North American LTL division surged with 36% operating income growth on a 15% revenue lift, while their adjusted operating ratio dropped below 80% for the first time ever. Powered by tech and disciplined operations, XPO’s damage claims ratio hit a new low, and their network expansion—30% more trailers, 20% more tractors, 15% more dock doors—positions them to handle rising demand without sacrificing service. Behind the scenes, AI-driven trailer loading cut damages by 50%, route optimization boosted stops per hour, and workforce tech boosted productivity by 2.5 points. With sights set on a low-70s annual LTL operating ratio and billions in free cash flow ahead, XPO’s strategy is firing on all cylinders.
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