News / XPO overcomes weak market to post strong Q4 earnings

American road freight operator XPO today posted 6% year-on-year revenue growth for the fourth quarter of last year, despite market challenges faced by the haulage industry.  

The haulage industry has been facing rising overhead costs, driver shortages and reduced demand, which has led to many insolvencies, particularly in the UK and the US. 

XPO said its results “reflect a strong performance in a soft industry environment for freight transportation”. 

Fourth-quarter revenue was $1.94bn, compared with $1.83bn for the same period in 2022, ...