XPO’s higher Q3 volume, profit powered by SMB, grocery wins

XPO turned wins among small- to medium-sized businesses and in the grocery segment of the less-than-truckload market into higher volumes and profits in the third quarter of 2026, executives said Oct. 29. Greenwich, Conn.-based XPO benefited from improved freight market conditions and customer service, the executives told analysts and investors during the company’s Q3 earnings call. The company’s shipments per day increased 5.8% year over year to 52,988 in Q3 from 50,094 a year earlier. Volume growth remained consistently strong in Q3, Chief Strategy Officer Ali Faghri told analysts, with shipments per day rising 5.9% in July, 5.7% in August, and 5.7% in September. The momentum continued into October, with preliminary shipments per day data showing an increase in the mid-7% range, he added. “We estimate it to be roughly around one-third market and two-thirds us in terms of growth,” CEO Mario Harik said during the call. “What we are seeing here in the back half of the year is continued positivity and year-on-year positive demand from the customers.” XPO reported total revenue of $2.37 billion in the most recent quarter, a 12.4% increase compared with the year-ago period’s $2.11 billion. The company’s LTL division posted a 17.4% year-over-year increase in revenue to $1.47 billion in Q3 from $1.26 billion a year earlier. The unit, the company’s largest, saw a 36.5% jump in operating profit in Q3 to $284 million from $208 million. XPO Quotes by TradingView See more transportation stock listings Overall, XPO’s profit in the most recent quarter more than doubled to $181 million from $82 million in…

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