XPO posts record Q1 2022 earnings results

Quarterly revenue—at $3.47 billion—increased 16% annually an 41% compared to the first quarter of 2020, representing the fifth straight quarter XPO’s revenue has set a new record. EBITDA—at $321 million—also set a new record, while posting a 15% annual gain (full-year 2022 EBITDA guidance issued by XPO now stands at $1.35 billion-to-$1.39 billion), and adjusted earnings per share—at $1.25—marked the highest for any first quarter in company history, topping Wall Street estimates, at $0.93. Operating income—at $625 million—was up 22%. XPO said that quarterly revenue included the recent sale of its intermodal business to STG Logistics.

source https://www.supplychain247.com/article/xpo_posts_record_q1_2022_earnings_results

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How Modern Logistics Companies Turn COVID Chaos into Long-Term Business Efficiency

COVID persists and supply chain operations are not expected to break from the current mode of remote workforce operations, however, smart operators are creating new opportunities by adopting forward-looking TMS solutions. source https://www.supplychain247.comhttps://www.supplychain247.com/article/logistics_companies_turn_covid_chaos_into_long_term_business_efficiency

FTR’s Shippers Conditions Index falls to a new record low reading

The February SCI came in at -17.9, down from January’s -10.1, topping March 2021 as the “toughest month to date for shippers,” noted FTR. But that comes with the caveat that February’s record is not likely to be lasting, with March expected to record an even lower reading, it said, stating that some rate relief will not nearly offset a surge in diesel prices. source https://www.supplychain247.com/article/ftrs_shippers_conditions_index_falls_to_a_new_record_low_reading

2023 General Rate Increase Guide for FedEx & UPS Shipping

source https://www.supplychain247.comhttp://www.supplychain247.com/paper/2023_general_rate_increase_guide_for_fedex_ups_shipping

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