XPO is the freight company that deliberately got smaller to become easier to understand: after spinning off GXO and RXO, it is mainly a North American LTL and European transportation story.
XPO, Inc. company profile
XPO is now a focused freight transportation operator rather than the broad logistics roll-up it was in the 2010s. The company centers on North American LTL freight, proprietary pricing and routing technology, and European transportation, serving industrial, retail, ecommerce, and manufacturing customers.
| Founded | 2000 |
|---|---|
| Headquarters | Greenwich, Connecticut, United States |
| CEO | Mario Harik |
| Ticker | XPO on NYSE |
| Latest annual revenue | $8.157 billion for fiscal 2025. |
| Latest annual net income | $316 million of GAAP net income for fiscal 2025. |
| Employees | About 37,000 employees as described in XPO investor materials in 2026. |
| Market capitalization | Approximate market capitalization around $22 billion in July 2026; market value changes daily. |
Origin story
The business began in 2000 as Express-1 Expedited Solutions. Brad Jacobs invested in 2011, renamed the company XPO Logistics, and used acquisitions to scale freight brokerage, LTL, last-mile, and contract logistics. The 2021 GXO spinoff and 2022 RXO spinoff left XPO concentrated on asset-based transportation.
Business model
XPO earns revenue from moving freight through its LTL network, dedicated and truckload-adjacent transportation, brokerage-related services, and European transport operations. Its moat depends on terminal coverage, service reliability, price discipline, trailer and driver productivity, and digital tools used by shippers and dispatch teams.
Financial snapshot
Fiscal 2025 revenue was $8.157 billion, up from $8.072 billion in 2024, while GAAP net income was $316 million. In first-quarter 2026, XPO reported $2.10 billion of revenue and $101 million of net income, with adjusted EBITDA of $319 million.
Strategic context
The current XPO thesis is execution inside LTL: improve service quality, terminal utilization, pricing discipline, shipment mix, and labor productivity while using technology to raise network density. That makes tonnage, yield, claims performance, and adjusted EBITDA margin more important signals than simple top-line growth.
Notable facts
- XPO says it handled about 16 billion pounds of freight annually for approximately 55,000 customers.
- The company operates hundreds of locations across North America and Europe.
- GXO was spun off in 2021 to hold contract logistics, and RXO was spun off in 2022 to hold asset-light brokerage.
- Q1 2026 adjusted EBITDA was $319 million, with North American LTL adjusted EBITDA margin above 26%.
Frequently asked questions
Who is the CEO of XPO?
Mario Harik is chairman and chief executive officer of XPO.
How much revenue did XPO report in 2025?
XPO reported $8.157 billion of revenue for fiscal 2025.
What does XPO do now?
XPO focuses on freight transportation, especially North American less-than-truckload service and European transportation.
What companies did XPO spin off?
XPO spun off GXO Logistics in 2021 and RXO in 2022.
