XPO Logistics

Moody’s has raised XPO’s corporate family rating from Ba2 to Ba1 and changed the outlook from “positive” to “stable,” citing sustained margin expansion, stronger earnings and improved credit metrics. Senior secured bank facilities and notes were upgraded to Baa3, unsecured notes to Ba2, and the liquidity rating to SGL-1. XPO reported roughly 10% revenue growth in the first half of 2026, a reduction in adjusted leverage to about 2.8x, and Moody’s sees further debt‑reduction potential (2.6x in 2026, ~2.2x in 2027). Liquidity is supported by revolving credit lines, letter‑of‑credit facilities and cash; a possible sale of the European transport platform could accelerate deleveraging. » More on de.investing.com

XPO has appointed Jonas Svedlund as general counsel effective immediately. He will head legal and compliance, including corporate governance and commercial legal matters. Svedlund joins from Thermo Fisher Scientific, previously held senior legal roles at General Electric, and holds a Juris Doctor from Harvard Law School. » More on de.investing.com

XPO reported adjusted diluted earnings per share of $1.70 for the second quarter versus $1.05 a year earlier, beating consensus estimates by $0.23. Adjusted EBITDA before real estate gains rose 25%, and adjusted diluted EPS increased 56% year over year. The North American LTL segment improved its adjusted operating ratio by 300 basis points to 79.9%, and company revenue was $2.35 billion, up 13% from the prior year; LTL revenue rose 15% to $1.43 billion. The strong results pushed the stock up about 3.3% in pre-market trading and confirmed a price-target upgrade previously raised by Stifel. » More on de.investing.com