XPO continues to show margin improvement in its less-than-truckload unit, reporting an 82.7% adjusted operating ratio in the third quarter, 150 basis points better year over year. The company is implementing AI-driven optimization initiatives and has delivered 350 bps of margin improvement over the past two years. XPO expects tonnage to be down in the fourth quarter but yield to be up, with management anticipating a significant outperformance in margin improvement. The company reported adjusted earnings per share of $1.07, ahead of estimates, and consolidated revenue was up 3% year over year. XPO’s stock closed 9% higher on Thursday.

Read more at Yahoo Finance: XPO defies weak LTL demand with margin gains