Brad. Thanks,
many with our the company, moving speed marking see milestones across full numbers, we’re As I in initiatives review ahead you’ll with tech-driven progress QX. that our
We’re for deliver today confident time. these our over will benefits both initiatives and significant that shareholders
In are we contract the trends market year, of I’ll on grew sluggish demand. renewals a of the saw X%. and by half despite with growth excluding X.X%, rose start fuel. LTL, numbers focus these reflecting pricing. business you in profit of quarter North the through strong first unit, transportation continuation strategic third drove by by our our walking beginning we rational segment. Yield Both Price increases the American
sector customers, our many industrial consistent lower the macro remained our contrast, for sector. the per per industrial weight steady. Tonnage of for declined X.X% weight U.S. By consumer backdrop was shipment This by year-over-year. the by with driven shipment customers for in
operating Our points ratio basis improved by XX.X%. adjusted to XXX
Excluding to our gains basis adjusted last, improved OR both year by points sales XXX of on XX.X%. real this and estate
said, Brad pricing it’s yield and cost quarter our adjusted well control. ever. as brokerage, Tech-driven as best are Within reflects third optimizations remaining volume on improvement contribute As tight in while these OR labor disciplined beginning our continued in The freight to this we ratio drove margin. results. improvement on to
mirrors XX% brokerage declined freight by line Our top which year-over-year, QX.
brokerage Excluding largest just the brokerage our by underlying reduction with declined in revenue freight business customer, our our X%.
as load XX basis truck revenue count In net rates market freight Our an decline the in which eased specifically, X%, improvement to across XX% our QX. moderated contractual and from is declined points margin by stabilized. brokerage brokerage to spot the
customer, our brokerage percentage share. was excluding high more acceleration an a points Importantly, better, and significant count is in This load the our business in XX QX largest in with gain teens. growth from reflects our than
strongest brokerage source truck continuing market. capacity September than procured terms month of the quarter the quarter, we X% We’re the trends. and at than to the truckload third prices the net both at year-over-year DAT benchmark. better for capacity in the In better revenue in was about revenue
competitively, Our carriers. and to our customers deliver marketplace source enhancing create digital for an and value is our appealing compelling ability freight user experience
to in last of overall core heavy and as to QX. business, the excluding last We mile our operation. reflects mile declined injection, Revenue XX% accelerated impact winding growth down Turning postal X% injection goods business revenue we the grew revenue our This postal year-over-year. due our in margin recent we our postal business as onboarded business for injection discontinued in increased Net primarily margin year-over-year last mile increased as business. and goods year mix earlier our quarters. core heavy in we new to sharply
business Given wins, our to quarter. new fourth growth the we continue revenue into organic mile expect last recent
earlier, of managed remains fastest-growing and business of sales transportation our strong in QX one mentioned the posted lines we growth As company. at
responsible of a X.X% the about Our European decline. business X percentage was had transportation points for revenue of in quarter. the FX decline
Europe is currency relatively a were local trends solid quarter-to-quarter, tough revenue in a Transportation in measured backdrop. consistent accomplishment in which
in growth and the UK Spain. the generate to most continued We
last X.X%. margin $X rose was little EBITDA our FX down percentage Looking transportation than segment by adjusted point. was overall, up points constrained basis less a adjusted X improved this profitability mile. XXX by American LTL, EBITDA XX.X%, by driven million number about and across transportation revenue or to And North managed but in X.X%,
Turning as strong If the and In segment. our as had revenue exclude Europe, about revenue our our ongoing strength a we with well aerospace. peak logistics North beverage impact America, consumer-packaged In food and underlying reflected customer, X negative X.X%. largest X% logistics about growth of to percentage a our X%. in points. was up business revenue America in to growth FX logistics declined North goods
in strongest Once our again, was e-commerce vertical European logistics.
more by e-fulfillment the basis to exclusion believe growth for EBITDA and provider whole EBITDA. items EBITDA X.X%. the of our Europe. downsizing these of of that year-over-year largest on our as Adjusted in points frames continuing logistics XXX in as quarter, of approximately logistics FX the We’re in combined largest impact We the to outsourced margin customer underlying build the cost position logistics our a adjusted XX% market-leading The and million of $XX accurately rose us rose business.
and shared excited our remain our brings customers We best and the both about from platform. supply Direct seeing share our we’re of together our current prospective its outlook. capabilities, chain and transportation distribution the optimism for growth offering This growth XPO
quarter. decline a improving year-over-year, X.X% from second declined wins business the in X.X% New
billion third our and Year-to-date, by down quarter. North the sales in new in the above Companywide, $X remains up a business mid-single Europe. similar pipeline for wins are digits America consecutive rate in
at have off that We for we new an important rebounds. expect business pay the table the seat to macro opportunities when
program. reflecting million ago, $XX our debt on to in rose million a earlier the income year share to $XX now buyback Moving from statement. the year Interest our expense issuance fund
rate effective and to an XX%, between a of improved expectation rate foreign to prior which ago primarily recognized. currency due full tax year for year now is expect below XX% losses XX%. XX% from Our tax to XX.X% XX% XXXX We our effective
million average Our weighted count XX, shares share September compared on XXX a ago. million was XXX year diluted with
reflects activity. in total change price million our was There an as we’ve the back QX. buyback bought of December, program at The of in $XX.XX cost shares year-over-year decrease we repurchase billion. no average we share a shares for didn’t launched any $X.X Since XX.X meaningful quarter-to-quarter,
Our $X.XX, per year from $X.XX up earnings diluted a share was ago.
adjusted a Our $X.XX to year ago. EPS $X.XX diluted from rose
prove for the to was the Our to from in quarter $XXX adjusted should flow and buyback for operations activity year. million EPS compared Cash was million $X.XX continue accretive $XXX QX accretive nicely a to ago. year
$XXX office of discussed year a earnings ago. equipment. Gross from million million remainder from million capital million real of We from year on million capital sales $XX came the sale call. Portland estate last and assets property from from million had expenditures flow in $XXX million, a Net a increase ago. expenditures in, the million, $XX we $XXX All compared $XXX our year the were $XX ago. cash a was to increased $XXX $XXX sizeable million free with including
$XX a footprint back In at in off a was of to estate. and programs We of The of million the underutilized had space a business, including gain. from resulted million the sold in an rent. of appropriate our million this of the attractive booked of $XX quarter. in in $XX assets total, which gain sale quarter sale $XX gain benefit of we to receivables on We related Portland million sequential LTL of real million. flow leased most trade $XX free more a Portland cash
million to year, to to expect of these million. flow benefit full incremental free the continue we programs For an to $XXX $XXX deliver cash
speed independent to some of XXXX, opportunity $X mentioned, largely Now XX potential are I represent macro. all growth bring billion profit want $XXX up profit a the we on which initiatives They underway. million you to to the key by of of of
We've to a about some important organization. our number I'll of structured start organization advantages. context with our technology tech deliver
revenue, We resources of year about First, in a one in with $XX technology. tech innovation approximately as the leader million global a to commitments large largest our we $XXX have industry, invest on investing scale. in in the billion make a
operators our strategy team under across technology Second, our provides feedback and is centralized This constant itself that loops our our embedded while is operations. the engage customers. CIO,
Third, And can multiple the forth, developed because have for our single a way innovations business we as widespread benefits. structured, organization our time. in deploy short can business globally across run entity, a innovations relatively is unit one technology operations is
have success then one We purpose of applied for solutions numerous and great created other in instances with operations.
case optimization in point. tools are Smart XPO a Our
proprietary optimization across and logistics XPO Turning technology. and want our Smart ones operations, and key contract process we're customers, our on our tools, I enabled progress workforce our for initiatives, pricing productivity our the delivery improvement logistics linehaul by are to and digital which Connect LTL deployed network, improvements freight profit advanced marketplace. XPO focus we've with made intelligent They applying XX the automation analytics and for of the pickup machines LTL are our that to the
safety, control, more initiatives. on speed, margins. and of in retail improvements a our advanced offering, quarter, largest delivers for labor valuable deployments accuracy peak. Columbus, warehousing color chain Atlanta, productivity. In as little you Productivity each and this shortages Many where improvements particularly Eastern can supply warehouses such give California critical labor the increased year's and have tight in U.S.’s and wage these significant preparation I'll are our erode Across Northern markets, automation in for of markets Dallas, third labor distribution, Pennsylvania, constraints. cobot in the we holiday inflation
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process. levels the customer Our the in optimize can labor managers day, through enhancing service
warehouse launched tribal XPO reactive we spend of Smart, analytics. through been managing Before and have a we knowledge labor combination
into we moves a average, in gaps are employees on our more warehouses results in performance. increases significant. productivity more and producing deep have engaged LTL and are performance than than we're and of motor XX% docks The per who efficiency Labor real in more X% visibility energized date hour our on time. improvements in solving Now winning to of
to has XX date, rolled in five-site of over months. a underway. XPO to approximately pilot our out XX Smart logistics remaining the in expect North Europe to XXX we've roll next America and the warehouses To it sites XXX
expect all centers and by have XXX In to LTL docks service LTL, approximately year of on technology our American the it in locations end. we've North deployed in XX
satisfaction have and simplifying our also LTL the focused real-time clear XPO LTL We processes analytics, leader tech driving as in with industry. broader the better enhancing customer initiatives positioning innovation on productivity,
cost. their deploy network, saves into is is In handled optimization directly us so and fewer bypass to improvement deeper our in we linehaul, to solid that freight times, third trucks quarter, in go In the saw loads destination. these The which load due linehaul factor the initiatives. time part letting
to requests and service in windows unloading interface learning based traffic use and and we accommodates late breaking loading routing a to manages and on surprises. Our optimization intuitive our of created generally machine pickup adjusts more real our delivery customer histories. predict time, dispatchers for We've customer
enhances piloting Our dispatchers with into this visibility of impact coming route their the XXXX this manage profit of have quarter, technology the to beyond. adjustments, which in visibility most benefit exceptions. We're and
using lanes customers, models On elasticity LTL and current adjust in conditions. front, we're pricing the for to
data market and is algorithms customer price the Our incorporate balance possible behavior to network. past real-time from as dynamics. intelligently goal The and as
For small LTL improved the price used to greatly midsized we've lanes. we software accounts, that to
billion we $X Our local executives half captured of nearly $XX.X convert the billion the can U.S. provide quotes revenue. billion into In LTL the market ability our total we out quotes estimated optimization account revenue which an market quotes than real of Currently, first on in rate the and of XX% of deliver of benefit a on capture time, without prices of share. $X.X quarter freight tools, XXXX, aids less of those to size. our in
As have here. large the EBITDA math opportunity suggests, a we
Moving interface, currently quarter-to-quarter Connect, of downloads interface, you XPO operating on the a for transportation on is shipper registered app and engine, Connect, system a app proprietary from price XPO for our a It's an a over as period doubled marketplace carriers We mobile to with architecture. XX,XXX as digital drivers. called for multimodal Drive many described umbrella know, in carrier truck third row. best freight this with a XPO the have of
performance and transparency pickup which helping a on-time launched strengthen delivery rates. and KPIs, carrier our is initiatives, we've transportation delivers we've improve program, and which service better other electronic overall bounce scoring create encourages and relationships carrier using In carrier And loyalty introduced retention. to and
new a out rolled specifically drivers. for we’ve last Finally, app mile
the company Liaison close, we proud Industrial As global to logistics join that XPO MIT's I'm to first share Program. is
into opportunity It's realize Our customers, providing of an tech. while another connectivity of machine robotics and MIT the collaboration us for node adds of levels with input with our learning. to new future emerging for productivity
proud also the G. partnership We're Komen of our Susan with Foundation.
road Soon, a because you'll against employees resonates a see in with cancer, on fight pink the this central and sporting the to ribbon. trucks is XPO familiar it's cause our our Komen culture. supporting that We're breast corporate
back it take turn operator the questions. I'll and that, With to we'll your
