XPO (XPO) Q2 FY26 earnings call

XPO delivered record Q2 FY26 results, driven by strong LTL performance with an adjusted operating ratio below 80% and significant volume acceleration in July. The company's strategic investments in capacity, technology, and service quality are yielding substantial operating leverage and market share gains, reinforcing confidence in achieving long-term margin expansion and free cash flow generation. The European segment also showed strong growth, with acceleration expected in the second half of the year.