This report does not constitute a rating action. NEW YORK (S&P Global Ratings) Nov. 19, 2024--S&P Global Ratings said today that XPO Inc. ?s third-quarter results and revised full-year planning assumptions remain in line with previous credit metric expectations for 2024 and the scale of credit metric improvement is somewhat softer in its revised forecast for 2025. Credit metrics continue to improve against the weak demand backdrop due to progress on cost savings. XPO made progress on insourcing its outsourced third-party line haul in the North American less-than-truckload (LTL) segment. The company, which has opened 21 of the 28 acquired Yellow terminals acquired late 2023, expects that once all facilities are opened (likely by early 2025) it will have excess
