That said, we lowered our revenue forecast for the company to a 4.5%-5.5% increase in 2024 (from a 10%-12% expansion previously). In our revised full year forecast we assume slightly better-than-expected pricing (gross revenue per hundredweight excluding fuel of about $23.65, up from $23.30) which is offset by lower shipments per day (about 52,500, down from 55,500), slightly lower weight per shipment (1,350 pounds, down from 1,365 pounds) and lower fuel surcharge revenue ($820 million-$840 million, down from $900 million) in the North American less-than-truckload (LTL) segment. We continue to expect the company will increase the revenue from its European transportation segment by 3%-5% in 2024 on steady demand as it improves its pricing and volumes. We now expect XPO's
