![Xpo, Inc. [XPO] reports annual net loss of $189.0 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FXPO.png&w=3840&q=75)
Xpo, Inc. [XPO] reports annual net loss of $189.0 million
Company Reports Revenue of $7.7 billion
XPO, Inc. [XPO] has reported a net loss of $189.0 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $7.7 billion
Based in GREENWICH, Connecticut, XPO, Inc. operates in the TRANSPORT sector.
In the 12 Months Ended December 31, 2023, XPO reported total revenue of $7.744 billion, slightly up from $7.718 billion in the previous year. This increase indicates a steady growth trend in the company's top-line performance.
Costs of goods sold and operating expenses also saw a slight increase in the current reporting period. Salaries, wages, and employee benefits amounted to $3.159 billion, compared to $2.945 billion in the previous year. Similarly, purchased transportation costs were $1.760 billion, up from $1.964 billion, and fuel, operating expenses, and supplies totaled $1.623 billion, an increase from $1.687 billion.
