XPO’s management team foresees industrial demand accelerating through the rest of 2026 and into 2027, based on a customer survey. (XPO)Key Takeaways: XPO said July 30 demand from U.S. manufacturers is rising for the first time in three years, helping boost second-quarter shipments, revenue and profit. XPO’s adjusted operating ratio improved to 79.9 as profit rose 52.8% and North American LTL revenue increased 15.2%, signaling stronger freight conditions. Executives expect industrial demand and contract renewals to accelerate through 2026 and 2027 while network investments position XPO for further growth. XPO’s revenue per shipment excluding fuel surcharges rose 2.4% year over year to $335.27 from $327.53.