XPO continues to execute at the bottom of the cycle. The company again saw margin improvement in its less-than-truckload unit during the third quarter without the help of incremental revenue. The Greenwich, Connecticut-based company’s LTL segment reported an 82.7% adjusted operating ratio (inverse of operating margin) in the quarter, 150 basis points better year over year and 20 bps better sequentially. (XPO normally sees 200 to 250 bps of OR degradation from the second to the third quarter). XPO (NYSE: ...