XPO reported a January tonnage surprise on Thursday, sending shares more than 11% higher in early trading. A modest uptick in demand from the less-than-truckload carrier’s manufacturing customers combined with in-house growth initiatives resulted in no change to tonnage during the month. That ended an 18-month stretch of year-over-year declines. Manufacturing data released on Monday showed industrial activity turned positive for the first time in 12 months. The Purchasing Managers’ Index registered a 52. ...