XPO expects $35M Q3 charge from legacy Con-way litigation

XPO, Inc.

Charge of ~$35M in Q3 2025 for allocated defense and indemnity costs from Allianz litigation.
Litigation stems from legacy truck manufacturing business sold by Con-way in 1981, pre-XPO acquisition.
Trial to allocate insurance costs occurred early October 2025; final judgment not yet entered.
Charge includes costs already incurred by Allianz and estimated future costs.
XPO assumed responsibility for this matter through its 2015 Con-way acquisition.

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