Hi,
you can send two kind of "information" through xbees....
First one, the simpler, any kind of data, in form of text, through the serial port of one xbee to the serial port of the other xbee.
Second one, non simple but more customizable, you can use the analog pins of xbee, via internal ADC converter, to read analog signals (tensions or, by shunt resistors, currents). In this mode you can read the inputs when you want by transmit a "read command" from the master xbee to the remote one. Or you can programme the remote xbee to send to the master readings over a specified interval.
I hope this is useful for you...
Best,
Matt