RXO Inc

RXO, Inc. provides asset-light transportation solutions. It offers managed transportation, freight forwarding and last mile delivery. The company was founded on May 5, 2022 and is headquartered in Charlotte, NC.

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

RXO Inc reports strong Q4 earnings, targets $500M EBITDA by 2027

RXO Inc's Q4 2022 earnings call highlighted robust financial performance, operational efficiency, and strategic growth initiatives, positioning the company for continued success.
While facing challenges such as inflationary pressures and transition agreements, RXO remains focused on capitalizing on opportunities for profitable growth and technological advancement.
Analyst inquiries centered on key performance metrics and growth strategies underscore the market's interest in RXO's operational excellence and future prospects.

RXO Inc excels in Q1 amidst challenges, eyes growth opportunities

RXO Inc delivered strong Q1 results amidst economic challenges, with a focus on profitable growth and technology integration. Despite uncertainties, the company remains confident in its long-term success and readiness for market improvements. Opportunities for growth exist through digital adoption, synergy revenues, and cost efficiency measures.

RXO Inc excels in Q2 2023 despite soft freight market

RXO Inc's Q2 2023 performance showcased resilience and growth amidst a challenging freight market, driven by market share gains and operational efficiency.
The company's strengths in customer relationships, technology, and cost optimization position it well for future growth and margin enhancement.
While facing challenges of uncertain consumer demand and market recovery, RXO's proactive strategies and focus on contracts and spot loads offer opportunities for revenue stability and growth.
Overall, RXO remains confident in its strategic positioning, long-term targets, and ability to drive earnings growth through operational excellence and market adaptability.

RXO Inc reports strong Q3 performance and eyes EBITDA growth by 2027

RXO Inc's Q3 showcased robust performance and strategic initiatives driving growth. While facing uncertainties and margin challenges, the company remains focused on capitalizing on opportunities and adapting swiftly to market shifts.

RXO Inc reports robust 2023 performance amidst market challenges

RXO Inc delivered a strong performance in 2023, focusing on customer service, innovation, and profitability. While facing challenges in market conditions and gross margin compression, the company remains optimistic about opportunities for growth and cost optimization. Investments are evaluated based on ROIC, with a base case assumption for a second-half recovery.

RXO Inc meets Q1 expectations amidst soft freight market, eyes growth

RXO Inc navigated a soft freight market in Q1 2024, delivering adjusted EBITDA in line with expectations. The company's focus on cost optimization, strategic pricing, and strong customer relationships positions it well for future growth.
Despite challenges such as negative cash flow expectations in Q2 and market uncertainties, RXO's proactive cost-saving measures and service quality enhancements are key strengths. Opportunities lie in growing brokerage volumes, LTL improvements, and market recovery optimism.
To sustain growth, RXO must balance cost efficiencies with service quality, navigate market challenges with agility, and capitalize on opportunities like tech capabilities in LTL business. Strategic pricing adjustments and customer trust in RXO Connect platform are crucial for revenue growth.

RXO Inc reports solid Q2 performance and eyes strategic growth

RXO demonstrated resilience and growth across key segments despite market challenges in Q2 2024.
The company's strategic focus on improving profitability and expanding market share positions it well for future success.
Challenges in gross profit per load and volume growth are being addressed with a focus on operational efficiency.
The upcoming quarters show promise for RXO with expected EBITDA growth, strategic acquisitions, and market outperformance.

RXO Inc reports robust Q3 results post Coyote Logistics acquisition

RXO Inc's Q3 performance was marked by strong financial results, successful integration of Coyote Logistics, and growth in key operational segments.
While facing challenges from soft market conditions, RXO is well-positioned to leverage its strengths in customer service, technology, and contract management.
Opportunities lie in realizing cost synergies from the Coyote acquisition, expanding Last Mile services, and capturing new freight management contracts.
Overall, RXO's strategic focus on operational efficiency and growth amidst market challenges sets a positive trajectory for future performance.

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RXO, Inc. engages in providing asset-light transportation solutions. It also offers managed transportation, freight forwarding, and last mile delivery. The company was founded on May 5, 2022 and is headquartered in Charlotte, NC.

Shiplify integrates with RXO Connect™ to provide proactive location data to LTL shippers Shiplify integrates with RXO Connect™ to provide proactive location data to LTL shippers

RXO Partners with Shiplify to Improve Invoice Transparency for LTL Customers

Shares of RXO Inc. NYSE: RXO are up more than 20% on the week, something investors probably didn't see coming out of the ‘boring' transportation sector. This sector is notorious for having a low beta, English for low volatility.

RXO Shares Surge Following New Acquisition Deal

RXO (RXO) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in RXO (RXO): Can Its 23.0% Jump Turn into More Strength?

RXO has a deal in place to buy Coyote Logistics from UPS for $1.025 billion, a discount to the $1.8 billion UPS paid for the asset back in 2015. The deal would create the nation's third-largest freight brokerage, with opportunities for further consolidation from here.

Why RXO Stock Is in the Fast Lane Today

Famed investor Jim Cramer is not all that excited about United Parcel Service Inc (NYSE: UPS) opting to sell its Coyote Logistics business to RXO Inc (NYSE: RXO). Shares of both companies are still up significantly on Monday.

Cramer: UPS stock is ‘hard to own' after selling Coyote Logistics to RXO

RXO (RXO) shares soared in intraday trading Monday, a day after the package delivery firm purchased Coyote Logistics, the third-party asset-light freight brokerage unit of United Parcel Service (UPS), for $1.025 billion in cash.

RXO Surges After Buying Coyote Logistics Unit From UPS for More Than $1 Billion

The transportation giant announced Sunday it had offloaded the third-party logistics provider.

UPS Sells Coyote Logistics To RXO for $1 Billion

United Parcel Service , the world' biggest parcel delivery firm, on Sunday said it would sell its Coyote Logistics business unit to RXO for $1.025 billion.

UPS announces sale of Coyote Logistics unit to RXO for $1 billion

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO) has entered into a definitive agreement to acquire Coyote Logistics, an asset-light freight brokerage business, for $1.025 billion from UPS. This acquisition will enhance RXO's market position, diversify and expand its customer base, and broaden its carrier network. At closing, RXO will be the third-largest provider of brokered transportation in North America. “RXO's highly accretive acquisition of Coyote will immediately increase the scale of o.

RXO To Acquire Coyote Logistics From UPS

ATLANTA--(BUSINESS WIRE)--UPS (NYSE: UPS) announced today it has entered into an agreement to sell its Coyote Logistics business unit to RXO, Inc., for $1.025 billion. “As UPS positions itself to become the premium small package provider and logistics partner in the world, the decision to sell our Coyote Logistics business allows an even greater focus on our core business,” said UPS Chief Executive Officer Carol B. Tomé. Based in Chicago, Coyote Logistics is a leading global third-party logisti.

UPS Announces Sale of Coyote Logistics to RXO, Inc.

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--Drew Wilkerson, chief executive officer of RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, has been named to the Charlotte Business Journal's prestigious Most Admired CEO list for 2024. This recognition highlights Wilkerson's exceptional leadership, strategic vision and commitment to innovation, which has been instrumental in driving RXO's success, even in one of the most challenging freight markets to date. The Most Admired CEO Awa.

RXO CEO Drew Wilkerson Named to Charlotte Business Journal's Most Admired CEO list

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #nyse--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, announced the appointment of Troy Cooper to its Board of Directors. Brad Jacobs, non-executive chairman of RXO said, "Troy's deep understanding of the truck brokerage industry, coupled with his impressive operational and financial expertise, will be tremendous assets to both the RXO board and the company." Cooper is a transportation industry veteran with more than 11 years of experienc.

RXO Names Troy Cooper to Board of Directors

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, won the Top Digital Freight Brokerage Software of the Year award from SupplyTech Breakthrough, a leading independent market intelligence organization. The recognition underscores RXO's commitment to innovation and excellence in the industry through cutting-edge technology and providing customers with unique solutions. “It is an honor to be recognized as industry leaders in technology,.

RXO Wins Top Digital Freight Brokerage Software of the Year Award

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CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, was honored by the Merit Awards today for HR Technology Implementation for the rollout of a new vendor management system. The award highlights the company's commitment to excellence, process automation and risk mitigation. “We are incredibly proud of the hard work the HR and technology teams have put into building and implementing a technology platform to create meaningful efficiencies.

RXO Wins Merit Award in HR

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #nyse--RXO (NYSE: RXO) today announced that Jared Weisfeld, chief strategy officer, will participate in the Wells Fargo Industrials Conference in Chicago, Illinois, on Tuesday, June 11, from 9:45 a.m. until 10:20 a.m. EDT. A live webcast and replay of the presentation will be available at http://investors.rxo.com. About RXO  RXO (NYSE: RXO) is a leading provider of asset-light transportation solutions. RXO offers tech-enabled truck brokerage services together with com.

RXO Announces Participation in Wells Fargo Industrials Conference

Upgraded recommendation from hold to buy on RXO stock due to visibility of recovery and potential growth acceleration. Positive outlook based on sequential improvement in volume and pricing across all segments. Strong management execution and well-positioned to capitalize on the ongoing recovery, driving strong earnings growth.

RXO, Inc.: Upgrade To Buy On Positive Volume And Pricing Outlook

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RXO, Inc. (NYSE:RXO ) Q1 2024 Earnings Conference Call May 2, 2024 8:00 AM ET Company Participants Drew Wilkerson - CEO James Harris - CFO Jared Weisfeld - CSO Conference Call Participants Stephanie Moore - Jefferies Tom Wadewitz - UBS Scott Schneeberger - Oppenheimer Brandon Oglenski - Barclays Ken Hoexter - Bank of America Jason Seidl - TD Cowen Ravi Shanker - Morgan Stanley Jordan Alliger - Goldman Sachs Daniel Imbro - Stephens Inc. Kevin Gainey - Thompson Davis Operator Welcome to the 1Q 2024 RXO Earnings Conference Call. My name is Julie and I will be your operator for today's call.

RXO, Inc. (RXO) Q1 2024 Earnings Call Transcript

RXO (RXO) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to earnings of $0.11 per share a year ago.

RXO (RXO) Reports Q1 Loss, Misses Revenue Estimates

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO) today announced its financial results for the first quarter of 2024. Drew Wilkerson, chief executive officer of RXO, said, “RXO continued to deliver exceptional brokerage volume growth and strong margin performance in the first quarter of 2024, despite persistent softness in the freight market. Our brokerage business achieved double-digit volume growth for the fourth-consecutive quarter, with gross margin of 14.2%. Our complementary services con.

RXO Announces First-Quarter Results, Including Double-Digit Brokerage Volume Growth for Fourth-Consecutive Quarter

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO) today announced that Jamie Harris, chief financial officer, and Kevin Sterling, senior market strategist, will participate in the virtual Oppenheimer 19th Annual Industrial Growth Conference on Monday, May 6, from 9 a.m. until 9:35 a.m. EDT. A live webcast and replay of the presentation will be available at http://investors.rxo.com. About RXO RXO (NYSE: RXO) is a leading provider of asset-light transportation solutions. RXO offers tech-enabled t.

RXO Announces Participation at Oppenheimer 19th Annual Industrial Growth Conference

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RXO (RXO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

News for RXO Inc Stock (RXO)