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

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Earnings data Q4 2023

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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.

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, announced the expansion of its Flex Fleet program, a nationwide drop-trailer solution. The RXO Flex Fleet program allows customers to load and unload on their own schedule. Drivers drop the trailer at a designated location, providing shippers with freight management on their own terms. The capacity also enables shippers to manage seasonal fluctuations or staffing challenges, reducing d.

RXO Adds Drop Trailer Capacity with Flex Fleet Program

CSX Corp.'s stock was up 1.6% in premarket trading on Wednesday after J.P. Morgan upgraded the rail company to overweight from neutral.

J.P. Morgan upgrades CSX and cuts rating on RXO

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #nyse--RXO (NYSE: RXO) will issue its third-quarter financial results before the opening of the New York Stock Exchange on Wednesday, November 8, 2023. The company's results will be made available on www.rxo.com. The company will also hold a conference call at 8 a.m. EST. Conference Call Access Information Live webcast online at: http://investors.rxo.com Call toll-free from U.S./Canada: (+1) 888-259-6580 International callers: (+1) 206-962-3782 Conference ID: 11616211.

RXO Schedules Third-Quarter Earnings and Investor Conference Call for November 8, 2023

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, presented the Oorah Hooah Classic 7-on-7 Football Tournament with the Carolina Panthers on Friday at Bank of America Stadium. The day featured 7-on-7 style football games between active-duty service members from the Army and Marines. More than 50 active-duty service members stationed at Fort Liberty and Camp Lejeune competed on four teams in three games of pool play plus a single elimi.

RXO Presents the Carolina Panthers Oorah Hooah Classic 7-on-7 Football Tournament

RXO, a truckload brokerage company, is facing challenges in the freight market due to economic factors. In Q2 2023, RXO experienced a significant drop in revenues, earnings, and margins. Despite the challenges, RXO's core operations remain healthy, it is gaining market share, and can withstand the market weakness.

RXO: Steering Through The Freight Frenzy

CHARLOTTE, N.C.--(BUSINESS WIRE)--The dedicated transportation business of RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, was recognized as a 2023 SmartWay High Performer by the U.S. Environmental Protection Agency (EPA) in the Truck Carrier Carbon Metrics category. EPA's SmartWay program focuses on producing more efficient and sustainable supply chain transportation solutions. RXO was recognized for achieving efficiency and/or air quality performance within the to.

RXO Dedicated Transportation Named 2023 SmartWay High Performer

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, announced a multi-year partnership with the Carolina Panthers. As the official supply chain and logistics partner of the Panthers, RXO will transport the team's equipment to away games throughout the season. “It's an honor to be aligned with our hometown team,” said Drew Wilkerson, chief executive officer at RXO. “As official logistics partner, we'll efficiently move the Panthers equip.

RXO Named Official Supply Chain and Logistics Partner of the Carolina Panthers

RXO, Inc. (NYSE:RXO ) Q2 2023 Earnings Conference Call August 2, 2023 8:00 AM ET Company Participants Drew Wilkerson - Chief Executive Officer James Harris - Chief Financial Officer Jared Weisfeld - Chief Strategy Officer Conference Call Participants Stephanie Moore - Jefferies Brandon Oglenski - Barclays Ken Hoexter - Bank of America Merrill Lynch Scott Schneeberger - Oppenheimer Ravi Shanker - Morgan Stanley Scott Group - Wolfe Research Allison Poliniak - Wells Fargo Thomas Wadewitz - UBS Jack Atkins - Stephens Jordan Alliger - Goldman Sachs Operator Welcome to RXO Q2 2023 Earnings Conference Call and Webcast. My name is Sylvie and I will be your operator for today's call.

RXO, Inc. (RXO) Q2 2023 Earnings Call Transcript

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, was named to SupplyChainBrain's 2023 Top 100 Great Supply Chain Partners list. SupplyChainBrain, a resource for supply chain management professionals, compiles its list annually based on nominations from manufacturers, retailers and other customers of supply chain services. “I am honored that RXO's customers have nominated us for SupplyChainBrain's list of the industry's top supply cha.

RXO Named Great Supply Chain Partner by SupplyChainBrain

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO) today announced its financial results for the second quarter of 2023. Drew Wilkerson, chief executive officer of RXO, said, “RXO executed well in a soft freight market. In our brokerage business, we continued to gain significant market share and recorded 10 percent volume growth year-over-year. We set several brokerage volume records in the quarter, including total volume, quarterly loads per day and monthly loads per day. Companywide and broker.

RXO Announces Results for Second Quarter 2023, Including Double-Digit Brokerage Volume Growth

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, was named to the 2023 Top 100 3PL Provider list by Inbound Logistics, a leading supply chain and logistics industry publication. “We're honored to be one of the top third-party logistics companies,” said Drew Wilkerson, chief executive officer at RXO. “At RXO, we customize solutions for our customers so they can achieve efficiencies in their supply chains. Our cutting-edge technology a.

RXO Selected as a 2023 Top 100 3PL Provider by Inbound Logistics

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, was named 2023 Best Truck Transportation Solution by the World Future Awards. RXO received the award for its proprietary mobile application, RXO Drive™, which helps truck drivers find freight loads and manage their business from the palms of their hands. The app offers carriers access to freight from a vast network of more than 10,000 shippers, allowing drivers to quickly find availabl.

RXO Wins 2023 World Future Award for Best Truck Transportation Solution

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO) announced several new partnerships that will help truck drivers save money through the company's carrier rewards program and marketplace, RXO Extra™. The added promotions will provide cost-savings to carriers on phone plans, fuel, maintenance, tires, retail and more. The new partnerships and discounts include: AT&T: Discounts on several services such as $10 per month per line on AT&T Unlimited Premium and 25 percent off eligible wireless.

RXO Bolsters Carrier Rewards Program with Several New Partnerships

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO) will issue its second-quarter financial results before the opening of the New York Stock Exchange on Wednesday, August 2, 2023. The company's results will be made available on www.rxo.com. The company will also hold a conference call at 8 a.m. EDT. Conference Call Access Information Live webcast online at: http://investors.rxo.com Call toll-free from U.S./Canada: (+1) 888-259-6580 International callers: (+1) 206-962-3782 Conference ID: 16669759.

RXO Schedules Second-Quarter Earnings and Investor Conference Call for August 2, 2023

RXO has hung on to its BB+ rating from S&P Global, but the outlook on the company has been dropped down one level. RXO, spun off from XPO (NYSE: XPO) last fall, was given a BB+ rating by S&P Global Ratings at the time the brokerage company became a separate entity.

RXO outlook cut to negative but important debt rating not reduced

Management from freight broker RXO said truck capacity is exiting the market but that it isn't willing to speculate on when the next move in the cycle may occur. The industry has seen carriers head for the exits, especially those heavily dependent on what remain depressed spot rates.

RXO continues to perform as cycle inflection lingers

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, announced Drew Wilkerson, chief executive officer, was named Company CEO of the Year by SupplyTech Breakthrough, a leading independent market intelligence organization that recognizes standout technology companies in the supply chain and logistics industry. “Drew's leadership is instrumental in driving RXO's innovation and success,” said Yoav Amiel, chief information officer at RXO. “H.

RXO Leader Named SupplyTech Breakthrough Company CEO of the Year

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO) announced today that it has changed the date of its investor webcast about artificial intelligence and machine learning. The meeting will now be held from 11:00 to 11:45 a.m. EDT on Monday, June 26. The webcast and related materials 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 complementary sol.

RXO Announces Date Change for Investor Webcast About Artificial Intelligence and Machine Learning in the Freight Industry

RXO Inc., the fourth largest broker of full truckload freight transportation in the US, has a positive outlook for 2023 due to strong customer relationships and technological advantages. The company's diversified revenue, proprietary technology, potential for future share repurchases, and M&A contribute to my higher valuation than the current stock price. Despite risks from competition, fuel price increases, and revenue concentration, I consider RXO undervalued with the potential for growth in the coming years.

RXO: Innovative Technologies Supporting Transportation, And Cheap

ANN ARBOR, Mich.--(BUSINESS WIRE)--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, has invested $2.6 million to expand its office in Ann Arbor, Mich. The company also committed to creating 140 new jobs in Michigan. Lou Amo, president of truck brokerage for RXO, said, “We're proud to expand our brokerage presence in Ann Arbor. Our employees help connect shippers with thousands of contract carriers to streamline supply chains. RXO's facilities in Michigan, including o.

RXO Expands Ann Arbor Office

NEW YORK — RXO's chief strategy officer conceded to a conference here that he didn't have much fresh to say in terms of the company's market or overall outlook, but given the relative strength of the 3PL's first-quarter performance, no news remains relatively bullish news. At the UBS Global Industrial and Transportation Conference, a two-day “dog and pony” for money managers eyeing investments in the sector, RXO Director of Strategy Jared Weisfeld said RXO (NYSE: RXO) is sticking to its earlier prediction that it would grow its brokerage volumes in the second quarter on a year-on-year basis.

RXO exec at UBS conference says 3PL's market share still rising

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO) will host a webcast for investors about artificial intelligence (AI) and machine learning (ML) in the freight industry. The meeting will be held from 11:00 to 11:45 a.m. EDT on Tuesday, June 27, and will feature a conversation among Yoav Amiel, Chief Information Officer, Jared Weisfeld, Chief Strategy Officer, and RXO technologists. RXO will discuss how it currently leverages AI and ML across its business, as well as future use cases. The webcas.

RXO To Host Investor Webcast About Artificial Intelligence and Machine Learning in the Freight Industry

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO) today announced that Drew Wilkerson, chief executive officer, and Kevin Sterling, senior market strategist, will participate in the Wells Fargo Industrials Conference in Chicago, Illinois, on Wednesday, June 14, from 3:10 p.m. until 3:45 p.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-ena.

RXO Announces Participation at Wells Fargo Industrials Conference

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO) today announced a partnership with Simplex Group, a leader in compliance, permitting and tax reporting for the trucking industry, to provide essential services to carriers. Simplex services will be housed in the RXO Extra™ marketplace, a suite of exclusive partnerships and discounts that provide independent carriers with cost-savings and tools to help grow their business. “Our partnership with Simplex Group will help carriers remain compliant wi.

RXO Expands Carrier Rewards Program to Include Services from Simplex Group

On the earnings call Wednesday for publicly traded 3PL RXO, Ravi Shanker of Morgan Stanley asked the question that lingered after the upbeat statements by company management: How can this company's leaders be so optimistic? Shanker is one of the network of transportation analysts who have sat through one dreary Q1 earnings call after another, with executives across the spectrum all talking about the “soft” market — a four-letter word that has come up on virtually every call — and forecasts that were optimistic based on the notion that things couldn't keep getting worse in freight markets from the perspective of brokers and carriers.

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