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 Q1 2023

Earnings data Q2 2023

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) today announced that Drew Wilkerson, chief executive officer, Jamie Harris, chief financial officer and Jared Weisfeld, chief strategy officer, will participate in the following investor conferences: Event: Raymond James 44th Annual Institutional Investors Conference in Orlando, Fla. Presentation: Monday, March 6, 8:05-8:35 a.m. EST Event: J.P. Morgan 2023 Industrials Conference in New York, N.Y. Presentation: Wednesday, March 15, 8:00-8:40 a.m.

RXO Announces Participation at Upcoming Investor Conferences

RXO, Inc. (NYSE:RXO ) Q4 2022 Earnings Conference Call February 8, 2023 8:00 AM ET Company Participants Drew Wilkerson - Chief Executive Officer Jamie Harris - Chief Financial Officer Jared Weisfeld - Chief Strategy Officer Conference Call Participants Stephanie Moore - Jefferies LLC Ken Hoexter - Bank of America Merrill Lynch Scott Group - Wolfe Research Scott Schneeberger - Oppenheimer & Co. Thomas Wadewitz - UBS Allison Poliniak - Wells Fargo Securities LLC Brian Ossenbeck - JPMorgan Chase & Co Jack Atkins - Stephens Inc. Jordan Alliger - Goldman Sachs Group, Inc. Bascome Majors - Susquehanna Financial Group Operator Welcome to the RXO Q4 2022 Earnings Conference Call and Webcast. My name is Michelle, and I will be the operator for today's call.

RXO, Inc. (RXO) Q4 2022 Earnings Call Transcript

CEO Drew Wilkerson of transport company RXO Inc. said Wednesday that customers have told him restocking activity should resume in the second half of the year after several quarters of destocking bloated inventories. Wilkerson said the conversation with customers has shifted from where it was six to nine months ago, where much of the discussion centered on destocking.

RXO chief sees signs of restocking activity in 2nd half

In its first quarterly report since being spun off in November from XPO Inc., transportation company RXO Inc. on Tuesday reported adjusted diluted earnings per share of 28 cents in the fourth quarter on revenue of $1.1 billion. Revenue for the same period of 2021, when RXO's businesses were still part of XPO (NYSE: XPO), was $1.3 billion.

RXO posts EPS gains, decline in revenue for Q4

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #nyse--RXO (NYSE: RXO) today announced its financial results for the fourth quarter of 2022. Drew Wilkerson, chief executive officer of RXO, said, “We're proud of what we were able to accomplish in our first quarterly report as a standalone company, despite the dynamics of the current freight cycle and the challenging macroeconomy. We achieved record volume in our brokerage business, with volume growth of 4 percent year-over-year in the quarter.

RXO Delivers Strong Fourth Quarter Driven by Brokerage Volume Growth

Transportation company RXO Inc. said it has expanded its carrier loyalty program to include discounts on hotels, subscriptions to ad-free music station Sirius XM, as well as access to load boards. The program, called RXO Extra, was announced Wednesday and builds on an initiative launched in September 2019 when the company's portfolio was part of XPO Inc. (NYSE: XPO).

RXO expands carrier loyalty rewards program

CHARLOTTE, N.C.--( BUSINESS WIRE )--RXO (NYSE: RXO) today launched RXO Extra™, an expanded suite of exclusive partnerships and discounts that incent carriers with key cost-savings that help grow their business. Through RXO Extra, carriers can save money on fuel, maintenance, tires, retail and more. These offerings are easily accessible on a streamlined online marketplace—bolstering carrier loyalty, RXO Connect™ adoption and shipping capacity for customers.

RXO Announces Launch of RXO Extra™, the Company's Expanded Carrier Rewards and Online Marketplace

An expected ongoing decline at the macroeconomic level will continue to weigh on the trucking industry in 2023. With the sector currently undergoing cyclical freight pressures, the short-term outlook for RXO remains subdued.

RXO Inc: Near-Term Headwinds Could Provide Better Entry Point

CHARLOTTE, N.C.--( BUSINESS WIRE )--RXO (NYSE: RXO) will hold its fourth quarter conference call and webcast on Wednesday, February 8, at 8 a.m. Eastern Time. The company's results will be released after market close on February 7 and made available on www.rxo.com.

RXO Schedules Fourth Quarter Investor Conference Call for Wednesday, February 8, 2023

CHARLOTTE, N.C.--( BUSINESS WIRE )--RXO (NYSE: RXO) has won Dow's Above and Beyond Award for the stellar work of its managed transportation team throughout the summer of 2022. Over a six-week period in June and July, RXO worked swiftly to manage Dow's operations at a shared warehouse facility in Louisville, KY – tracking inventory, processing bills, managing inbound and outbound deliveries and guiding a warehouse management system conversion.

RXO Wins Dow Above and Beyond Award for Managed Transportation Performance

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RXO became a publicly traded company Nov. 1 after its spinoff from XPO Logistics, and Wall Street will be getting ready for its first earnings report and possible conference call as a stand-alone company, even as more data about the company emerges. Jefferies & Co. this week released a report that initiated coverage of RXO at a “buy” rating, with a price target of $25 a share.

RXO's Q3 full-quarter earnings reported to SEC; Jefferies gives ‘buy' rating

video-js.video-js.vjs-fluid:not(.vjs-audio-only-mode) {padding-top: 56.25%;} Shippers and carriers interact with the market differently, but one thing has become clear over the past few years: Contracts and dedicated lanes allow both parties to gain stability in an unpredictable landscape. Accessing those contracts and making them work, however, can be difficult.

RXO makes dedicated freight accessible, desireable for shippers and carriers

At the beginning of the month the nation's fourth-largest truckload broker stepped out on its own. RXO, a tech-enabled brokerage and logistics platform with more than $5 billion in annual revenue, separated from the remaining pieces of a once multimodal transportation and logistics behemoth.

Truckload broker RXO ready to take on market alone

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Earlier this month, XPO Logistics spun off its brokerage segment RXO Inc. RXO is one of the largest truck brokerage firms in North America, benefiting from very strong secular growth, and its own ability to outperform its industry.

RXO Inc. - A (Bullish) Early Look

XPO Logistics announced Tuesday that it has completed the spinoff of brokerage operation RXO Inc. The separation creates two independent, publicly traded companies.

Done deal: XPO completes spinoff of brokerage unit RXO

RXO Completes Spin-Off from XPO

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