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

RXO reports strong Q1 earnings, anticipates tough Q2 macro environment

RXO's Q1 performance reflects strong revenue and margin growth, driven by its tech-enabled brokerage and Last Mile businesses. While facing challenges in the tough macro environment, the company remains focused on profitable growth and cost optimization. Opportunities lie in continued volume growth, Last Mile EBITDA expansion, and long-term productivity gains.

RXO reports resilient Q2 performance, eyes future growth opportunities

RXO's Q2 2023 performance showcased resilience in the face of market challenges, with strong gross margin and cash flow conversion. The company's strategic focus on market share gains, dynamic pricing, and cost optimization positions it for future growth. Despite near-term challenges, RXO remains cautiously optimistic about the freight cycle inflection and expects continued brokerage volume growth in Q3.

RXO reports strong Q3 performance, eyes sustained growth amidst challenges

RXO's Q3 performance showcased growth in volumes and revenue, despite challenges in margin and profitability. The company's strategic investments and focus on customer solutions position it for sustained volume growth and best-in-class margins, although uncertainties for 2024 remain.

RXO reports historic year with Q4 challenges, expects market recovery

RXO's Q4 performance was impacted by market softening, but it expects a second-half recovery. The company is making investments to optimize cost structure for significant operating leverage and is confident in its long-term recovery.

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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.

RXO Inc. (NYSE:RXO ) Q3 2023 Earnings Conference Call November 7, 2023 8:00 AM ET Company Participants Drew M. Wilkerson - CEO & Director James E.

RXO Inc. (RXO) Q3 2023 Earnings Call Transcript

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, announced today it has earned the 2024 Military Friendly® Employer designation. Institutions earning the Military Friendly Employer designation were evaluated using public data sources and responses from a proprietary survey. More than twelve hundred companies participated in the 2024 Military Friendly survey. “We take our commitment to military members and veterans very seriously,” sa.

RXO Earns 2024 Military Friendly® Employer Designation

PLANO, Texas--(BUSINESS WIRE)--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, celebrated the opening of the company's expanded freight brokerage office in Plano, Texas. “RXO is continuing to grow our footprint across the country, and we're excited that we've more than doubled the size of our brokerage office in Plano,” said Lou Amo, president of truck brokerage for RXO. “This expanded location reflects our commitment to understanding customers' transportation needs.

RXO Opens Expanded Brokerage Office in Plano, Texas

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO) today announced its financial results for the third quarter of 2023. Drew Wilkerson, chief executive officer of RXO, said, “RXO continued to execute well in the third quarter. We achieved a record number of loads per day in our brokerage business and grew brokerage volume by double-digits for the second consecutive quarter. Brokerage gross margin remained strong. Our experienced team, our deep customer relationships, and continued adoption of ou.

RXO Announces Results for Third-Quarter 2023, Including 18 Percent Brokerage Volume Growth

NEW YORK--(BUSINESS WIRE)--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, will celebrate its one-year anniversary as a standalone, publicly traded company by ringing the New York Stock Exchange's Opening Bell® this morning. The company will host customers, members of its board of directors and employees from all levels of the organization at the NYSE to celebrate the occasion. “It is amazing how much RXO has achieved in just one year,” said Drew Wilkerson, chief ex.

RXO to Celebrate Its One-Year Anniversary by Ringing the Opening Bell® of the New York Stock Exchange

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO, (NYSE: RXO), a leading provider of asset-light transportation solutions, won the 2023 Best in HR award from the Charlotte Business Journal (CBJ) in the publicly-held company category. The company was honored at an awards event on October 19 and featured in a CBJ special report. “We're proud that RXO's HR team has been recognized for their many contributions to our organization, the industry and the Charlotte community,” said Drew Wilkerson, chief executive.

RXO Wins Best in HR Award From Charlotte Business Journal

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO) today announced that Drew Wilkerson, chief executive officer; Jamie Harris, chief financial officer; Jared Weisfeld, chief strategy officer and Kevin Sterling, senior market strategist will participate in the Stephens Annual Investment Conference in Nashville, Tennessee, on Tuesday, November 14 at 3 p.m. EST. A live webcast and replay of the presentation will be available at http://investors.rxo.com. About RXO RXO (NYSE: RXO) is a leading provid.

RXO Announces Participation at Stephens Annual Investment Conference

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO) announced today it has changed the date of its third-quarter earnings and investor conference call. RXO will now issue the results before the opening of the New York Stock Exchange on Tuesday, November 7, 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:.

RXO Announces Date Change for Third-Quarter Earnings and Investor Conference Call

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.

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