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.

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO) today announced its financial results for the first quarter of 2023. Drew Wilkerson, chief executive officer of RXO, said, “RXO continued to deliver solid results in the first quarter, despite the current challenges in the freight market and the economy. Our brokerage business gained market share and recorded a 6 percent increase in volume year-over-year. We also maintained best-in-class brokerage gross margin of 16.3 percent.” Wilkerson continu.

RXO Reports Solid First-Quarter Performance Driven by Market Share Gains, Strong Profitability and Cash Flow

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, was named a Supplier of the Year by General Motors at its 31st annual ceremony in San Antonio, Texas. This is the fifth consecutive year RXO has received the award. The award recognizes distinguished global suppliers that exceed GM's requirements, in turn providing GM customers with innovative technologies that are among the highest quality in the automotive industry.

RXO Named a 2022 Supplier of the Year by General Motors for Fifth Straight Year

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO) will issue its first quarter financial results before the opening of the New York Stock Exchange on Wednesday, May 3, 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.

RXO Schedules First Quarter Earnings and Investor Conference Call for May 3, 2023

Borderlands is a weekly rundown of developments in the world of U.S.-Mexico cross-border trucking and trade. This week: RXO invests $30 million and expands its logistics operations in South Texas; the Mexican state of Nuevo Leon is investing $22 million to expand a border bridge; Packwell is set to build a resin logistics center at Port Houston; and RK Logistics Group opens a Texas distribution center.

Borderlands: RXO invests $30M, expands logistics operation in South Texas

LAREDO, Texas--(BUSINESS WIRE)--RXO (NYSE: RXO) today celebrated the official grand opening of the company's new cross-border facility in Laredo, Texas. Spanning 127,000 square feet, the new warehousing and distribution services site sits at the center of the nearshoring movement – at the border between the United States and Mexico. This premium location and the end-to-end cross-border solutions offered through the facility will help streamline supply chains for RXO's blue-chip customer base.

RXO Celebrates Grand Opening of Laredo Cross-Border Facility

RXO should continue to gain market share from smaller players due to its tech investments and access to capacity. Management continues to be optimistic about reaching its $500 million adjusted EBITDA target by 2027.

RXO Inc.: Wait For Signals Of Recovery In H2 2023

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO) today announced that RXO Drive™, the company's proprietary mobile app for truck drivers and fleet owners, surpassed one million downloads. RXO Drive is a free mobile application that helps drivers find loads, negotiate rates, plan trips and book freight. It helps owner-operators and small fleet carriers across North America streamline their trucking businesses.

RXO's Truck Driver App Surpasses One Million Downloads

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, announced today that Paul Boothe, Heidi Ratti and Jennifer Kaczmarcyzk were named 2023 Pros to Know by Supply & Demand Chain Executive. The annual award recognizes outstanding executives whose accomplishments offer a roadmap for other leaders looking to leverage supply chain for competitive advantage.

Three RXO Leaders Win Supply & Demand Chain Executive 2023 Pros to Know Award

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

GXO Logistics

XPO Logistics

Here's Why This New Spinoff Stock Looks Like It Could Be a Market-Beater

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.

News for RXO Inc Stock (RXO)