RXO Reports Continued Brokerage Volume Growth for Q1
RXO experienced its fourth consecutive quarter of double-digit brokerage volume growth for the first quarter of 2024, the company reported May 2.
RXO Closes First Full Year as Company With Q4 Results
RXO closed out its first full year as a stand-alone company by reporting fourth-quarter earnings gains on a year-over-year revenue decline, the company detailed Feb. 8.
RXO Reports Negative Earnings in Soft Q3 Market
RXO reported negative net income and a 14% decline in revenue during the third quarter.
RXO Executive Reflects on Launching Amid Freight Down Cycle
RXO Chief Strategy Officer Jared Weisfeld discussed what it was like to launch a new company amid a freight market downturn on RXO’s one-year anniversary Nov. 1.
Weaker Freight Rates, Brokerage Gross Margin Hurt RXO Profits
Lower freight rates, a moderation in brokerage gross margin and the cost of operating as a stand-alone public company hurt profits at RXO Inc. in the second quarter of 2023.
Michigan Welcomes RXO to Ann Arbor
Michigan state officials are enthusiastic about 140 new jobs and a $2.35 million expansion in Ann Arbor by RXO Corporate Solutions to increase its brokerage presence.
RXO Reports $1 Billion Revenue for First Full Quarter
RXO on May 3 reported revenue exceeding $1 billion in its first full quarter as an independent company. The Charlotte, N.C.-based business formerly operated within XPO.
RXO Opens New Cross-Border Facility in Texas
RXO celebrated the grand opening of its newest cross-border facility in Laredo, Texas, the company announced March 29.
RXO Expands Suite of Carrier-Focused Services
RXO launched an expanded suite of exclusive partnerships and discounts to incentivize carriers with cost savings, the company announced Feb. 1.
February 6, 2023RXO CEO Drew Wilkerson Stresses Tech Development for New Brokerage Company
RXO CEO Drew Wilkerson plans to grow his newly launched brokerage company while focusing on technology development to gain market share, he said Nov. 3.