RXO earnings

Company winning accretive spot opportunities April volume outperformed the Cass Freight Index RXO (NYSE:RXO), a leading provider of asset-light transportation solutions, now expects May truckload gross profit per load to outperform typical seasonality and be at least flat to the company's April result. On the company's first-quarter earnings conference call on May 7, RXO outlined that it expected truckload gross profit per load to decline in May. "Last week, market conditions tightened even further, exacerbated by CVSA International Roadcheck. RXO stayed close to our customers and won significant spot opportunities, helping to more than offset the squeeze on our contractual book

Full truckload volume improved every month as the first quarter progressed. Mix of Brokerage full truckload spot volume in the first quarter increased by 500 bps sequentially and 600 bps year-over-year, driving the largest sequential increase in gross profit per load in more than three years. Expect full truckload volume to be approximately flat year-over-year in the second quarter. Anticipate significant sequential improvement in second-quarter profit, driven by stronger volume across the business and a more favorable spot mix and higher contract rates in Brokerage. RXO (NYSE:RXO) today reported its first-quarter financial results and second-quarter outlook. RXO Chairman and

RXO (NYSE:RXO) will issue its first-quarter financial results before the opening of the New York Stock Exchange on Thursday, May 7, 2026. 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: +1 800-715-9871 International callers: +1 646-307-1963 Conference ID: 8661113 A replay of the conference call will be available through May 14, 2026, by calling toll-free (from U.S./Canada) +1 800-770-2030; international callers dial +1 609-800-9909. Use the passcode 8661113#. Additionally, the call will be archived

Full-truckload market tightened significantly, squeezing Brokerage gross margin Brokerage late-stage pipeline increased by more than 50% year-over-year Managed Transportation awarded more than $200 million of freight under management in the quarter Finalized $450 million asset-based lending facility, which provides more flexibility through all market cycles RXO (NYSE:RXO) today reported its fourth-quarter financial results. RXO Chairman and CEO Drew Wilkerson said, "In the fourth quarter, tightening in the freight market accelerated, driven by continued reductions in truckload capacity. This impacted our buy rates and squeezed our Brokerage gross margin. While demand remained

RXO (NYSE:RXO) will issue its fourth-quarter financial results before the opening of the New York Stock Exchange on Friday, February 6, 2026. 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) 800-549-8228 International callers: (+1) 289-819-1520 Conference ID: 22992 A replay of the conference call will be available through February 13, 2026, by calling toll-free (from U.S./Canada) +1-888-660-6264; international callers dial +1-289-819-1325. Use the passcode 22992#. Additionally, the call will b

Brokerage volume growth of 1% year over year driven by less-than-truckload volume growth of 43% Last Mile achieved 12% year-over-year stop growth, the fifth consecutive quarter of double-digit growth Strong quarterly cash performance with cash balance increasing sequentially Full-truckload market has significantly tightened, driven by capacity exits. Market tightness is expected to persist throughout the fourth quarter, squeezing contractual brokerage gross margin New cost initiatives expected to yield more than $30 million of incremental savings RXO (NYSE:RXO) today reported its third-quarter financial results. RXO Chairman and CEO Drew Wilkerson said, "Market conditions ti

RXO (NYSE:RXO) will issue its third-quarter financial results before the opening of the New York Stock Exchange on Thursday, November 6, 2025. 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) 800-549-8228 International callers: (+1) 289-819-1520 Conference ID: 57899 A replay of the conference call will be available through November 13, 2025, by calling toll-free (from U.S./Canada) +1-888-660-6264; international callers dial +1-289-819-1325. Use the passcode 57899#. Additionally, the call will be

Brokerage volume growth of 1% year over year driven by less-than-truckload volume growth of 45% Beginning to realize benefits from unified carrier coverage operations; Brokerage gross margin of 14.4% in the quarter Last Mile achieved 17% year-over-year stop growth, the fourth consecutive quarter of double-digit growth Strong quarterly cash performance with cash balance increasing sequentially RXO (NYSE:RXO) today reported its second-quarter financial results. RXO Chairman and CEO Drew Wilkerson said, "RXO executed well in the second quarter despite the prolonged soft freight market. Our Brokerage business outperformed the market, growing volume by 1% year-over-year driven

RXO (NYSE:RXO) will issue its second-quarter financial results before the opening of the New York Stock Exchange on Thursday, August 7, 2025. 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) 800-549-8228 International callers: (+1) 289-819-1520 Conference ID: 82712 A replay of the conference call will be available through August 13, 2025, by calling toll-free (from U.S./Canada) +1-888-660-6264; international callers dial +1-289-819-1325. Use the passcode 82712#. Additionally, the call will be ar

Carrier and coverage operations now occurring in one unified system, enabling future cost-of-purchased-transportation synergies. Raising synergy estimate; now expect greater than $70 million of cash synergies. Less-than-truckload brokerage volume increased by 26% year-over-year in the first quarter. Last Mile achieved 24% year-over-year stop growth, an acceleration from the fourth quarter of 2024. RXO (NYSE:RXO) today reported its first-quarter financial results and announced the successful migration of Coyote coverage operations to the RXO Connect® platform. "Our technology team has been working diligently to integrate the best features of the legacy Coyote technology platform

RXO (NYSE:RXO) will issue its first-quarter financial results before the opening of the New York Stock Exchange on Wednesday, May 7, 2025. 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) 800-549-8228 International callers: (+1) 289-819-1520 Conference ID: 81237 A replay of the conference call will be available through May 14, 2025, by calling toll-free (from U.S./Canada) +1-888-660-6264; international callers dial +1-289-819-1325. Use the passcode 81237#. Additionally, the call will be archived o

Coyote acquisition remains ahead of schedule. Raising annualized cost synergy estimate to be at least $50 million Brokerage volume increased by 10% sequentially from the third quarter Managed Transportation sales pipeline now nearly $2 billion in freight under management Last Mile stop growth continued to accelerate and grew 15% year-over-year RXO (NYSE:RXO) today announced its financial results for the fourth quarter of 2024. Drew Wilkerson, chief executive officer of RXO, said, "The integration of Coyote Logistics remains ahead of schedule and we're again raising our estimate for annualized cost synergies. We now expect to achieve at least $50 million in synergies." Wi

RXO (NYSE:RXO) will issue its fourth-quarter financial results before the opening of the New York Stock Exchange on Wednesday, February 5, 2025. 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) 800-549-8228 International callers: (+1) 289-819-1520 Conference ID: 45015 A replay of the conference call will be available through February 12, 2025, by calling toll-free (from U.S./Canada) +1-888-660-6264; international callers dial +1-289-819-1325. Use the passcode 45015#. Additionally, the call will

Coyote acquisition completed September 16; integration well underway and progressing smoothly. Raising annualized cost synergy estimate to at least $40 million. Strengthened balance sheet while financing Coyote acquisition; combined company leverage ratio decreased by more than 40% Companywide gross margin of 17.3%; Brokerage gross margin of 13.7% Managed Transportation was awarded more than $300 million in new freight under management Last Mile stop growth continued to accelerate and grew 11% year-over-year RXO (NYSE:RXO) today announced its financial results for the third quarter of 2024. Drew Wilkerson, chief executive officer of RXO, said, "In the third quarter, our focu

RXO (NYSE:RXO) announced today it has changed the time of its third-quarter earnings and investor conference call, which will be held on Thursday, November 7, 2024. The conference call will now be at 7 a.m. EST. The company's results will be made available on www.rxo.com. Conference Call Access Information Live webcast online at: http://investors.rxo.com Call toll-free from U.S./Canada: (+1) 800-549-8228 International callers: (+1) 289-819-1520 Conference ID: 82059 A replay of the conference call will be available through November 28, 2024, by calling toll-free (from U.S./Canada) +1-888-660-6264; international callers dial +1-289-819-1325. Use the passcode 82059#. Additionally, the call

RXO (NYSE:RXO) will issue its third-quarter financial results before the opening of the New York Stock Exchange on Thursday, November 7, 2024. 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) 800-549-8228 International callers: (+1) 289-819-1520 Conference ID: 82059 A replay of the conference call will be available through November 28, 2024, by calling toll-free (from U.S./Canada) +1-888-660-6264; international callers dial +1-289-819-1325. Use the passcode 82059#. Additionally, the call will be a

Companywide gross margin of 19.0%; Brokerage gross margin of 14.7% Brokerage volume increased by 4%; less-than-truckload volume grew 40% and full truckload volume declined by 2% year-over-year Last Mile stops grew 7% year-over-year, the fastest rate in nearly two years Managed Transportation was awarded more than $200 million in freight under management Acquisition of Coyote Logistics on track to close in the first half of the fourth quarter RXO (NYSE:RXO) today announced its financial results for the second quarter of 2024. Drew Wilkerson, chief executive officer of RXO, said, "In the second quarter, RXO continued to execute well, including achieving 4% Brokerage volu

RXO (NYSE:RXO) will issue its second-quarter financial results before the opening of the New York Stock Exchange on Wednesday, August 7, 2024. 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) 800-549-8228 International callers: (+1) 289-819-1520 Conference ID: 70115 A replay of the conference call will be available through August 28, 2024, by calling toll-free (from U.S./Canada) +1-888-660-6264; international callers dial +1-289-819-1325. Use the passcode 70115#. Additionally, the call will be a

Creates the third-largest provider of brokered transportation in North America – a scaled industry leader Strategic transaction immediately and significantly accretive to RXO's adjusted diluted earnings per share and adjusted free cash flow Expands RXO's market position with increased capacity for customers and increased access to freight for carriers Purchase price of $1.025 billion in cash RXO to fund the transaction with mix of equity and debt that is expected to be neutral to leverage; fully committed equity from two of RXO's largest shareholders represents over 50% of purchase price RXO (NYSE:RXO) has entered into a definitive agreement to acquire Coyote Logistics, an a

Brokerage volume increased by 11% year-over-year, with full-truckload volume growth of 8% and less-than-truckload volume growth of 29% year-over-year Brokerage and companywide gross margin improved every month as the quarter progressed Companywide gross margin of 17.4%; brokerage gross margin of 14.2% Companywide sales pipeline the largest it has been in four years RXO (NYSE:RXO) today announced its financial results for the first quarter of 2024. Drew Wilkerson, chief executive officer of RXO, said, "RXO continued to deliver exceptional brokerage volume growth and strong margin performance in the first quarter of 2024, despite persistent softness in the freight market. Ou

RXO (NYSE:RXO) will issue its first-quarter financial results before the opening of the New York Stock Exchange on Thursday, May 2, 2024. 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) 416-764-8624 Conference ID: 34295742 A replay of the conference call will be available through May 23, 2024, by calling toll-free (from U.S./Canada) +1-877-674-7070; international callers dial +1-416-764-8692. Use the passcode 295742#. Additionally, the call will be archi

Full-truckload brokerage volume increased 11 percent year-over-year and less-than-truckload volume increased 45 percent year-over-year Continued momentum in RXO's brokerage business with multiple brokerage records in the quarter including total volume and quarterly loads per day Companywide gross margin of 18.0 percent; brokerage gross margin of 14.8 percent RXO (NYSE:RXO) today announced its financial results for the fourth quarter and full year of 2023. Drew Wilkerson, chief executive officer of RXO, said, "RXO continued to execute well in the fourth quarter despite the prolonged soft freight environment. For the third consecutive quarter, our brokerage business delivered do

RXO (NYSE:RXO) will issue its fourth-quarter financial results before the opening of the New York Stock Exchange on Thursday, February 8, 2024. 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: 34416829 A replay of the conference call will be available through February 29, 2024, by calling toll-free (from U.S./Canada) +1-877-674-7070; international callers dial +1-416-764-8692. Use the passcode 416829#. Additionally, the call wi

Full-truckload brokerage volume increased 13 percent year-over-year and less-than-truckload volume increased 55 percent year-over-year Momentum in RXO's brokerage business accelerated as the quarter progressed; set multiple brokerage records in the quarter including total volume, quarterly loads per day and monthly loads per day Companywide gross margin of 17.7 percent; brokerage gross margin of 15.1 percent 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 br

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: (+1) 888-259-6580 International callers: (+1) 206-962-3782 Conference ID: 11616211 A replay of the conference call will be available through November 8, 2024, by calling toll-free (from U.S./Canada) +1-877-674-7070; international

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 A replay of the conference call will be available through November 8, 2024, by calling toll-free (from U.S./Canada) +1-877-674-7070; international callers dial +1-416-764-8692. Use the passcode 616211#. Additionally, the call wil

Brokerage volume increased 10 percent year-over-year; set multiple records in the quarter including total volume, quarterly loads per day and monthly loads per day Companywide gross margin of 18.6 percent; brokerage gross margin of 15.4 percent 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. Co

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 A replay of the conference call will be available through August 23, 2023, by calling toll-free (from U.S./Canada) +1-877-674-7070; international callers dial +1-416-764-8692. Use the passcode 669759#. Additionally, the call will

Brokerage volume increased 6% year-over-year Brokerage gross margin of 16.3 percent Operating cash flow of $42 million and adjusted free cash flow of $37 million Company announces $125 million share repurchase program 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 (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./Canada: 1-888-886-7786 International callers: +1-416-764-8658 Conference ID: 83931505 A replay of the conference call will be available through May 24, 2023 by calling toll-free (from U.S./Canada) 1-877-674-7070; international callers dial +1-416-764-8692. Use the passcode 931505#. Additionally, the call will be archived on h

Companywide gross margin was 19.6 percent, up 250 basis points year-over-year; brokerage profitability remained strong with 17.9 percent gross margin in the fourth quarter, up 290 basis points year-over-year Brokerage volume increased by 4% year-over-year and set a company record for loads per day Downloads of RXO Drive™ app increased 45% year-over-year, and 87% of loads in the quarter were created or covered digitally Company expects continued year-over-year brokerage volume growth in the first quarter of 2023, driven by strong sales pipeline RXO (NYSE:RXO) today announced its financial results for the fourth quarter of 2022. Drew Wilkerson, chief executive officer of RXO, sai