• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    RXO Reports Fourth-Quarter Results

    2/5/25 6:30:00 AM ET
    $RXO
    Transportation Services
    Consumer Discretionary
    Get the next $RXO alert in real time by email
    • 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."

    Wilkerson continued, "In the fourth quarter, RXO grew combined brokerage volume by 10% sequentially, the result of our focus on providing the best service, solutions, innovation and relationships in the industry. Momentum continued within our complementary services. In Managed Transportation, our sales pipeline is now nearly $2 billion in freight under management, and in Last Mile, we grew stops by 15% year-over-year. While the freight market remains soft, our playbook of strategically investing in our business while controlling costs, along with our increased scale, positions us well for the future."

    Companywide Results

    RXO's revenue was $1.7 billion for the fourth quarter, compared to $1.0 billion in the fourth quarter of 2023. Gross margin was 15.5%, compared to 18.0% in the fourth quarter of 2023.

    The company reported a fourth-quarter 2024 GAAP net loss of $20 million, compared to net income of $2 million in the fourth quarter of 2023. The fourth-quarter 2024 GAAP net loss included $34 million in transaction, integration, restructuring and other costs. Adjusted net income in the quarter was $10 million, compared to $7 million in the fourth quarter of 2023.

    Adjusted EBITDA was $42 million, compared to $31 million in the fourth quarter of 2023. Adjusted EBITDA margin was 2.5%, compared to 3.2% in the fourth quarter of 2023.

    Transaction, integration, restructuring and other costs, amortization of intangibles, and a discrete tax item impacted GAAP earnings per share by $0.18, net of tax. For the fourth quarter, RXO reported a GAAP diluted loss per share of $0.12. Adjusted diluted earnings per share were $0.06.

    Brokerage

    Volume in RXO's Brokerage business, including the impact of the Coyote Logistics acquisition in both periods, declined by 6% year-over-year in the fourth quarter. Less-than-truckload volume increased by 1% but was offset by an 8% decline in full truckload volume. Brokerage volume grew by 10% sequentially in the fourth quarter.

    Brokerage gross margin was 13.2% in the fourth quarter.

    Complementary Services

    Managed Transportation has nearly $2 billion in new freight under management in its sales pipeline.

    The number of Last Mile stops grew by 15% year-over-year.

    RXO's complementary services gross margin was 21.1% for the quarter.

    First-Quarter Outlook

    RXO expects first-quarter 2025 adjusted EBITDA to be between $20 million and $30 million. The company expects first-quarter 2025 Brokerage gross margin to be between 12% and 14%.

    Conference Call

    The company will hold a conference call and webcast on Wednesday, February 5 at 8 a.m. Eastern Standard Time. Participants can call in toll-free (from U.S./Canada) at 1-800-549-8228; international callers dial +1-289-819-1520. The conference ID is 45015.

    A live webcast of the conference call will be available on the investor relations area of the company's website, http://investors.rxo.com. 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 be archived on http://investors.rxo.com.

    About RXO

    RXO (NYSE:RXO) is a leading provider of asset-light transportation solutions. RXO offers tech-enabled truck brokerage services together with complementary solutions including managed transportation and last mile delivery. The company combines massive capacity and cutting-edge technology to move freight efficiently through supply chains across North America. The company is headquartered in Charlotte, N.C. Visit RXO.com for more information and connect with RXO on Facebook, X, LinkedIn, Instagram and YouTube.

    Non-GAAP Financial Measures

    We provide reconciliations of the non-GAAP financial measures contained in this release to the most directly comparable measure under GAAP, which are set forth in the financial tables attached to this release.

    The non-GAAP financial measures in this release include: adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"); adjusted EBITDA margin; and adjusted net income and adjusted diluted earnings per share ("adjusted diluted EPS").

    We believe that these adjusted financial measures facilitate analysis of our ongoing business operations because they exclude items that may not reflect, or are unrelated to, RXO's core operating performance, and may assist investors with comparisons to prior periods and assessing trends in our underlying businesses. Other companies may calculate these non-GAAP financial measures differently, and therefore our measures may not be comparable to similarly titled measures of other companies. These non-GAAP financial measures should only be used as supplemental measures of our operating performance.

    Adjusted EBITDA, adjusted EBITDA margin, adjusted net income and adjusted diluted EPS include adjustments for transaction and integration costs, as well as restructuring costs and other adjustments as set forth in the attached tables. Management uses these non-GAAP financial measures in making financial, operating and planning decisions and evaluating RXO's ongoing performance.

    We believe that adjusted EBITDA and adjusted EBITDA margin improve comparability from period to period by removing the impact of our capital structure (interest and financing expenses), asset base (depreciation and amortization), tax impacts and other adjustments that management has determined do not reflect our core operating activities and thereby assist investors with assessing trends in our underlying business. We believe that adjusted net income and adjusted diluted EPS improve the comparability of our operating results from period to period by removing the impact of certain costs that management has determined do not reflect our core operating activities, including amortization of acquisition-related intangible assets, transaction and integration costs, restructuring costs and other adjustments as set out in the attached tables, and thereby may assist investors with comparisons to prior periods and assessing trends in our underlying business.

    With respect to our financial outlook for the first quarter of 2025 adjusted EBITDA, a reconciliation of this non-GAAP measure to the corresponding GAAP measure is not available without unreasonable effort due to the variability and complexity of the reconciling items described above that we exclude from this non-GAAP measure. The variability of these items may have a significant impact on our future GAAP financial results and, as a result, we are unable to prepare the forward-looking statement of income and statement of cash flows prepared in accordance with GAAP that would be required to produce such a reconciliation.

    Forward-looking Statements

    This release includes forward-looking statements, including statements relating to our first-quarter outlook and our expected cost synergies. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as "anticipate," "estimate," "believe," "continue," "could," "intend," "may," "plan," "predict," "should," "will," "expect," "project," "forecast," "goal," "outlook," "target," or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances.

    These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause or contribute to a material difference include the risks discussed in our filings with the SEC and the following: competition and pricing pressures; economic conditions generally; fluctuations in fuel prices; increased carrier prices; severe weather, natural disasters, terrorist attacks or similar incidents that cause material disruptions to our operations or the operations of the third-party carriers and independent contractors with which we contract; our dependence on third-party carriers and independent contractors; labor disputes or organizing efforts affecting our workforce and those of our third-party carriers; legal and regulatory challenges to the status of the third-party carriers with which we contract, and their delivery workers, as independent contractors, rather than employees; our ability to develop and implement suitable information technology systems and prevent failures in or breaches of such systems; the impact of potential cyber-attacks and information technology or data security breaches; issues related to our intellectual property rights; our ability to access the capital markets and generate sufficient cash flow to satisfy our debt obligations; litigation that may adversely affect our business or reputation; increasingly stringent laws protecting the environment, including transitional risks relating to climate change, that impact our third-party carriers; governmental regulation and political conditions; our ability to attract and retain qualified personnel; our ability to successfully implement our cost and revenue initiatives and other strategies; our ability to successfully manage our growth; our reliance on certain large customers for a significant portion of our revenue; damage to our reputation through unfavorable publicity; our failure to meet performance levels required by our contracts with our customers; the inability to achieve the level of revenue growth, cash generation, cost savings, improvement in profitability and margins, fiscal discipline, or strengthening of competitiveness and operations anticipated or targeted; our ability to successfully integrate Coyote Logistics and realize the anticipated benefits of the acquisition; a determination by the IRS that the distribution or certain related separation transactions should be treated as taxable transactions; and the impact of the separation on our businesses, operations and results. All forward-looking statements set forth in this release are qualified by these cautionary statements and there can be no assurance that the actual results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences to or effects on us or our business or operations. Forward-looking statements set forth in this release speak only as of the date hereof, and we do not undertake any obligation to update forward-looking statements to reflect subsequent events or circumstances, changes in expectations or the occurrence of unanticipated events, except to the extent required by law.

     

    RXO, Inc.

    Consolidated Statements of Operations

    (Unaudited)

     

     

     

    Three Months Ended December 31,

     

    Years Ended December 31,

    (Dollars in millions, shares in thousands, except per share amounts)

     

     

    2024

     

     

     

    2023

     

     

    2024

     

     

     

    2023

    Revenue

     

    $

    1,667

     

     

    $

    978

     

    $

    4,550

     

     

    $

    3,927

    Cost of transportation and services (exclusive of depreciation and amortization)

     

     

    1,357

     

     

     

    743

     

     

    3,565

     

     

     

    2,967

    Direct operating expense (exclusive of depreciation and amortization)

     

     

    50

     

     

     

    56

     

     

    202

     

     

     

    235

    Sales, general and administrative expense

     

     

    218

     

     

     

    146

     

     

    666

     

     

     

    591

    Depreciation and amortization expense

     

     

    33

     

     

     

    15

     

     

    87

     

     

     

    67

    Transaction and integration costs

     

     

    15

     

     

     

    —

     

     

    53

     

     

     

    12

    Restructuring costs

     

     

    18

     

     

     

    4

     

     

    33

     

     

     

    16

    Operating income (loss)

     

     

    (24

    )

     

     

    14

     

     

    (56

    )

     

     

    39

    Other expense

     

     

    1

     

     

     

    2

     

     

    218

     

     

     

    3

    Interest expense, net

     

     

    8

     

     

     

    8

     

     

    30

     

     

     

    32

    Income (loss) before income taxes

     

     

    (33

    )

     

     

    4

     

     

    (304

    )

     

     

    4

    Income tax provision (benefit)

     

     

    (13

    )

     

     

    2

     

     

    (19

    )

     

     

    —

    Net income (loss)

     

    $

    (20

    )

     

    $

    2

     

    $

    (285

    )

     

    $

    4

     

     

     

     

     

     

     

     

     

    Earnings (loss) per share data

     

     

     

     

     

     

     

     

    Basic

     

    $

    (0.12

    )

     

    $

    0.02

     

    $

    (2.14

    )

     

    $

    0.03

    Diluted

     

    $

    (0.12

    )

     

    $

    0.02

     

    $

    (2.14

    )

     

    $

    0.03

     

     

     

     

     

     

     

     

     

    Weighted-average common shares outstanding

     

     

     

     

     

     

     

     

    Basic

     

     

    164,407

     

     

     

    117,012

     

     

    133,412

     

     

     

    116,871

    Diluted

     

     

    164,407

     

     

     

    119,575

     

     

    133,412

     

     

     

    119,456

     

    RXO, Inc.

    Consolidated Balance Sheets

    (Unaudited)

     

     

     

    December 31,

    (Dollars in millions, shares in thousands, except per share amounts)

     

     

    2024

     

     

     

    2023

     

    ASSETS

     

     

     

     

    Current assets

     

     

     

     

    Cash and cash equivalents

     

    $

    35

     

     

    $

    5

     

    Accounts receivable, net of $13 and $12 in allowances, respectively

     

     

    1,228

     

     

     

    743

     

    Other current assets

     

     

    78

     

     

     

    48

     

    Total current assets

     

     

    1,341

     

     

     

    796

     

    Long-term assets

     

     

     

     

    Property and equipment, net of $317 and $293 in accumulated depreciation, respectively

     

     

    135

     

     

     

    124

     

    Operating lease assets

     

     

    274

     

     

     

    195

     

    Goodwill

     

     

    1,124

     

     

     

    630

     

    Identifiable intangible assets, net of $146 and $118 in accumulated amortization, respectively

     

     

    499

     

     

     

    68

     

    Other long-term assets

     

     

    45

     

     

     

    12

     

    Total long-term assets

     

     

    2,077

     

     

     

    1,029

     

    Total assets

     

    $

    3,418

     

     

    $

    1,825

     

    LIABILITIES AND STOCKHOLDERS' EQUITY

     

     

     

     

    Current liabilities

     

     

     

     

    Accounts payable

     

    $

    573

     

     

    $

    414

     

    Accrued expenses

     

     

    375

     

     

     

    199

     

    Short-term debt and current maturities of long-term debt

     

     

    17

     

     

     

    3

     

    Short-term operating lease liabilities

     

     

    75

     

     

     

    53

     

    Other current liabilities

     

     

    26

     

     

     

    13

     

    Total current liabilities

     

     

    1,066

     

     

     

    682

     

    Long-term liabilities

     

     

     

     

    Long-term debt and obligations under finance leases

     

     

    351

     

     

     

    356

     

    Deferred tax liabilities

     

     

    87

     

     

     

    7

     

    Long-term operating lease liabilities

     

     

    213

     

     

     

    146

     

    Other long-term liabilities

     

     

    84

     

     

     

    40

     

    Total long-term liabilities

     

     

    735

     

     

     

    549

     

    Commitments and Contingencies

     

     

     

     

    Equity

     

     

     

     

    Preferred stock, $0.01 par value; 10,000 shares authorized; 0 shares issued and outstanding as of December 31, 2024 and 2023

     

     

    —

     

     

     

    —

     

    Common stock, $0.01 par value; 300,000 shares authorized; 162,517 and 117,026 shares issued and outstanding as of December 31, 2024 and 2023, respectively

     

     

    2

     

     

     

    1

     

    Additional paid-in capital

     

     

    1,904

     

     

     

    590

     

    Retained earnings (Accumulated deficit)

     

     

    (279

    )

     

     

    6

     

    Accumulated other comprehensive loss

     

     

    (10

    )

     

     

    (3

    )

    Total equity

     

     

    1,617

     

     

     

    594

     

    Total liabilities and equity

     

    $

    3,418

     

     

    $

    1,825

     

     

    RXO, Inc.

    Consolidated Statements of Cash Flows

    (Unaudited)

     

     

     

    Years Ended December 31,

    (In millions)

     

     

    2024

     

     

     

    2023

     

    Operating activities

     

     

     

     

    Net income (loss)

     

    $

    (285

    )

     

    $

    4

     

    Adjustments to reconcile net income (loss) to net cash from operating activities

     

     

     

     

    Depreciation and amortization expense

     

     

    87

     

     

     

    67

     

    Stock compensation expense

     

     

    23

     

     

     

    19

     

    Deferred tax benefit

     

     

    (24

    )

     

     

    (8

    )

    Deemed non-pro rata distribution

     

     

    216

     

     

     

    —

     

    Impairment of operating lease assets

     

     

    13

     

     

     

    —

     

    Other

     

     

    7

     

     

     

    9

     

    Changes in assets and liabilities

     

     

     

     

    Accounts receivable

     

     

    (110

    )

     

     

    158

     

    Other current assets and other long-term assets

     

     

    1

     

     

     

    (14

    )

    Accounts payable

     

     

    (60

    )

     

     

    (86

    )

    Accrued expenses, other current liabilities and other long-term liabilities

     

     

    120

     

     

     

    (60

    )

    Net cash provided by (used in) operating activities

     

     

    (12

    )

     

     

    89

     

    Investing activities

     

     

     

     

    Payment for purchases of property and equipment

     

     

    (45

    )

     

     

    (64

    )

    Business acquisition, net of cash acquired

     

     

    (1,019

    )

     

     

    —

     

    Other

     

     

    —

     

     

     

    (2

    )

    Net cash used in investing activities

     

     

    (1,064

    )

     

     

    (66

    )

    Financing activities

     

     

     

     

    Proceeds from borrowings on revolving credit facilities

     

     

    238

     

     

     

    76

     

    Repayment of borrowings on revolving credit facilities

     

     

    (226

    )

     

     

    (71

    )

    Proceeds from issuance of common stock and pre-funded warrants

     

     

    1,125

     

     

     

    —

     

    Payment for equity issuance costs

     

     

    (30

    )

     

     

    —

     

    Repayment of debt and finance leases

     

     

    (3

    )

     

     

    (104

    )

    Payment for debt issuance costs

     

     

    (3

    )

     

     

    —

     

    Payment for tax withholdings related to vesting of stock compensation awards

     

     

    (4

    )

     

     

    (14

    )

    Repurchase of common stock

     

     

    —

     

     

     

    (2

    )

    Other

     

     

    11

     

     

     

    (2

    )

    Net cash provided by (used in) financing activities

     

     

    1,108

     

     

     

    (117

    )

    Effect of exchange rates on cash, cash equivalents and restricted cash

     

     

    (2

    )

     

     

    1

     

    Net increase (decrease) in cash, cash equivalents and restricted cash

     

     

    30

     

     

     

    (93

    )

    Cash, cash equivalents and restricted cash, beginning of period

     

     

    5

     

     

     

    98

     

    Cash, cash equivalents and restricted cash, end of period

     

    $

    35

     

     

    $

    5

     

    Supplemental disclosure of cash flow information:

     

     

     

     

    Cash paid for income taxes, net

     

     

    4

     

     

     

    27

     

    Cash paid for interest, net

     

     

    27

     

     

     

    32

     

    Purchases of property and equipment in accounts payable

     

     

    3

     

     

     

    2

     

    Accrued tax withholdings related to vesting of stock compensation awards

     

     

    15

     

     

     

    —

     

     

    RXO, Inc.

    Revenue Disaggregated by Service Offering

    (Unaudited)

     

     

     

    Three Months Ended December 31,

     

    Years Ended December 31,

    (In millions)

     

     

    2024

     

     

     

    2023

     

     

     

    2024

     

     

     

    2023

     

    Revenue

     

     

     

     

     

     

     

     

    Truck brokerage

     

    $

    1,267

     

     

    $

    610

     

     

    $

    3,029

     

     

    $

    2,358

     

    Last mile

     

     

    290

     

     

     

    257

     

     

     

    1,055

     

     

     

    1,014

     

    Managed transportation

     

     

    141

     

     

     

    154

     

     

     

    600

     

     

     

    690

     

    Eliminations

     

     

    (31

    )

     

     

    (43

    )

     

     

    (134

    )

     

     

    (135

    )

    Total

     

    $

    1,667

     

     

    $

    978

     

     

    $

    4,550

     

     

    $

    3,927

     

     

    RXO, Inc.

    Reconciliation of Net Income (Loss) to Adjusted EBITDA and Adjusted EBITDA Margin

    (Unaudited)

     

     

     

    Three Months Ended December 31,

     

    Years Ended December 31,

    (In millions)

     

     

    2024

     

     

     

    2023

     

     

     

    2024

     

     

     

    2023

     

    Reconciliation of Net Income (Loss) to Adjusted EBITDA

     

     

     

     

     

     

     

     

    Net income (loss)

     

    $

    (20

    )

     

    $

    2

     

     

    $

    (285

    )

     

    $

    4

     

    Interest expense, net

     

     

    8

     

     

     

    8

     

     

     

    30

     

     

     

    32

     

    Income tax provision (benefit)

     

     

    (13

    )

     

     

    2

     

     

     

    (19

    )

     

     

    —

     

    Depreciation and amortization expense

     

     

    33

     

     

     

    15

     

     

     

    87

     

     

     

    67

     

    Transaction and integration costs

     

     

    15

     

     

     

    —

     

     

     

    53

     

     

     

    12

     

    Restructuring and other costs (1)

     

     

    19

     

     

     

    4

     

     

     

    252

     

     

     

    17

     

    Adjusted EBITDA (2)

     

    $

    42

     

     

    $

    31

     

     

    $

    118

     

     

    $

    132

     

     

     

     

     

     

     

     

     

     

    Revenue

     

    $

    1,667

     

     

    $

    978

     

     

    $

    4,550

     

     

    $

    3,927

     

    Adjusted EBITDA margin (2) (3)

     

     

    2.5

    %

     

     

    3.2

    %

     

     

    2.6

    %

     

     

    3.4

    %

    (1)

    Other for the year ended December 31, 2024 reflects a one-time charge of $216 million representing a deemed non-pro rata distribution in connection with the private placement common stock issuance completed in August 2024.

    (2)

    See the "Non-GAAP Financial Measures" section of the press release.

    (3)

    Adjusted EBITDA margin is calculated as Adjusted EBITDA divided by Revenue.

     

    RXO, Inc.

    Reconciliation of Net Income (Loss) to Adjusted Net Income and Adjusted Diluted Earnings Per Share

    (Unaudited)

     

     

     

    Three Months Ended December 31,

     

    Years Ended December 31,

    (Dollars in millions, shares in thousands, except per share amounts)

     

     

    2024

     

     

     

    2023

     

     

     

    2024

     

     

     

    2023

     

    Reconciliation of Net Income (Loss) to Adjusted Net Income and Adjusted Diluted Earnings Per Share

     

     

     

     

     

     

     

     

    Net income (loss)

     

    $

    (20

    )

     

    $

    2

     

     

    $

    (285

    )

     

    $

    4

     

    Amortization of intangible assets

     

     

    17

     

     

     

    3

     

     

     

    28

     

     

     

    13

     

    Transaction and integration costs

     

     

    15

     

     

     

    —

     

     

     

    53

     

     

     

    12

     

    Restructuring and other costs (1)

     

     

    19

     

     

     

    4

     

     

     

    252

     

     

     

    17

     

    Income tax associated with adjustments above (2)

     

     

    (16

    )

     

     

    (2

    )

     

     

    (26

    )

     

     

    (10

    )

    Discrete tax item

     

     

    (5

    )

     

     

    —

     

     

     

    (5

    )

     

     

    —

     

    Adjusted net income (3)

     

    $

    10

     

     

    $

    7

     

     

    $

    17

     

     

    $

    36

     

     

     

     

     

     

     

     

     

     

    Adjusted diluted earnings per share (3)

     

    $

    0.06

     

     

    $

    0.06

     

     

    $

    0.12

     

     

    $

    0.30

     

     

     

     

     

     

     

     

     

     

    Weighted-average shares outstanding

     

     

     

     

     

     

     

     

    Diluted

     

     

    169,885

     

     

     

    119,575

     

     

     

    136,684

     

     

     

    119,456

     

    (1)

    Other for the year ended December 31, 2024 reflects a one-time charge of $216 million representing a deemed non-pro rata distribution in connection with the private placement common stock issuance completed in August 2024.

    (2)

    The tax impact of non-GAAP adjustments represents the tax benefit (expense) calculated using the applicable statutory tax rate that would have been incurred had these adjustments been excluded from net income (loss). Our estimated tax rate on non-GAAP adjustments may differ from our GAAP tax rate due to differences in the methodologies applied.

    (3)

    See the "Non-GAAP Financial Measures" section of the press release.

     

    RXO, Inc.

    Calculation of Gross Margin and Gross Margin as a Percentage of Revenue

    (Unaudited)

     

     

     

    Three Months Ended December 31,

     

    Years Ended December 31,

    (Dollars in millions)

     

     

    2024

     

     

     

    2023

     

     

     

    2024

     

     

     

    2023

     

    Revenue

     

     

     

     

     

     

     

     

    Truck brokerage

     

    $

    1,267

     

     

    $

    610

     

     

    $

    3,029

     

     

    $

    2,358

     

    Complementary services (1)

     

     

    431

     

     

     

    411

     

     

     

    1,655

     

     

     

    1,704

     

    Eliminations

     

     

    (31

    )

     

     

    (43

    )

     

     

    (134

    )

     

     

    (135

    )

    Revenue

     

    $

    1,667

     

     

    $

    978

     

     

    $

    4,550

     

     

    $

    3,927

     

     

     

     

     

     

     

     

     

     

    Cost of transportation and services (exclusive of depreciation and amortization)

     

     

     

     

     

     

     

     

    Truck brokerage

     

    $

    1,100

     

     

    $

    519

     

     

    $

    2,610

     

     

    $

    1,993

     

    Complementary services (1)

     

     

    288

     

     

     

    267

     

     

     

    1,089

     

     

     

    1,109

     

    Eliminations

     

     

    (31

    )

     

     

    (43

    )

     

     

    (134

    )

     

     

    (135

    )

    Cost of transportation and services (exclusive of depreciation and amortization)

     

    $

    1,357

     

     

    $

    743

     

     

    $

    3,565

     

     

    $

    2,967

     

     

     

     

     

     

     

     

     

     

    Direct operating expense (exclusive of depreciation and amortization)

     

     

     

     

     

     

     

     

    Truck brokerage

     

    $

    —

     

     

    $

    —

     

     

    $

    1

     

     

    $

    1

     

    Complementary services (1)

     

     

    50

     

     

     

    56

     

     

     

    201

     

     

     

    234

     

    Direct operating expense (exclusive of depreciation and amortization)

     

    $

    50

     

     

    $

    56

     

     

    $

    202

     

     

    $

    235

     

     

     

     

     

     

     

     

     

     

    Direct depreciation and amortization expense

     

     

     

     

     

     

     

     

    Truck brokerage

     

    $

    —

     

     

    $

    1

     

     

    $

    1

     

     

    $

    1

     

    Complementary services (1)

     

     

    2

     

     

     

    2

     

     

     

    8

     

     

     

    7

     

    Direct depreciation and amortization expense

     

    $

    2

     

     

    $

    3

     

     

    $

    9

     

     

    $

    8

     

     

     

     

     

     

     

     

     

     

    Gross margin

     

     

     

     

     

     

     

     

    Truck brokerage

     

    $

    167

     

     

    $

    90

     

     

    $

    417

     

     

    $

    363

     

    Complementary services (1)

     

     

    91

     

     

     

    86

     

     

     

    357

     

     

     

    354

     

    Gross margin

     

    $

    258

     

     

    $

    176

     

     

    $

    774

     

     

    $

    717

     

     

     

     

     

     

     

     

     

     

    Gross margin as a percentage of revenue

     

     

     

     

     

     

     

     

    Truck brokerage

     

     

    13.2

    %

     

     

    14.8

    %

     

     

    13.8

    %

     

     

    15.4

    %

    Complementary services (1)

     

     

    21.1

    %

     

     

    20.9

    %

     

     

    21.6

    %

     

     

    20.8

    %

    Gross margin as a percentage of revenue

     

     

    15.5

    %

     

     

    18.0

    %

     

     

    17.0

    %

     

     

    18.3

    %

    (1)

    Complementary services include last mile and managed transportation services.

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250205632321/en/

    Media

    Nina Reinhardt

    [email protected]

    Investor

    Kevin Sterling

    [email protected]

    Get the next $RXO alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $RXO

    DatePrice TargetRatingAnalyst
    4/4/2025Outperform → Perform
    Oppenheimer
    3/13/2025$24.00Buy
    Truist
    3/7/2025$19.00Hold
    Deutsche Bank
    11/18/2024$29.00Neutral
    Goldman
    11/12/2024$33.00Buy → Neutral
    Citigroup
    11/11/2024$31.00Equal Weight
    Wells Fargo
    10/9/2024$33.00Buy
    Citigroup
    5/15/2024Mkt Perform
    Raymond James
    More analyst ratings

    $RXO
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Chief Executive Officer Wilkerson Andrew M. covered exercise/tax liability with 40,612 shares and converted options into 92,932 shares, increasing direct ownership by 24% to 271,767 units (SEC Form 4)

      4 - RXO, Inc. (0001929561) (Issuer)

      5/5/25 6:15:32 PM ET
      $RXO
      Transportation Services
      Consumer Discretionary
    • Chief Legal Officer Firestone Jeffrey D. covered exercise/tax liability with 5,145 shares and converted options into 11,772 shares, increasing direct ownership by 13% to 58,023 units (SEC Form 4)

      4 - RXO, Inc. (0001929561) (Issuer)

      3/25/25 5:55:12 PM ET
      $RXO
      Transportation Services
      Consumer Discretionary
    • Chief Accounting Officer Kerr Jason S. converted options into 2,030 shares and covered exercise/tax liability with 888 shares, increasing direct ownership by 1% to 86,419 units (SEC Form 4)

      4 - RXO, Inc. (0001929561) (Issuer)

      3/25/25 5:54:13 PM ET
      $RXO
      Transportation Services
      Consumer Discretionary

    $RXO
    Financials

    Live finance-specific insights

    See more
    • RXO Announces First-Quarter Results, Successful Migration of Coyote Coverage Operations to the RXO Connect® Platform

      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

      5/7/25 6:30:00 AM ET
      $RXO
      Transportation Services
      Consumer Discretionary
    • RXO Schedules First-Quarter Earnings and Investor Conference Call for May 7, 2025

      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

      4/7/25 8:30:00 AM ET
      $RXO
      Transportation Services
      Consumer Discretionary
    • RXO Reports Fourth-Quarter Results

      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

      2/5/25 6:30:00 AM ET
      $RXO
      Transportation Services
      Consumer Discretionary

    $RXO
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • RXO Announces First-Quarter Results, Successful Migration of Coyote Coverage Operations to the RXO Connect® Platform

      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

      5/7/25 6:30:00 AM ET
      $RXO
      Transportation Services
      Consumer Discretionary
    • RXO Announces Participation at Oppenheimer 20th Annual Industrial Growth Conference

      RXO (NYSE:RXO) today announced that Drew Wilkerson, chief executive officer, and Jared Weisfeld, chief strategy officer, will participate in the Oppenheimer 20th Annual Industrial Growth Conference, which will be held virtually on May 8, 2025, at 10:30 a.m. EDT. The live webcast and a replay of the presentation will be available at http://investors.rxo.com. About RXO RXO (NYSE:RXO) is a leading provider of asset-light transportation solutions. RXO offers tech-enabled truck brokerage services together with complementary solutions including managed transportation, freight forwarding and last mile delivery. The company combines massive capacity and cutting-edge technology to move freight eff

      4/30/25 8:30:00 AM ET
      $RXO
      Transportation Services
      Consumer Discretionary
    • RXO Schedules First-Quarter Earnings and Investor Conference Call for May 7, 2025

      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

      4/7/25 8:30:00 AM ET
      $RXO
      Transportation Services
      Consumer Discretionary

    $RXO
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Nettles Michelle bought $50,202 worth of shares (1,800 units at $27.89), increasing direct ownership by 13% to 15,185 units (SEC Form 4)

      4 - RXO, Inc. (0001929561) (Issuer)

      11/14/24 4:15:40 PM ET
      $RXO
      Transportation Services
      Consumer Discretionary
    • Large owner Mfn Partners, Lp bought $207,492,230 worth of shares (10,266,810 units at $20.21) (SEC Form 4)

      4 - RXO, Inc. (0001929561) (Issuer)

      8/14/24 4:16:23 PM ET
      $RXO
      Transportation Services
      Consumer Discretionary
    • Mfn Partners, Lp bought $1,244 worth of shares (61 units at $20.39) (SEC Form 4)

      4 - RXO, Inc. (0001929561) (Issuer)

      5/13/24 7:51:27 PM ET
      $RXO
      Transportation Services
      Consumer Discretionary

    $RXO
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • RXO, Inc. downgraded by Oppenheimer

      Oppenheimer downgraded RXO, Inc. from Outperform to Perform

      4/4/25 8:39:56 AM ET
      $RXO
      Transportation Services
      Consumer Discretionary
    • Truist initiated coverage on RXO, Inc. with a new price target

      Truist initiated coverage of RXO, Inc. with a rating of Buy and set a new price target of $24.00

      3/13/25 8:20:38 AM ET
      $RXO
      Transportation Services
      Consumer Discretionary
    • Deutsche Bank initiated coverage on RXO, Inc. with a new price target

      Deutsche Bank initiated coverage of RXO, Inc. with a rating of Hold and set a new price target of $19.00

      3/7/25 8:12:56 AM ET
      $RXO
      Transportation Services
      Consumer Discretionary

    $RXO
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by RXO Inc.

      SC 13G/A - RXO, Inc. (0001929561) (Subject)

      11/12/24 4:47:05 PM ET
      $RXO
      Transportation Services
      Consumer Discretionary
    • Amendment: SEC Form SC 13G/A filed by RXO Inc.

      SC 13G/A - RXO, Inc. (0001929561) (Subject)

      11/12/24 4:01:58 PM ET
      $RXO
      Transportation Services
      Consumer Discretionary
    • Amendment: SEC Form SC 13G/A filed by RXO Inc.

      SC 13G/A - RXO, Inc. (0001929561) (Subject)

      11/4/24 1:49:46 PM ET
      $RXO
      Transportation Services
      Consumer Discretionary

    $RXO
    Leadership Updates

    Live Leadership Updates

    See more
    • RXO Names Troy Cooper to Board of Directors

      RXO (NYSE:RXO), a leading provider of asset-light transportation solutions, announced the appointment of Troy Cooper to its Board of Directors. Brad Jacobs, non-executive chairman of RXO said, "Troy's deep understanding of the truck brokerage industry, coupled with his impressive operational and financial expertise, will be tremendous assets to both the RXO board and the company." Cooper is a transportation industry veteran with more than 11 years of experience in supply chain operations, including brokerage. He joined XPO in September 2011 as the senior vice president of operations and launched the company's Charlotte, N.C., truck brokerage hub (now part of RXO) in 2012. Later, Cooper

      6/14/24 6:30:00 AM ET
      $RXO
      Transportation Services
      Consumer Discretionary

    $RXO
    SEC Filings

    See more
    • SEC Form 10-Q filed by RXO Inc.

      10-Q - RXO, Inc. (0001929561) (Filer)

      5/7/25 4:16:40 PM ET
      $RXO
      Transportation Services
      Consumer Discretionary
    • RXO Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - RXO, Inc. (0001929561) (Filer)

      5/7/25 6:31:34 AM ET
      $RXO
      Transportation Services
      Consumer Discretionary
    • SEC Form DEFA14A filed by RXO Inc.

      DEFA14A - RXO, Inc. (0001929561) (Filer)

      4/2/25 4:38:14 PM ET
      $RXO
      Transportation Services
      Consumer Discretionary