Date | Price Target | Rating | Analyst |
---|---|---|---|
5/15/2024 | Mkt Perform | Raymond James | |
5/3/2024 | $19.00 → $20.00 | Hold | TD Cowen |
2/9/2024 | $16.50 → $19.50 | Market Perform | TD Cowen |
2/8/2024 | Buy → Neutral | BofA Securities | |
1/10/2024 | Buy → Hold | Vertical Research | |
10/11/2023 | $17.00 → $16.00 | Neutral → Underweight | JP Morgan |
8/31/2023 | $19.00 → $14.00 | Neutral → Negative | Susquehanna |
7/12/2023 | $18.00 | Peer Perform → Underperform | Wolfe Research |
6/9/2023 | $20.00 | Neutral | Susquehanna |
5/24/2023 | $27.00 | Overweight | Barclays |
SC 13G/A - RXO, Inc. (0001929561) (Subject)
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
8-K - RXO, Inc. (0001929561) (Filer)
8-K - RXO, Inc. (0001929561) (Filer)
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8-K - RXO, Inc. (0001929561) (Filer)
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8-K - RXO, Inc. (0001929561) (Filer)
8-K - RXO, Inc. (0001929561) (Filer)
8-K - RXO, Inc. (0001929561) (Filer)
10-Q - RXO, Inc. (0001929561) (Filer)
8-K - RXO, Inc. (0001929561) (Filer)
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Raymond James resumed coverage of RXO, Inc. with a rating of Mkt Perform
TD Cowen reiterated coverage of RXO, Inc. with a rating of Hold and set a new price target of $20.00 from $19.00 previously
TD Cowen reiterated coverage of RXO, Inc. with a rating of Market Perform and set a new price target of $19.50 from $16.50 previously
BofA Securities downgraded RXO, Inc. from Buy to Neutral
Vertical Research downgraded RXO, Inc. from Buy to Hold
JP Morgan downgraded RXO, Inc. from Neutral to Underweight and set a new price target of $16.00 from $17.00 previously
Susquehanna downgraded RXO, Inc. from Neutral to Negative and set a new price target of $14.00 from $19.00 previously
Wolfe Research downgraded RXO, Inc. from Peer Perform to Underperform and set a new price target of $18.00
Susquehanna initiated coverage of RXO, Inc. with a rating of Neutral and set a new price target of $20.00
Barclays initiated coverage of RXO, Inc. with a rating of Overweight and set a new price target of $27.00
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
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RXO (NYSE:RXO) today announced that company leaders will participate in the following investor conferences: Event: Jeffries Industrials Conference in New York Presentation: Wednesday, September 4, 3:05 – 3:35 p.m. EDT Speakers: Drew Wilkerson, chief executive officer; Jamie Harris, chief financial officer; Jared Weisfeld, chief strategy officer Event: Morgan Stanley 12th Annual Laguna Conference in Dana Point, California Presentation: Wednesday, September 11, 5:00 – 5:30 p.m. EDT Speakers: Drew Wilkerson, Jared Weisfeld A live webcast and replay of the presentation will be available at http://investors.rxo.com. About RXO RXO (NYSE:RXO) is a leading provider of ass
RXO (NYSE:RXO), a leading provider of asset-light transportation solutions, launched a prepay capability through the RXO Fuel Card. The new prepay solution enables drivers to plan their fuel spend and more effectively maintain their budgets. Carriers can preload funds to the RXO Fuel Card using their personal credit or debit card. Additionally, the new pay-as-you-go option has a quick approval process, no setup fee and allows drivers to take advantage of RXO's Fuel Card discounts. Carriers can easily access the prepay interface via RXO Connect™, RXO's proprietary platform for shippers and carriers. "RXO is committed to providing our carrier network with solutions that make their busines
RXO (NYSE:RXO), a leading provider of asset-light transportation solutions, announced its dedicated transportation business was recognized as a 2024 SmartWay High Performer by the U.S. Environmental Protection Agency (EPA) in the Truckload / Dry Van Truck Carrier Carbon Metrics category. EPA's SmartWay program is dedicated to enhancing the efficiency and sustainability of supply chain transportation. RXO was recognized for the second straight year for achieving efficiency and/or air quality performance within the top-ranked performance range. "It is an honor to be recognized again by the EPA as a SmartWay High Performer," said Brian Dean, president of RXO's managed transportation busine
Company intends to use the proceeds for the planned acquisition of Coyote Logistics Coyote acquisition expected to close in the first half of the fourth quarter RXO (NYSE:RXO), a leading provider of asset-light transportation solutions, today announced that it has entered into purchase agreements with MFN Partners, LP and certain accounts managed by Orbis Investments for a $550 million private financing. The company intends to use the proceeds from the transaction to finance a portion of the pending acquisition of Coyote Logistics, UPS' technology-driven, asset-light based truckload freight brokerage services business. The acquisition is expected to close in the first half of the f
RXO (NYSE:RXO), a leading provider of asset-light transportation solutions, received the Quest for Quality award from Logistics Management in the Bulk Motor Carriers category. "It's a great honor to be recognized for the outstanding service we provide to our bulk transport customers," said Lou Amo, president of RXO's brokerage business. "This recognition is a testament to the hard work and dedication of our team. We're committed to providing outstanding service, comprehensive solutions, continuous innovation and the deepest customer relationships in the industry." In its 41st year, the Logistics Management Quest for Quality awards program recognizes the highest level of service and perf
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
ATLANTA, July 09, 2024 (GLOBE NEWSWIRE) -- Shiplify, the primary accessorial revenue identifier for carriers, shippers and third party logistics (3PL) providers, today announced a strategic partnership with RXO, a leading provider of asset-light transportation solutions. The integration of Shiplify's data with RXO's proprietary RXO Connect™ platform provides RXO's less-than-truckload (LTL) customers with accessorial visibility ahead of delivery, improving transparency during the billing process. By leveraging Shiplify's AI data capture, honed by processing millions of shipments from leading LTL carriers, RXO customers can obtain accurate location data, ensuring efficient planning and exec
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
Drew Wilkerson, chief executive officer of RXO (NYSE:RXO), a leading provider of asset-light transportation solutions, has been named to the Charlotte Business Journal's prestigious Most Admired CEO list for 2024. This recognition highlights Wilkerson's exceptional leadership, strategic vision and commitment to innovation, which has been instrumental in driving RXO's success, even in one of the most challenging freight markets to date. The Most Admired CEO Awards program honors established leaders in the Charlotte region who have demonstrated exceptional vision, commitment to company culture and positive impact extending beyond the boardroom. Wilkerson's inclusion in the 2024 class recogn
Barclays analyst Brandon Oglenski maintains RXO (NYSE:RXO) with a Overweight and raises the price target from $24 to $30.
JP Morgan analyst Brian Ossenbeck maintains RXO (NYSE:RXO) with a Underweight and raises the price target from $16 to $25.
U.S. stock futures were mostly higher this morning, with the Dow futures gaining around 100 points on Monday. Shares of RXO, Inc.. (NYSE:RXO) shares rose sharply in today's pre-market trading after the company inked a definitive agreement to acquire Coyote Logistics from United Parcel Service, Inc. (NYSE:UPS) for $1.025 billion in cash. As per the terms, the transaction disclosed on Sunday will be financed through a combination of equity and debt, including a $300 million equity investment from MFN Partners and a $250 million equity investment from Orbis Investments, both significant shareholders of RXO. RXO shares jumped 13.3% to $22.90 in pre-market trading. Here are some big s
RXO, Inc. (NYSE:RXO) shares are trading higher after the company inked a definitive agreement to acquire Coyote Logistics from United Parcel Service, Inc. (NYSE:UPS) for $1.025 billion in cash. As per the terms, the transaction disclosed on Sunday will be financed through a combination of equity and debt, including a $300 million equity investment from MFN Partners and a $250 million equity investment from Orbis Investments, both significant shareholders of RXO. RXO will maintain its role in fulfilling UPS’s brokered transportation requirements under an existing contract valid until January 2030. This acquisition is expected to bolster RXO’s market standing, broaden its customer bas
RXO (NYSE:RXO) has entered into a definitive agreement to acquire Coyote Logistics, an asset-light freight brokerage business, for $1.025 billion from UPS. This acquisition will enhance RXO's market position, diversify and expand its customer base, and broaden its carrier network. At closing, RXO will be the third-largest provider of brokered transportation in North America. "RXO's highly accretive acquisition of Coyote will immediately increase the scale of our brokerage business, providing customers with more capacity across a wider array of power lanes," said Drew Wilkerson, chief executive officer of RXO. "RXO will realize significant synergies from the acquisition by quickly integratin
Benchmark analyst Christopher Kuhn reiterates RXO (NYSE:RXO) with a Hold.
Raymond James analyst Felix Boeschen reinstates RXO (NYSE:RXO) with a Market Perform.
Stephens & Co. analyst Daniel Imbro reiterates RXO (NYSE:RXO) with a Equal-Weight and maintains $22 price target.