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

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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), a leading provider of asset-light transportation solutions, was named a 2024 Top Company for Women to Work for in Transportation by the Women in Trucking Association. For the second consecutive year, RXO was also named to the "Elite 30" list, which recognizes companies that generated the highest number of industry-wide votes in an online poll. "RXO is proud to be recognized by the Women in Trucking Association," said Heidi Ratti, Chief Human Resources Officer at RXO. "We remain committed to creating an inclusive workplace that empowers all employees and values diverse perspectives. RXO supports female employees and will continue to build and develop programs and benefits to

RXO (NYSE:RXO) today announced that company leaders will participate in the following investor conferences: Event: Scotiabank 24th Annual Transportation & Industrials Conference in Toronto, Ontario Presentation: Thursday, November 14, 10 a.m. EST Speakers: Jared Weisfeld, chief strategy officer Event: Stephens Annual Investment Conference in Nashville, Tennessee Presentation: Tuesday, November 19, 5:00 p.m. EST Speakers: Drew Wilkerson, chief executive officer; Jamie Harris, chief financial officer; Jared Weisfeld Live webcasts and replays of the presentations will be available at http://investors.rxo.com. About RXO RXO (NYSE:RXO) is a leading provider of asset-light transpo

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

Service members from across North Carolina participated in the event at Bank of America Stadium on Tuesday RXO (NYSE:RXO), a leading provider of asset-light transportation solutions, presented the Oorah Hooah Classic 7-on-7 Football Tournament with the Carolina Panthers at Bank of America Stadium on Tuesday. The event featured 7-on-7 style football games between active-duty service members from the Army and Marines. More than 50 active-duty service members stationed at Fort Liberty and Camp Lejeune competed on four teams in three games of pool play, culminating in a single-elimination tournament to decide the champion. "It's an honor to be back here for the second consecutive year with th

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

Karin Bridges and Lindsey Martinez recognized as outstanding female leaders in the supply chain industry RXO (NYSE:RXO) leaders Karin Bridges and Lindsey Martinez were named as winners of this year's Women in Supply Chain Award by Supply & Demand Chain Executive and Food Logistics. The award honors female supply chain leaders and executives whose accomplishments, mentorships and examples set a foundation for women in all levels of a company's supply chain network. "We're thrilled to celebrate the achievements of two exceptional RXO leaders – Karin and Lindsey," said Drew Wilkerson, chief executive officer of RXO. "Their remarkable professionalism and drive set a high standard within the o

RXO is now the third-largest provider of brokered transportation in North America RXO (NYSE:RXO), a leading provider of asset-light transportation solutions, today announced it has completed its acquisition of Coyote Logistics from UPS for a purchase price of $1.025 billion. The company is now the third-largest provider of brokered transportation in North America. This acquisition enhances RXO's market position, diversifies and expands its customer base and broadens its carrier network. For customers, RXO now offers increased network density and additional power lanes. For carriers, RXO offers access to more customers with opportunities to reduce deadhead miles. "We're thrilled to welcom

RXO (NYSE:RXO), a leading provider of asset-light transportation solutions, today announced that is has upsized its previously announced public offering of common stock to $500 million in total gross proceeds, pricing 19,230,770 shares of its common stock at a price of $26.00 per share. The offering is expected to close on September 11, 2024, subject to customary closing conditions. RXO has granted the underwriters of the offering an option to purchase up to an additional 2,884,615 shares of common stock at the public offering price less underwriting discounts and commissions. RXO intends to use the net proceeds from the offering to finance a portion of the pending acquisition of Coyote L

RXO (NYSE:RXO), a leading provider of asset-light transportation solutions, today announced it intends to make an offering of $350,000,000 of shares of its common stock. RXO's common stock is listed on the New York Stock Exchange under the symbol "RXO." RXO intends to grant the underwriters of the offering an option to purchase up to an additional $52,500,000 of shares of common stock at the public offering price less underwriting discounts and commissions. RXO intends to use the net proceeds from the offering to finance a portion of the pending acquisition of Coyote Logistics, UPS's technology-driven, asset-light freight brokerage business. The offering is not contingent on the consummat

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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.

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