STOCK TITAN

RXO, Inc. - RXO STOCK NEWS

Welcome to our dedicated page for RXO news (Ticker: RXO), a resource for investors and traders seeking the latest updates and insights on RXO stock.

RXO, Inc. (symbol: RXO) is a pioneering brokered transportation platform leveraging cutting-edge technology and a nimble, asset-light business model. The core of the company's operations is its robust truck brokerage business, which stands as the largest component of its operations. RXO, Inc. further diversifies its portfolio with three asset-light, brokered transportation services that complement its primary business:

  • Managed Transportation: Offering comprehensive transportation management solutions that streamline logistics and reduce costs for clients.
  • Last Mile: Ensuring the efficient delivery of goods to the final destination, enhancing customer satisfaction with timely arrivals.
  • Freight Forwarding: Facilitating the global movement of goods through strategic partnerships and optimized routing.

Operating predominantly within North America, RXO, Inc. maintains a singular reportable segment that underscores its focus within the transportation industry. The company is committed to innovation, continually enhancing its technology to provide superior services to its clientele.

Recent achievements highlight the company’s strategic initiatives and financial health, positioning RXO, Inc. as a leader in the transportation sector. Partnerships with key industry players and ongoing projects aimed at expanding service capabilities further underscore its market significance.

For the latest updates on RXO, Inc., including financial performance, ongoing projects, and strategic developments, stay tuned to our news section.

Rhea-AI Summary
RXO (NYSE: RXO) announced its Q3 2023 financial results. Full-truckload brokerage volume increased 13%, less-than-truckload volume increased 55%. Companywide gross margin was 17.7%. Revenue was $1.0 billion, with a GAAP net loss of $1 million. Adjusted net income was $6 million. Brokerage business grew volume 18% year-over-year. RXO's technology platform covered 97% of brokerage loads. The company also improved its capital structure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.27%
Tags
none
-
Rhea-AI Summary
RXO, a leading provider of asset-light transportation solutions, is celebrating its one-year anniversary as a standalone, publicly traded company. Since its spin-off from XPO on November 1, 2022, RXO has achieved significant milestones, including opening new offices and a cross-border facility, winning awards, and reaching over one million downloads of its app, RXO Drive™.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.46%
Tags
none
-
Rhea-AI Summary
RXO, a leading provider of asset-light transportation solutions, has been named a 2023 Top Company for Women to Work for in Transportation by the Women in Trucking Association. They were also recognized as part of the 'Elite 30' list, which highlights companies with the highest industry-wide votes in Women in Trucking's poll. RXO is committed to fostering an inclusive workplace and offers a comprehensive benefits package to eligible employees.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.94%
Tags
none
Rhea-AI Summary
RXO Wins Best in HR Award from Charlotte Business Journal
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.16%
Tags
none
-
Rhea-AI Summary
RXO to participate in Stephens Annual Investment Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.91%
Tags
none
-
Rhea-AI Summary
RXO changes date of third-quarter earnings and investor conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.61%
Tags
Rhea-AI Summary
RXO announces expansion of its Flex Fleet program, a nationwide drop-trailer solution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.26%
Tags
none
-
Rhea-AI Summary
RXO (NYSE: RXO) will release Q3 financial results on November 8, 2023. Conference call at 8am EST. Webcast available at http://investors.rxo.com. Call replay available until Nov 8, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.4%
Tags
-
Rhea-AI Summary
RXO presented the Oorah Hooah Classic 7-on-7 Football Tournament with the Carolina Panthers at Bank of America Stadium. More than 50 active-duty service members competed in the tournament. RXO donated $10,000 to the USO of North Carolina. RXO is the official supply chain and logistics partner of the Panthers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.17%
Tags
none
Rhea-AI Summary
Three RXO leaders recognized for their accomplishments in the supply chain industry, positive for company reputation
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.81%
Tags
none

FAQ

What is the current stock price of RXO (RXO)?

The current stock price of RXO (RXO) is $25 as of December 20, 2024.

What is the market cap of RXO (RXO)?

The market cap of RXO (RXO) is approximately 3.9B.

What is RXO, Inc.?

RXO, Inc. is a brokered transportation platform focused on truck brokerage and complemented by managed transportation, last mile, and freight forwarding services.

What services does RXO, Inc. offer?

RXO, Inc. offers truck brokerage, managed transportation, last mile delivery, and freight forwarding services.

Where does RXO, Inc. primarily operate?

RXO, Inc. primarily operates within North America.

What is the business model of RXO, Inc.?

RXO, Inc. operates an asset-light business model, focusing on using advanced technology to enhance brokered transportation services.

What is the core business of RXO, Inc.?

The core business of RXO, Inc. is truck brokerage.

How does RXO, Inc. enhance its services?

RXO, Inc. uses cutting-edge technology to improve its transportation services, focusing on efficiency and customer satisfaction.

What is the structure of RXO, Inc.'s operations?

RXO, Inc. operates in one reportable segment within the transportation industry, focusing on brokered services.

Does RXO, Inc. have any partnerships?

Yes, RXO, Inc. has strategic partnerships with key industry players to enhance its service offerings.

What are the latest developments at RXO, Inc.?

For the latest updates on RXO, Inc.'s financial performance, projects, and strategic initiatives, refer to our news section.

Why is the asset-light model significant for RXO, Inc.?

The asset-light model allows RXO, Inc. to be nimble and efficient, reducing overhead costs while leveraging technology to optimize transportation services.

RXO, Inc.

NYSE:RXO

RXO Rankings

RXO Stock Data

3.89B
158.33M
0.72%
103.43%
2.55%
Trucking
Transportation Services
Link
United States of America
CHARLOTTE