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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) named to SupplyChainBrain’s 2023 Top 100 Great Supply Chain Partners list. CEO Drew Wilkerson expresses gratitude for the nomination. RXO offers truck brokerage, managed transportation, freight forwarding, and last mile delivery with cutting-edge technology and massive capacity.
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RXO (NYSE: RXO) Reports 10% Increase in Brokerage Volume and Strong Gross Margins for Q2 2023
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RXO, a leading provider of asset-light transportation solutions, has been named to the 2023 Top 100 3PL Provider list by Inbound Logistics. The selection was based on specialty services, types of customers, company culture, and ability to solve unique challenges. RXO offers truck brokerage, managed transportation, freight forwarding, and last mile delivery. Their proprietary technology platform, RXO Connect™, utilizes machine learning and AI to optimize transportation spend.
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RXO (NYSE: RXO) has been named the 2023 Best Truck Transportation Solution by the World Future Awards for its mobile application, RXO Drive™. The app helps truck drivers find freight loads and manage their business efficiently. RXO's technology uses AI and machine learning to help carriers bid on freight in real time.
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RXO announces new partnerships to help truck drivers save money through their carrier rewards program and marketplace, RXO Extra™. The partnerships include discounts on phone plans, fuel, maintenance, tires, retail, and more.
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RXO, a leading provider of asset-light transportation solutions, is expanding its office in Ann Arbor, Michigan and creating 140 new jobs in the state. The company has invested $2.6 million in the expansion and received a $650,000 performance-based grant. The office features state-of-the-art facilities and is located in the Domino's Farms Office Park.
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FAQ

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

The current stock price of RXO (RXO) is $27.93 as of November 1, 2024.

What is the market cap of RXO (RXO)?

The market cap of RXO (RXO) is approximately 4.6B.

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

4.58B
160.79M
0.72%
90.38%
2.46%
Trucking
Transportation Services
Link
United States of America
CHARLOTTE