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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.

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RXO (NYSE: RXO) has announced that its CEO Drew Wilkerson, CFO Jamie Harris, and Chief Strategy Officer Jared Weisfeld will participate in key investor conferences in May 2023. The first event is the Oppenheimer 18th Annual Industrial Growth Conference, where they will present on May 9 from 3:00 - 3:35 p.m. EDT. The second event is the Goldman Sachs Industrials and Materials Conference in New York, scheduled for May 10 from 11:35 a.m. - 12:10 p.m. EDT. Interested parties can access live webcasts and replays at investors.rxo.com. RXO is a leader in asset-light transportation solutions, leveraging technology to connect over 100,000 independent carriers with approximately 10,000 customers in North America.

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RXO (NYSE: RXO), a leader in asset-light transportation solutions, has been named a Supplier of the Year by General Motors at their annual awards ceremony in San Antonio, Texas. This recognition marks the fifth consecutive year RXO has received this honor.

The award highlights RXO's excellence in delivering innovative technologies that enhance GM's aftermarket parts distribution. RXO has collaborated with GM for over a decade, focusing on efficiency and on-time delivery. CEO Drew Wilkerson expressed pride in this partnership, emphasizing RXO's commitment to reliable logistics solutions for GM's dealers.

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RXO (NYSE: RXO) plans to release its first quarter financial results on May 3, 2023, before the New York Stock Exchange opens. The company will host a conference call at 8 a.m. EDT on the same day to discuss the results, which will be accessible via their investor website. RXO specializes in asset-light transportation solutions, offering tech-enabled truck brokerage and other logistics services, connecting around 10,000 customers with over 100,000 independent carriers across North America.

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RXO Drive™, part of the RXO Connect™ platform, has surpassed one million downloads, marking significant growth since its launch.

This free mobile app helps truck drivers find loads, negotiate rates, and manage trips, aiding small fleet carriers across North America. By the end of 2022, 87% of RXO’s loads were digitally handled, reflecting a 45% increase in downloads year-over-year. RXO, a leader in asset-light transportation solutions, utilizes advanced technologies like machine learning and AI to optimize freight operations, making the app an essential tool for profitability in the trucking industry.

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FAQ

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

The current stock price of RXO (RXO) is $29.79 as of November 8, 2024.

What is the market cap of RXO (RXO)?

The market cap of RXO (RXO) is approximately 4.7B.

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

4.69B
160.80M
0.72%
90.38%
2.46%
Trucking
Transportation Services
Link
United States of America
CHARLOTTE