RXO News Updates

But the Charlotte, N.C.-based asset-light transportation provider posted a net loss of $20 million, or negative 12 cents a diluted share, for the three months ending Dec. 31.

With delivery expectations climbing and freight fraud concerns lingering, shippers and logistics providers have had to step up efforts to vet and verify carriers.

North Carolina Gov. Roy Cooper and other state officials announced a $13.7 million expansion by RXO in its Ballantyne operations to add 216 jobs over the coming years.

RXO posted an increase in third-quarter revenue despite a persistently soft market environment by focusing on its customer relationships, the company reported Nov. 7.

RXO has finalized its $1.025 billion acquisition of Coyote Logistics from UPS, a move that makes RXO the third-largest provider of brokered transportation in North America.

The Charlotte, N.C.-based asset-light transportation provider posted a net loss of $7 million, or 6 cents a diluted share.

UPS Inc. has entered into a definitive agreement to sell its asset-light freight brokerage business, Coyote Logistics, to RXO Inc., the company announced June 23.

RXO experienced its fourth consecutive quarter of double-digit brokerage volume growth for the first quarter of 2024, the company reported May 2.

RXO closed out its first full year as a stand-alone company by reporting fourth-quarter earnings gains on a year-over-year revenue decline, the company detailed Feb. 8.

RXO reported negative net income and a 14% decline in revenue during the third quarter.