RXO Announces Results for Fourth-Quarter 2023, Including Double-Digit Brokerage Volume Growth for Third-Consecutive Quarter
RXO, Inc. (RXO)
Company Research
Source: Business Wire
Full-truckload brokerage volume increased 11 percent year-over-year and less-than-truckload volume increased 45 percent year-over-yearContinued momentum in RXO's brokerage business with multiple brokerage records in the quarter including total volume and quarterly loads per dayCompanywide gross margin of 18.0 percent; brokerage gross margin of 14.8 percent CHARLOTTE, N.C.--(BUSINESS WIRE)--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 double-digit volume growth with strong gross margin. Our managed transportation business secured several new managed expedite customers, solidifying our position as a leading provider of this service. Our focus on profitable growth and cost discipline enabled us to expand companyw
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News
- RXO Announces First-Quarter Results, Including Double-Digit Brokerage Volume Growth for Fourth-Consecutive Quarter [Yahoo! Finance]Yahoo! Finance
- RXO Announces First-Quarter Results, Including Double-Digit Brokerage Volume Growth for Fourth-Consecutive QuarterBusiness Wire
- RXO Announces Participation at Oppenheimer 19th Annual Industrial Growth ConferenceBusiness Wire
- Analysts Estimate RXO (RXO) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- RXO, Inc. (NYSE: RXO) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
RXO
Earnings
- 5/2/24 - Beat
RXO
Sec Filings
- 5/2/24 - Form 8-K
- 4/26/24 - Form 4
- 4/24/24 - Form 4
- RXO's page on the SEC website