RXO, Inc. (RXO)

NYSE: RXO · IEX Real-Time Price · USD
21.17
+0.19 (0.91%)
May 14, 2024, 4:00 PM EDT - Market closed
0.91%
Market Cap 2.49B
Revenue (ttm) 3.83B
Net Income (ttm) -11.00M
Shares Out 117.55M
EPS (ttm) -0.10
PE Ratio n/a
Forward PE 71.60
Dividend n/a
Ex-Dividend Date n/a
Volume 517,321
Open 21.30
Previous Close 20.98
Day's Range 21.13 - 21.49
52-Week Range 16.94 - 24.33
Beta n/a
Analysts Hold
Price Target 20.55 (-2.93%)
Earnings Date May 2, 2024

About RXO

RXO, Inc. provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina. [Read more]

Industry Trucking
Sector Industrials
Founded 2022
Employees 8,432
Stock Exchange NYSE
Ticker Symbol RXO
Full Company Profile

Financial Performance

In 2023, RXO, Inc.'s revenue was $3.93 billion, a decrease of -18.12% compared to the previous year's $4.80 billion. Earnings were $4.00 million, a decrease of -95.65%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for RXO stock is "Hold." The 12-month stock price forecast is $20.55, which is a decrease of -2.93% from the latest price.

Price Target
$20.55
(-2.93% downside)
Analyst Consensus: Hold
Stock Forecasts

News

RXO Announces First-Quarter Results, Including Double-Digit Brokerage Volume Growth for Fourth-Consecutive Quarter

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO) today announced its financial results for the first quarter of 2024. Drew Wilkerson, chief executive officer of RXO, said, “RXO continue...

13 days ago - Business Wire

RXO Announces Participation at Oppenheimer 19th Annual Industrial Growth Conference

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO) today announced that Jamie Harris, chief financial officer, and Kevin Sterling, senior market strategist, will participate in the virtua...

14 days ago - Business Wire

RXO Expands Responsible Care® Certification

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO), a leading provider of asset-light transportation, announced today it has expanded its Responsible Care® certification from the American...

5 weeks ago - Business Wire

RXO Schedules First-Quarter Earnings and Investor Conference Call for May 2, 2024

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO) will issue its first-quarter financial results before the opening of the New York Stock Exchange on Thursday, May 2, 2024. The company's...

6 weeks ago - Business Wire

Three RXO Leaders Win Supply & Demand Chain Executive 2024 Pros to Know Award

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, announced today that Lou Amo, Brian Dean and Alyssa Myers were named 2024 P...

2 months ago - Business Wire

RXO Announces Participation at Upcoming Investor Conferences

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO) today announced that Jared Weisfeld, chief strategy officer, will participate in the following investor conferences: Event: Raymond James 45th Annual ...

2 months ago - Business Wire

RXO Announces Results for Fourth-Quarter 2023, Including Double-Digit Brokerage Volume Growth for Third-Consecutive Quarter

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 continu...

3 months ago - Business Wire

RXO Announces Participation at Barclays 41st Annual Industrials Select Conference

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO) today announced that Drew Wilkerson, chief executive officer; Jared Weisfeld, chief strategy officer; and Kevin Sterling, senior market strategist, wi...

3 months ago - Business Wire

Letting AI Take the Wheel for Logistics Can Add Efficiency, RXO Says

The transport industry is the heart of commerce and the linchpin of a functional economy. Moving goods more efficiently, more effectively and at the lowest cost possible isn't going out of style anyti...

3 months ago - PYMNTS

RXO Launches AI-Powered Check-In System for Trucks Arriving at Warehouses

RXO, a provider of asset-light transportation solutions, has launched an artificial intelligence (AI)-powered check-in system for trucks arriving at warehouses and distribution centers. This visual AI...

4 months ago - PYMNTS

RXO Launches AI-Powered Truck Check-In Technology for Warehouses and Distribution Centers

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, launched a new AI-powered check-in system for trucks arriving at warehouses and distribut...

4 months ago - Business Wire

RXO Schedules Fourth-Quarter Earnings and Investor Conference Call for February 8, 2024

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO) will issue its fourth-quarter financial results before the opening of the New York Stock Exchange on Thursday, February 8, 2024. The company's results...

4 months ago - Business Wire

We're still in a soft freight environment, says RXO CEO Drew Wilkerson

Drew Wilkerson, RXO CEO, discusses the state of freight in the midst of the holiday spending season.

5 months ago - CNBC Television

RXO Earns 2023 Top Software & Tech Award

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, was named a winner of the Top Software & Tech award by Supply and Demand Chain Executive ...

5 months ago - Business Wire

RXO Expands Ohio Office

DUBLIN, Ohio--(BUSINESS WIRE)--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, announced the opening of its newly expanded Dublin, Ohio, brokerage office. “We are excited ...

5 months ago - Business Wire

RXO Earns 2024 Military Friendly® Employer Designation

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, announced today it has earned the 2024 Military Friendly® Employer designation. Instituti...

6 months ago - Business Wire

RXO Opens Expanded Brokerage Office in Plano, Texas

PLANO, Texas--(BUSINESS WIRE)--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, celebrated the opening of the company's expanded freight brokerage office in Plano, Texas. “...

6 months ago - Business Wire

RXO Announces Results for Third-Quarter 2023, Including 18 Percent Brokerage Volume Growth

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO) today announced its financial results for the third quarter of 2023. Drew Wilkerson, chief executive officer of RXO, said, “RXO continued to execute w...

6 months ago - Business Wire

RXO CEO: We are confident in our ability to perform in any market cycle

RXO CEO Drew Wilkerson joins 'Squawk on the Street' to discuss where the economy is in the freight cycle, how much room there is to grow market share, and more.

6 months ago - CNBC Television

RXO to Celebrate Its One-Year Anniversary by Ringing the Opening Bell® of the New York Stock Exchange

NEW YORK--(BUSINESS WIRE)--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, will celebrate its one-year anniversary as a standalone, publicly traded company by ringing the ...

7 months ago - Business Wire

RXO Wins Best in HR Award From Charlotte Business Journal

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO, (NYSE: RXO), a leading provider of asset-light transportation solutions, won the 2023 Best in HR award from the Charlotte Business Journal (CBJ) in the publicly-...

7 months ago - Business Wire

RXO Announces Participation at Stephens Annual Investment Conference

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO) today announced that Drew Wilkerson, chief executive officer; Jamie Harris, chief financial officer; Jared Weisfeld, chief strategy officer and Kevin ...

7 months ago - Business Wire

RXO Announces Date Change for Third-Quarter Earnings and Investor Conference Call

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO) announced today it has changed the date of its third-quarter earnings and investor conference call. RXO will now issue the results before the opening ...

7 months ago - Business Wire

RXO Adds Drop Trailer Capacity with Flex Fleet Program

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, announced the expansion of its Flex Fleet program, a nationwide drop-trailer solution. Th...

7 months ago - Business Wire

J.P. Morgan upgrades CSX and cuts rating on RXO

CSX Corp.'s stock was up 1.6% in premarket trading on Wednesday after J.P. Morgan upgraded the rail company to overweight from neutral.

Other symbols: CSX
7 months ago - Market Watch