RXO, Inc. (RXO)

NYSE: RXO · IEX Real-Time Price · USD
27.04
+0.03 (0.11%)
At close: Jul 2, 2024, 4:00 PM
26.94
-0.10 (-0.37%)
After-hours: Jul 2, 2024, 7:09 PM EDT
0.11%
Market Cap 3.18B
Revenue (ttm) 3.83B
Net Income (ttm) -11.00M
Shares Out 117.55M
EPS (ttm) -0.10
PE Ratio n/a
Forward PE 101.35
Dividend n/a
Ex-Dividend Date n/a
Volume 712,329
Open 27.02
Previous Close 27.01
Day's Range 26.91 - 27.29
52-Week Range 16.94 - 28.13
Beta n/a
Analysts Hold
Price Target 19.90 (-26.41%)
Earnings Date Jul 31, 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 $19.9, which is a decrease of -26.41% from the latest price.

Price Target
$19.9
(-26.41% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Cramer: UPS stock is ‘hard to own' after selling Coyote Logistics to RXO

Famed investor Jim Cramer is not all that excited about United Parcel Service Inc (NYSE: UPS) opting to sell its Coyote Logistics business to RXO Inc (NYSE: RXO). Shares of both companies are still up...

Other symbols: UPS
8 days ago - Invezz

RXO Surges After Buying Coyote Logistics Unit From UPS for More Than $1 Billion

RXO (RXO) shares soared in intraday trading Monday, a day after the package delivery firm purchased Coyote Logistics, the third-party asset-light freight brokerage unit of United Parcel Service (UPS),...

8 days ago - Investopedia

RXO Buys UPS Unit Coyote Logistics for $1 Billion

RXO Inc. has agreed to buy United Parcel Service Inc.'s asset-light freight brokerage business, Coyote Logistics, for more than $1 billion. Alexandra Semenova reports.

Other symbols: UPS
8 days ago - Bloomberg Markets and Finance

UPS Sells Coyote Logistics To RXO for $1 Billion

The transportation giant announced Sunday it had offloaded the third-party logistics provider.

Other symbols: UPS
8 days ago - Barrons

UPS announces sale of Coyote Logistics unit to RXO for $1 billion

United Parcel Service , the world' biggest parcel delivery firm, on Sunday said it would sell its Coyote Logistics business unit to RXO for $1.025 billion.

Other symbols: UPS
9 days ago - Reuters

RXO To Acquire Coyote Logistics From UPS

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO) has entered into a definitive agreement to acquire Coyote Logistics, an asset-light freight brokerage business, for $1.025 billion from ...

Other symbols: UPS
9 days ago - Business Wire

UPS Announces Sale of Coyote Logistics to RXO, Inc.

ATLANTA--(BUSINESS WIRE)--UPS (NYSE: UPS) announced today it has entered into an agreement to sell its Coyote Logistics business unit to RXO, Inc., for $1.025 billion. “As UPS positions itself to beco...

Other symbols: UPS
9 days ago - Business Wire

RXO CEO Drew Wilkerson Named to Charlotte Business Journal's Most Admired CEO list

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--Drew Wilkerson, chief executive officer of RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, has been named to the Charlotte ...

15 days ago - Business Wire

RXO Names Troy Cooper to Board of Directors

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #nyse--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, announced the appointment of Troy Cooper to its Board of Directors. Brad J...

18 days ago - Business Wire

RXO Wins Top Digital Freight Brokerage Software of the Year Award

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, won the Top Digital Freight Brokerage Software of the Year award from Suppl...

19 days ago - Business Wire

RXO Wins Merit Award in HR

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, was honored by the Merit Awards today for HR Technology Implementation for ...

27 days ago - Business Wire

RXO Announces Participation in Wells Fargo Industrials Conference

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #nyse--RXO (NYSE: RXO) today announced that Jared Weisfeld, chief strategy officer, will participate in the Wells Fargo Industrials Conference in Chicago, Ill...

4 weeks ago - Business Wire

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...

2 months 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...

2 months 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...

3 months 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...

3 months 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...

4 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 ...

4 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...

5 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...

5 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...

5 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...

6 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...

6 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...

6 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.

7 months ago - CNBC Television