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The latest update is out from RXO, Inc. ( (RXO) ).
On February 5, 2025, RXO reported its financial results for the fourth quarter of 2024, highlighting a successful integration of Coyote Logistics and increased synergies. Despite a GAAP net loss of $20 million, the company achieved a 10% sequential growth in brokerage volume and a 15% year-over-year growth in last mile stops, with revenue reaching $1.7 billion. The company remains optimistic about its strategic investments and increased scale, positioning itself well for future growth despite a soft freight market.
More about RXO, Inc.
RXO (NYSE: RXO) is a leading provider of asset-light transportation solutions, offering tech-enabled truck brokerage services and complementary solutions such as managed transportation and last mile delivery. The company leverages extensive capacity and advanced technology to efficiently manage freight across North America, and is headquartered in Charlotte, N.C.
YTD Price Performance: 6.72%
Average Trading Volume: 1,048,683
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $3.96B
For detailed information about RXO stock, go to TipRanks’ Stock Analysis page.
