The latest announcement is out from RXO, Inc. ( (RXO) ).
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RXO has reported strong third-quarter 2024 results, showcasing a solid performance despite a challenging freight market. The company’s acquisition of Coyote Logistics is on track, with anticipated cost synergies of $40 million. RXO’s revenue rose to $1.04 billion, driven by strategic investments and a focus on execution. The company’s managed transportation sector secured significant new business, underscoring its robust sales pipeline and growth in complementary services.
Find detailed analytics on RXO stock on TipRanks’ Stock Analysis page.
