RXO(NYSE) RXO

RXO, Inc. NYSE:RXO connects companies that need shipping with truck drivers. It helps businesses find space using a digital marketplace. The platform simplifies moving goods across the United States.

Filling Up the Trucks

• Truck Brokerage: Connects shippers with independent carriers through a digital marketplace to fill available truckload space.
• Managed Transportation: Asset-light solutions for shippers who outsource freight planning, procurement, and performance monitoring to gain cost savings.
• Last Mile: Facilitates home delivery of heavy goods like appliances for e-commerce retailers and direct-to-consumer manufacturers.
• Freight Forwarding: Coordinates international ocean and air transportation while handling customs brokerage and domestic middle-mile services.

Growing the Network

• Completed an offering of $400 million in unsecured notes on Feb. 20, 2026, to refinance existing debt.
• Entered into a $450 million asset-based revolving credit facility on Feb. 5, 2026, to fund operations.
• Integrated adjustments related to the Coyote acquisition during the first six months of 2025.
• Redeemed all outstanding 7.50% notes due in 2027 to lower future interest expenses.

High-Tech Freight Matching

RXO operates an asset-light model that uses proprietary digital technology to match shipper demand with independent carrier capacity. Its marketplace provides real-time pricing and visibility for freight moving through road, air charter, and ocean shipping lanes.

Counting the Loads

• Revenue rose 25.0% to $1.8 billion in the second quarter of 2026 compared to the same period in 2025.
• Truck brokerage revenue per load increased 44% during the three-month period ended June 30, 2026.
• The company reported a net loss of $9 million for the second quarter of 2026.
• Net cash used in operating activities was $47 million for the first six months of 2026.
• Accounts receivable grew by $218 million between Dec. 31, 2025, and June 30, 2026, due to higher revenue.

The Evolution of RXO

RXO has established itself as a standalone digital brokerage platform focused on technology integration and asset-light logistics. Its recent debt refinancing and restructuring efforts aim to improve operating leverage and efficiency in a competitive freight market.