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RXO, Inc. - RXO STOCK NEWS

Welcome to our dedicated news page for RXO (Ticker: RXO), a resource for investors and traders seeking the latest updates and insights on RXO.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect RXO's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of RXO's position in the market.

Rhea-AI Summary
RXO Expands Responsible Care Certification to Include Brokerage Operations in Charlotte, NC
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.97%
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none
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Rhea-AI Summary
RXO (NYSE: RXO) will release its Q1 financial results on May 2, 2024, followed by a conference call. Investors can access the webcast or call in for details. A replay will be available until May 23, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.05%
Tags
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Rhea-AI Summary
RXO's vice president of technology, Alyssa Myers, recognized by Women in Trucking as a top female leader in the transportation industry for her innovative contributions to RXO's freight brokerage platforms, RXO Connect™ and RXO Drive™.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.44%
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none
Rhea-AI Summary
RXO (NYSE: RXO) executives Lou Amo, Brian Dean, and Alyssa Myers were honored as 2024 Pros to Know by Supply & Demand Chain Executive for their leadership in the supply chain industry. Amo's freight brokerage business saw a 15% increase in Q4 2023 despite market challenges, showcasing growth and employee development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.6%
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none
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Rhea-AI Summary
RXO (NYSE: RXO) announces Jared Weisfeld, Chief Strategy Officer, to participate in investor conferences hosted by Raymond James and J.P. Morgan. Webcast and replay available on the company's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.28%
Tags
conferences
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Rhea-AI Summary
RXO (NYSE: RXO) announced its financial results for the fourth quarter and full year of 2023, with continued growth in its brokerage business, increased gross margin, and a focus on cost discipline. The company's revenue was $1.0 billion for the fourth quarter, with a gross margin of 18.0 percent. Adjusted EBITDA was $31 million, compared to $64 million in the fourth quarter of 2022. RXO's brokerage business grew volume 15 percent year-over-year in the fourth quarter, including full truckload volume growth of 11 percent and less-than-truckload volume growth of 45 percent. The company's complementary services gross margin was 20.9% for the quarter, up 40 basis points year-over-year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.7%
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none
Rhea-AI Summary
RXO (NYSE: RXO) will participate in the Barclays 41st Annual Industrials Select Conference in Miami, Florida. The CEO, chief strategy officer, and senior market strategist will present on February 21. A live webcast and replay will be available on the company's investor website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.58%
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none
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Rhea-AI Summary
RXO (NYSE: RXO) has launched a new AI-powered check-in system for trucks at warehouses and distribution centers, reducing wait times and improving data accuracy. The visual AI technology automates the process of recording trailer numbers and matching appointments, streamlining the check-in and security process. This system has already produced positive results at RXO's Laredo, Texas facility, and the company plans to implement it at other high truck volume locations and offer it as a standalone service to other companies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.02%
Tags
AI
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Rhea-AI Summary
RXO (NYSE: RXO) to Release Fourth-Quarter Financial Results on February 8, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
Tags
News
Rhea-AI Summary
RXO (NYSE: RXO) has been recognized with the Top Software & Tech award by Supply and Demand Chain Executive and Food Logistics for its technology platform, RXO Connect™, which offers shippers a convenient way to move freight with more than 10,000 reliable carriers. The application incorporates robust AI and machine learning algorithms trained on more than a decade's worth of rich data. This recognition highlights RXO's commitment to transforming the transportation industry with cutting-edge technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.29%
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none
RXO, Inc.

NYSE:RXO

RXO Rankings

RXO Stock Data

2.22B
100.61M
0.73%
103.98%
2.52%
General Freight Trucking, Local
Transportation and Warehousing
Link
United States of America
CHARLOTTE