RXO Inc Stock Price, News & Analysis

RXO, a leading asset-light transportation solutions provider, presented the 2024 Carolina Panthers Oorah Hooah Classic 7-on-7 Football Tournament at Bank of America Stadium on Tuesday. The event featured active-duty service members from the Army and Marines stationed at Fort Liberty and Camp Lejeune. More than 50 service members competed on four teams in three games of pool play, followed by a single-elimination tournament.

Active Panthers players, including Austin Corbett, Brady Christensen, Nick Scott, and Jammie Robinson, coached and cheered on the military teams. RXO, the official supply chain and logistics partner of the Panthers, also made a $10,000 donation to Veteran's Bridge Home to support veterans in various aspects of their reintegration.

RXO (NYSE: RXO) has announced its schedule for the third-quarter earnings release and investor conference call. The company will release its financial results on Thursday, November 7, 2024, before the New York Stock Exchange opens. The results will be available on the company's website, www.rxo.com.

Following the release, RXO will host a conference call at 8 a.m. EST on the same day. Investors can access the call through a live webcast or by phone. The conference call details include:

• Webcast: http://investors.rxo.com
• U.S./Canada toll-free: (+1) 800-549-8228
• International: (+1) 289-819-1520
• Conference ID: 82059

A replay of the call will be available until November 28, 2024, and can be accessed using the passcode 82059#. The call will also be archived on the company's investor relations website.

RXO (NYSE: RXO) leaders Karin Bridges and Lindsey Martinez have been honored with the 2024 Women in Supply Chain Award by Supply & Demand Chain Executive and Food Logistics. Bridges, senior director of operations for freight forwarding, was recognized in the Trailblazers category for her 20+ years of experience and leadership of over 260 employees. Martinez, director of procurement for managed transportation, was named in the DEI Pioneer category for her contributions to diversity, equity, and inclusion efforts.

Key achievements include Bridges overseeing the combination of RXO's freight forwarding and managed transportation businesses, while Martinez's strategies resulted in a 50% decrease in new customer launch time. Both leaders are actively involved in promoting women in the industry through RXO's Women's Inclusion Network and other initiatives.

RXO (NYSE: RXO) has completed its acquisition of Coyote Logistics from UPS for $1.025 billion, becoming the third-largest provider of brokered transportation in North America. This strategic move enhances RXO's market position, diversifies its customer base, and expands its carrier network. The acquisition offers customers increased network density and additional power lanes, while providing carriers access to more customers and opportunities to reduce deadhead miles. CEO Drew Wilkerson emphasized the benefits for both customers and carriers, highlighting the company's focus on service, comprehensive solutions, innovation, and deep relationships.

RXO, a leading asset-light transportation solutions provider, has upsized its public offering of common stock to $500 million in total gross proceeds. The company is pricing 19,230,770 shares at $26.00 per share, with the offering expected to close on September 11, 2024. RXO plans to use the net proceeds to finance a portion of its pending acquisition of Coyote Logistics, UPS's technology-driven, asset-light freight brokerage business. The acquisition is anticipated to be completed by September 20, 2024. The offering includes an option for underwriters to purchase up to an additional 2,884,615 shares. Goldman Sachs & Co. , BofA Securities, Citigroup, and Morgan Stanley are serving as joint lead book-running managers for the offering.

RXO, a leading asset-light transportation solutions provider, has announced plans to offer $350 million of its common stock, with an option for underwriters to purchase an additional $52.5 million. The proceeds will primarily finance the pending acquisition of Coyote Logistics, UPS's technology-driven freight brokerage business. The acquisition is expected to be completed by September 20, 2024. If not consummated, the funds will be used for general corporate purposes. Goldman Sachs, BofA Securities, Citigroup, and Morgan Stanley are acting as joint lead book-running managers for the offering, which will be made through a prospectus supplement under RXO's effective registration statement on Form S-3.

RXO (NYSE: RXO) has announced its participation in two upcoming investor conferences. The first is the Jeffries Industrials Conference in New York on September 4, where CEO Drew Wilkerson, CFO Jamie Harris, and CSO Jared Weisfeld will present from 3:05 to 3:35 p.m. EDT. The second is the Morgan Stanley 12th Annual Laguna Conference in Dana Point, California on September 11, featuring Drew Wilkerson and Jared Weisfeld presenting from 5:00 to 5:30 p.m. EDT.

Investors and interested parties can access live webcasts and replays of both presentations through the company's investor relations website at http://investors.rxo.com. These conferences provide RXO with opportunities to showcase its business strategies and financial performance to potential investors and analysts.

RXO, a leading asset-light transportation solutions provider, has launched a prepay capability for its RXO Fuel Card. This new feature allows drivers to preload funds using personal credit or debit cards, enabling better fuel spend planning and budget management. The pay-as-you-go option offers quick approval, no setup fee, and access to RXO's Fuel Card discounts.

Carriers can access the prepay interface through RXO Connect™, the company's proprietary platform. The RXO Fuel Card provides an average discount of $0.48 per gallon and is accepted at over 9,000 locations nationwide without minimum gallon requirements. Additionally, fuel card members can benefit from the RXO Extra discount marketplace, offering savings on maintenance services and tires.

RXO, a leading asset-light transportation solutions provider, has been named a 2024 SmartWay High Performer by the U.S. Environmental Protection Agency (EPA) for its dedicated transportation business. This recognition, in the Truckload / Dry Van Truck Carrier Carbon Metrics category, marks the second consecutive year RXO has achieved this status. The SmartWay program focuses on improving supply chain transportation efficiency and sustainability.

Brian Dean, president of RXO's managed transportation business, emphasized the company's commitment to customer service and supply chain sustainability. SmartWay reports that less than 10% of participating carriers achieve the efficiency levels required for recognition in reduced carbon emissions. High Performers like RXO use less fuel per mile and per ton of freight transported, directly correlating with reduced carbon emissions.