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RXO Announces Expansion of RXO Extra™ Carrier Rewards Program, Providing Truckers With More Benefits

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factoring financial
Factoring is a financing arrangement where a company sells its unpaid invoices to a third party for immediate cash, with the buyer taking on the job of collecting payments and bearing some credit risk. For investors, factoring matters because it can quickly improve a company’s cash flow and working capital but also reduce profit margins and signal dependence on outside liquidity—similar to selling future paychecks at a discount to get money today.
fuel card financial
A fuel card is a payment card used to buy gasoline, diesel and related vehicle services, typically issued to businesses to manage company vehicle expenses. Like giving each driver a controlled debit card for fuel, it simplifies tracking, enforces spending limits, and can deliver discounts or rebates — all of which affect a company’s operating costs, cash flow and margin visibility, making it relevant to investors monitoring efficiency and expense risk.
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Revamped program now includes exclusive access to a premium freight brokerage experience

CHARLOTTE, N.C.--(BUSINESS WIRE)-- RXO (NYSE: RXO) a leading provider of asset-light transportation solutions, today announced it has expanded its RXO Extra™ marketplace, where carriers can access programs to help their business run more profitably and manage cash flow more efficiently. The marketplace now includes a premium load-booking experience exclusively for carriers that participate in the RXO Extra programs.

“Thousands of carriers already save money and improve their cash flow by participating in RXO Extra’s factoring and fuel discount programs,” said Tom Reid, Vice President at RXO. “Now, those carriers – and many more – will also have access to an exclusive brokerage experience designed to help them generate additional revenue and maximize their earning potential through RXO.”

The new experience includes white-glove onboarding, expanded visibility to digital loads and a dedicated concierge support service. It also provides bonus payments on loads and deeper discounts to carriers that are signed up for RXO’s fuel card or factoring services.

“The enhancements we’ve made to the RXO Extra marketplace and our carrier rewards program demonstrate our commitment to helping professional drivers save money, run more efficiently, and haul more freight with RXO," Reid said.

About RXO Extra

RXO Extra is a suite of exclusive partnerships, discounts and opportunities that help carriers generate revenue, save money and improve the efficiency of their business. Core offerings of the RXO Extra carrier marketplace include:

  • A leading fuel card program for discounted diesel at more than 3,900 locations nationwide
  • Vendor discounts, including maintenance and tire discount programs
  • Factoring and financial services
  • A premium freight experience, including increased load visibility and dedicated support
  • A comprehensive rewards program that offers deeper discounts and bonuses to RXO Extra carriers that haul for RXO

Carriers can learn more about the RXO Extra offerings, discounts and rewards by visiting https://rxo.com/carriers/rxo-extra/.

About RXO

RXO (NYSE: RXO) is a leading provider of asset-light transportation solutions. RXO offers tech-enabled truck brokerage services together with complementary solutions including managed transportation and last mile delivery. The company combines massive capacity and cutting-edge technology to move freight efficiently through supply chains across North America. The company is headquartered in Charlotte, N.C. Visit RXO.com for more information and connect with RXO on Facebook, X, LinkedIn, Instagram and YouTube.

Media Contact
Nina Reinhardt
nina.reinhardt@rxo.com

Investor Contact
Kevin Sterling
kevin.sterling@rxo.com

Source: RXO