ºÚÁϳԹÏÍø

RXO Chief Strategy Officer Jared Weisfeld discussed what it was like to launch a new company amid a freight market downturn on RXO’s one-year anniversary Nov. 1.

Lower freight rates, a moderation in brokerage gross margin and the cost of operating as a stand-alone public company hurt profits at RXO Inc. in the second quarter of 2023.

Michigan state officials are enthusiastic about 140 new jobs and a $2.35 million expansion in Ann Arbor by RXO Corporate Solutions to increase its brokerage presence.

RXO on May 3 reported revenue exceeding $1 billion in its first full quarter as an independent company. The Charlotte, N.C.-based business formerly operated within XPO.

RXO celebrated the grand opening of its newest cross-border facility in Laredo, Texas, the company announced March 29.

RXO launched an expanded suite of exclusive partnerships and discounts to incentivize carriers with cost savings, the company announced Feb. 1.

RXO CEO Drew Wilkerson plans to grow his newly launched brokerage company while focusing on technology development to gain market share, he said Nov. 3.

XPO Logistics Inc. turned its tech-enabled brokered transportation platform, RXO, into an independent, publicly traded company Nov. 1.

XPO Logistics Inc. received board approval to spin off its technology-based brokered operations into a stand-alone business, the company announced Oct. 10.

Longtime financial executive Jamie Harris will join XPO Logistics Inc.’s soon-to-be spun off brokered transportation platform, RXO, on Sept. 26 as chief financial officer.