RXO remains a publicly-traded company as it prepares to be acquired by C.H. Robinson, posting its earnings Thursday that showed mostly positive numbers in all key categories. Given the pending deal with C.H. Robinson, RXO (NYSE: RXO) did not hold an earnings call with analysts. The summary slides that also accompany earnings were not released […]
(Editor’s note: the initial article has been revised to note that the companies discussed increased claims, not insurance premiums). Strong financial numbers released between Tuesday and Wednesday by C.H. Robinson and Landstar were overshadowed on Wall Street by concern over one particular issue: insurance and claims. Landstar kicked off the issue Tuesday afternoon with its […]
The third quarter at C.H. Robinson might be remembered for both the highs and the lows. It was the period when Lipe vs. Lupus Superior came down, and just days after the quarter ended, the giant 3PL announced the almost $6 billion acquisition of rival RXO (NYSE: RXO). But neither of those things hit the […]
Chattanooga–The man who created RXO gave his public support to the 3PL’s acquisition by C.H. Robinson, saying you need “scale and density” to make it in the brokerage world. Brad Jacobs, who as CEO of XPO Logistics spun off RXO into a standalone publicly-traded 3PL, told the FreightWaves Future of Freight Festival here that he […]
On the day after the C.H. Robinson-RXO deal was announced, Wall Street positive, S&P is cautious.
In a move that may have been foreshadowed by strong upward stock movement Thursday and Friday, C.H. Robinson, the country’s biggest 3PL, is getting a lot bigger by acquiring RXO. The transaction was announced Monday morning. RXO’s (NYSE: RXO) stock price had risen sharply Thursday and Friday, with it rising Friday by $2.02, a gain […]
A new report quoting one insurance executive has startling observations about broker insurance.
Freight broker RXO reported its truckload spot rate index posted its largest sequential gain in five years during the second quarter, with the strong momentum carrying into the third quarter.
On the first earnings call since the Montgomery decision, RXO management focused on what it sees as a strength.
RXO’s earnings were a mixed back year-over-year and sequentially.
RXO’s debt rating held at its current level at S&P, despite growing freight market strength.
FreightWaves Today discussed trailer tech, fuel markets and rising spot rate demand during Tuesday’s live show.
Odyssey Logistics’ debt rating was cut by S&P with some grim forecasts for next year.
Industry participants say asset-based carriers are likely the winners following the Supreme Court’s landmark ruling on freight broker liability.
FreightWaves awarded two categories of winners: Logistics Operations and Solution Providers.
Freight broker RXO is seeing better-than-expected spot market trends in the second quarter.
The speculation has started on what the Montgomery case will mean for the brokerage industry.
Investors liked what they saw and heard in RXO’s first quarter earnings.
RXO had the type of rough quarter that might be expected given rising spot freight rates against lower contract numbers, but it foresees a significantly better second quarter. In its earnings released Thursday morning prior to an 8 a.m. EDT conference call, the company said it expected a second-quarter adjusted EBITDA of $27 million to […]
Brad Jacobs’ QXO is making its biggest acquisition so far in its building products rollup.
