Brad Jacobs is stepping down as executive chairman of XPO and RXO.
RXO credit rating faces challenges, while C.H. Robinson continues to shine.
Truckload broker RXO said 2025 is likely to end quietly but outlined several catalysts that could produce “freight rate volatility” next year.
How the RXO rate squeeze is sign of larger 3PL industry dynamics and affecting logistics operations,
First look: Negative reaction to RXO’s earnings.
AI and the return of incumbent companies drove this year’s list.
Echo Global B3 rating by Moody’s highlights steady earnings despite challenges in a soft freight market.
Moody’s has cut Odyssey Logistics debt rating amid weak freight market.
C.H. Robinson had its debt rating increased by S&P Global, and its reduction in staffing is a key reason.
TQL is trying to get the Supreme Court to rule on the issue of broker liability after it lost at the Sixth Circuit.
Second quarter earnings at RXO showed the growing importance of LTL activity at the brokerage.
RXO’s earnings showed little movement from a year ago or the first quarter but with some signs of improvement.
Triumph Financial wrapped up a quarter where lots happened with the company beyond its bottom line.
C.H. Robinson talked staffing and RXO talked the English language requirement at a Wells Fargo forum.
RXO recently released its Q2 Truckload Market Forecast, which found that despite economic turmoil, the U.S. truckload space remained relatively calm according to shippers’ KPIs.
North America’s third-largest full truckload broker, RXO, believes spot rates will continue to step higher.
C.H. Robinson CFO Damon Lee sat down with FreightWaves to discuss the company’s turnaround.
RXO management tried to accentuate the positive even in a quarter that was unprofitable for the 3PL.
The first look at RXO’s earnings, which were in the red on an operating and net income basis.
It’s a tough battlefield in FreightTech, and these companies are joining the fray with new or enhanced offerings.
RXO is involved in a legal case that could become another precedent in the question over when brokers can be held liable after a theft or accident.
J.B. Hunt’s long-standing investment-grade debt rating from Moody’s has been affirmed.
RXO recently released its Q1 2025 Truckload Market Forecast, with its Curve Index showing a continuation of rate inflation first observed in Q4 2024.
Recent data released by RXO shows continued signs of rate inflation as 2025 gets underway, with spot rates rising and capacity continuing to exit the market.
Executives at some of the nation’s largest truckload transportation providers are seeing incrementally positive signs that the market is turning.
RXO’s stock price was pummeled Wednesday after the release of its earnings
RXO predicts in its fourth-quarter earnings report that it will have greater synergies from its Coyote acquisition.
Trucking M&A was off again in 2024, but the year saw some notable transactions and provided insight on a couple of major spinoffs on the horizon.
Participants in a key conference discussed how private equity dollars sitting on the sidelines could boost logistics M&A.
Drew Wilkerson, CEO of RXO, spoke about RXO’s recent acquisition of Coyote Logistics, implementing newly acquired technology and his thoughts on M&A in 2025.
RXO CEO Drew Wilkerson shares insights on managing peak-season demand and on the 2025 outlook for the dynamic logistics industry.
Corey Klujsza, vice president of RXO, talks about Coyote Curve integration, the company’s latest spot market report and what the report means for the freight market.
RXO is boasting that its projected efficiency savings from the Coyote Logistics acquisition will surpass earlier estimates.
RXO’s third-quarter earnings were highlighted by the first numbers from Coyote Logistics as well as an operating loss.
The TriumphPay payments network turned in a positive EBITDA performance in Q3, a key benchmark for the company.
S&P gave a thumbs-up to the credit metrics at RXO after the company set two deals to fund the Coyote Logistics acquisition.
RXO announced Monday that it has completed the acquisition of freight broker Coyote Logistics.
Executives at some of the nation’s top truckload carriers say it’s still too soon to know when the market will turn.
Companies across the freight industry have announced another wave of layoffs, with over 600 workers in four states losing their jobs.
Brad Jacobs’ QXO is ready to begin acquisitions with a war chest of $5 billion in hand after two big deals.
In this edition: Coyote finds another home, and another firm closes its doors.
RXO shares are soaring Monday on news of its acquisition of Coyote Logistics from UPS.
C.H. Robinson has had its debt rating downgraded by S&P Global.
RXO looked to various metrics to push a message that things are getting better at the 3PL.
More than 1,300 layoffs hit freight-related companies in Texas, Florida, Illinois, Michigan and Georgia over the past two weeks.
Moody’s held its investment-grade debt rating of RXO, but its outlook was shifted to negative.
RXO’s fourth quarter was slightly better than the third, but overall, the 3PL had its challenges last year.
On Wednesday, FreightWaves hosted the Domestic Supply Chain Summit, a virtual event with RXO Chief Strategy Officer Jared Weisfeld as the keynote speaker. The interview, conducted by enterprise trucking carrier expert Thomas Wasson, included an outlook for 2024 and highlighted the biggest supply chain challenges and opportunities.
Pace of carrier exits needs to speed up to achieve economic balance in the truckload sector, according to RXO Chief Strategy Officer Jared Weisfeld.
XPO founder Brad Jacobs is acquiring SilverSun Technologies as a platform to make acquisitions in a yet-to-be-announced industry.
Truck brokerage RXO beat third-quarter estimates Tuesday and said it will continue to expand its platform and take market share on the downside of the cycle.
Brad Jacobs, who founded XPO and its spinoffs, didn’t provide any details on what his next venture is going to focus on.
C.H. Robinson CEO Dave Bozeman focused on process and costs when meeting with analysts at the TD Cowen conference Thursday.
RXO was flat between the first and second quarters, and that proved to be a turnoff for investors in the 3PL.
TriumphPay dealt with the same weak conditions as other trucking-focused companies in the second quarter, but one key measure was stronger.
Odyssey Logistics got an increase in its outlook from Moody’s, a change from earlier ratings agency actions on 3PLs.
3PL RXO has had its outlook dropped to stable by S&P, but its debt rating held steady.
Broker RXO said it was continuing to execute on longer-term goals even as the freight market awaits the next catalyst.
Sticking to earlier forecasts, RXO’s chief strategy officer sees the 3PL’s market share growing and increased volume year on year.
Quarterly earnings at stand-alone brokerage RXO were healthy compared to the performance of most companies in the freight sector.
The final panel at the TIA annual meeting echoed a theme of the whole meeting: Double brokering and fraud are surging.
This week in Borderlands: RXO invests $30 million and expands its logistics operations in South Texas; the Mexican state of Nuevo Leon is investing $22 million to expand a border bridge; Packwell is set to build a resin logistics center at Port Houston; and RK Logistics Group opens a Texas distribution center.
XPO, on its way to becoming a pure-play LTL carrier, received an upgrade in its debt rating from S&P Global Ratings.
Andrew Clarke, the ex-C.H. Robinson Worldwide executive, would relish the opportunity to return as its CEO, according to sources.
RXO, spun off Nov. 1, released its third-quarter earnings to the SEC for its first stand-alone numbers.
Shippers and carriers interact with the market differently, but one thing has become clear over the past few years: Contracts and dedicated lanes allow both parties to gain stability in an unpredictable landscape.
Management from one of the nation’s largest truck brokerages is ready to take on the industry alone.
In a stunning announcement, an analyst and his company that could be seen as skeptical of XPO’s prospects won’t be tracking the company moving forward.
XPO announced Tuesday that it has spun off brokerage unit RXO, which is now a separately traded company.
XPO Logistics’ third-quarter results were at the high end of preannounced ranges. The fourth-quarter outlook calls for continued growth but with some cost pressures.
RXO, the stand-alone brokerage company about to be spun off by XPO, has received a near-investment-grade rating from S&P.
XPO Logistics issued long-term financial targets for its less-than-truckload segment and its brokerage unit, which will be spun off next month.
XPO Logistics announced the spinoff of its brokerage unit has been blessed by its board with share distribution scheduled for Nov 1.
XPO Logistics announces board members for RXO, its brokerage unit that will be spun off in the fourth quarter.
XPO Logistics announced that Jamie Harris will become the CFO of freight broker RXO following a planned separation in the fourth quarter.
Mario Harik will succeed Brad Jacobs following the spinoff of XPO’s brokerage business. Jacobs will become XPO’s executive chairman.
