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.
