Recent Updates — RXO

RXO reported third-quarter revenue of $1.9 billion and GAAP net income of $3 million, or diluted EPS of $0.02, compared to a net loss in the prior year period. Adjusted EBITDA rose 59% to $51 million with an adjusted EPS of $0.09. The company also announced that C.H. Robinson has agreed to acquire RXO in a stock-and-cash transaction valued at approximately $5.8 billion, expected to close in the first half of 2027 pending regulatory and shareholder approvals. RXO is a leading provider of asset-light transportation solutions including truck brokerage, managed transportation, and last mile delivery.

C.H. Robinson Worldwide has entered into a definitive merger agreement to acquire RXO, Inc., an asset-light transportation solutions provider, in a transaction valued at approximately $5.8 billion. Under the terms of the deal, RXO shareholders may elect to receive either all-cash consideration of $30.25 per share or standard mixed consideration consisting of $17.25 in cash and 0.0856 shares of C.H. Robinson common stock for each RXO share held. The transaction is expected to close in the first half of 2027, subject to customary closing conditions including regulatory approvals and shareholder consent. C.H. Robinson intends to finance the acquisition through a combination of new debt issuances and cash on hand, supported by a $4.5 billion bridge facility commitment from Morgan Stanley. The combined entity is projected to generate $300 million in net run-rate cost synergies within two years post-close.

RXO, Inc. issued a press release on September 9, 2026, reporting preliminary operating metrics for the third quarter of 2026. The company announced that truckload gross profit per load increased by more than 10 percent in August compared to July, exceeding prior outlooks. Spot freight represented approximately 50% of full-truckload volume through the first two months of the quarter as RXO captured spot opportunities and phased in higher contract rates. The company maintains its expectation for third-quarter truckload volume to increase by a low-to-mid single digit percentage year-over-year despite ongoing softness in freight demand. This update was provided ahead of an investor conference featuring Chairman and CEO Drew Wilkerson.

RXO, Inc. reported second-quarter fiscal 2026 results on August 6, 2026, showing revenue growth to $1.77 billion from $1.42 billion in the prior year period. The company posted a GAAP net loss of $9 million and adjusted diluted earnings per share of $0.06, compared to an adjusted EPS of $0.04 in Q2 2025. Adjusted EBITDA increased to $40 million from $38 million, with gross margin at 13.9%. Brokerage truckload volume grew 2% year-over-year, driven by a spot mix increase to 42%, while Last Mile stops rose 3%. The company announced third-quarter adjusted EBITDA guidance of $35 million to $45 million and expects low-to-mid-single-digit volume growth. RXO operates in the transportation logistics industry, providing asset-light truck brokerage, managed transportation, and last-mile delivery solutions.