RXO News

Coyote acquisition completed September 16;integration well underway and progressing smoothly. Raising annualized cost synergy estimate to at least $40 million. Strengthened balance sheet while financing Coyote acquisition;combined company leverage ratio decreased by more than 40% Companywide gross margin of 3%;Brokerage gross margin of 13.7% Managed Transportation was awarded more than $300 million in new freight under management Last Mile stop growth continued to accelerate and...

The transport sector in Europe must strive to meet ambitious environmental goals set by EU regulations. The need to reduce carbon dioxide emissions is a challenge that logistics companies can address on a broader scale by using zero-emission electric vehicles or hydrogen fuel cell trucks. Limitations in access to these solutions (high costs, lack of sufficiently developed infrastructure, still limited, though steadily increasing, range) mean that "transitional fuels" are gaining more interest....

Here’s what this means for you, our valued customers and carriers: Expanded Network and Capabilities: In addition to our existing transportation services, you now have access to an advanced groupage network, streamlined cross-docking, and robust consolidation services from the UK to all of Europe. More Capacity: We provide customers with even more capacity across a wider array of lanes. Less Deadhead: We provide carriers with access to more freight, reducing deadhead miles....

Press Release | Charlotte, NC | September 16, 2024 Charlotte, NC- September 16, 2024- RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, today announced it has completed its acquisition of Coyote Logistics from UPS for a purchase price of $1.025 billion. The company is now the third-largest provider of brokered transportation in North America. This acquisition enhances RXO’s market position, diversifies and expands its customer base and broadens its carrier...

Many shippers at some point need to decide between moving their goods on the spot or the contract market. The selection is an important factor in anyone’s business strategy and makes a difference for further development and success. We explain the differences for you. When shippers need to find their right logistics partner, they also must decide in which way to move their goods. One of the first challenges is to choose between spot freight and contract freight. What is spot freight? A...

Do you operate a food and beverage supply chain? Then you may benefit from the help of a specialized logistics service provider. Here is why. Managing a food and beverage supply chain is far from easy, and often involves many challenges along the way, such as tight delivery deadlines or an excellently functioning cold chain. Logistics services have drastically increased in complexity and therefore provide valuable support for mastering the challenges in a variety of specialized industry...