RXO to Present at the Wells Fargo 2025 Industrials and Materials Conference
The live webcast and a replay of the presentation will be available at http://investors.rxo.com.
About RXO RXO (NYSE: RXO) is a leading provider of asset-light transportation solutions. RXO offers tech-enabled truck brokerage services together with complementary solutions including managed transportation, freight forwarding and last mile delivery. The company combines massive capacity and cutting-edge technology to move freight efficiently through supply chains across North America. The company is headquartered in Charlotte, N.C. Visit RXO.com for more information and connect with RXO on Facebook, X, LinkedIn, Instagram and YouTube.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250528267548/en/
Contacts
Media Contact Nina Reinhardtnina.reinhardt@rxo.com
Investor Contact Kevin Sterlingkevin.sterling@rxo.com
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Wire
a minute ago
- Business Wire
ProShares Launches First ETF to Target 2x Daily Returns of Nasdaq-100 Top 30 Index
BETHESDA, Md.--(BUSINESS WIRE)--ProShares, the world's leader in leveraged and inverse ETFs, today announced the launch of ProShares Ultra QQQ Top 30 (QQXL) —the first and only ETF designed to target 2x the daily returns of the Nasdaq-100 Top 30 Index. QQXL expands ProShares' $40 billion suite of leveraged and inverse ETFs linked to the Nasdaq-100, which includes ProShares UltraPro QQQ (TQQQ), the world's largest leveraged ETF. 1 The Nasdaq-100 Top 30 Index offers focused exposure to 30 of the largest and most influential companies in the tech-heavy Nasdaq-100. The index features leaders like Nvidia, Apple, Meta Platforms, and Palantir—firms driving innovation on a global scale. 2 'In recent years, market leadership has converged around a group of innovators—many in technology—who are redefining what's possible, a trend that investors are eager to capture,' said ProShares CEO Michael L. Sapir. 'With QQXL, investors can now target 2x the daily returns of these market leaders with the ease and convenience of a single ETF trade.' ProShares pioneered the leveraged and inverse ETF category nearly two decades ago and remains the largest provider in the world, 3 offering funds linked to major stock indexes, single stocks, fixed income, commodities, currencies, cryptocurrencies, and volatility. About ProShares ProShares has been at the forefront of the ETF revolution since 2006. ProShares manages over $90 billion in assets and offers one of the largest lineups of ETFs. 4 The company is a leader in strategies such as dividend growth, high income, interest rate hedged bond, crypto-linked and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns. Geared ProShares ETFs seek daily investment results that correspond, before fees and expenses, to a multiple of (e.g., 2x or -2x) the daily performance of its underlying benchmark (the 'Daily Target'). While the Funds have a daily investment objective, you may hold Fund shares for longer than one day if you believe it is consistent with your goals and risk tolerance. For any holding period other than a day, your return may be higher or lower than the Daily Target. These differences may be significant. Smaller index gains/losses and higher index volatility contribute to returns worse than the Daily Target. Larger index gains/losses and lower index volatility contribute to returns better than the Daily Target. The more extreme these factors are, the more they occur together, and the longer your holding period while these factors apply, the more your return will tend to deviate. Investors should consider periodically monitoring their geared fund investments in light of their goals and risk tolerance. Investing involves risk, including the possible loss of principal. Leveraged ProShares ETFs are non-diversified and entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. The ETF may concentrate its investments in certain sectors. Narrowly focused investments typically exhibit higher volatility. Technology companies may experience intense competition, obsolescence of existing technology, changing economic conditions, and government regulation. Investors could potentially lose the full value of their investment within a single day. Please see the summary and full prospectuses at for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective. Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns. Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses at Read them carefully before investing. ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor. 'QQQ®,' 'Nasdaq-100 Index®,' 'Nasdaq-100®' and 'Nasdaq-100 Top 30 Index' are registered trademarks of The Nasdaq OMX Group Inc. and have been licensed for use by ProShares. This ETF is not sponsored, endorsed, sold or promoted by The Nasdaq OMX Group Inc. and The Nasdaq OMX Group Inc. makes no representation regarding the advisability of investing in this ETF. THE Nasdaq OMX GROUP INC. MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO THE ETFs.


Business Wire
a minute ago
- Business Wire
AM Best Affirms Credit Ratings of Hyundai Insurance (China) Co., Ltd.
HONG KONG--(BUSINESS WIRE)-- AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of 'bbb' (Good) of Hyundai Insurance (China) Co., Ltd. (HIC) (China). The outlook of these Credit Ratings (ratings) is negative. The ratings reflect HIC's balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management. The negative outlooks reflect the pace of the projected fast deterioration in HIC's risk-adjusted capitalisation, as measured by Best's Capital Adequacy Ratio (BCAR), due to the combined effect of elevating underwriting risk and the expected capital erosion from cumulative operating losses over the short to intermediate term. HIC's very strong balance sheet strength assessment remains supported by its risk-adjusted capitalisation at the strongest level at year-end 2024, as measured by BCAR, notwithstanding the projected declining trend. Since its shareholding change in March 2020, HIC has continued to diversify its underwriting portfolio into individual lines from commercial property and engineering. The initial years of this business transformation led to consecutive underwriting losses that dragged the company's capital & surplus from RMB 1.7 billion in March 2020 to RMB 1.28 billion in 2024. Furthermore, HIC's latest business strategy puts stronger focus on insurance for electric vehicles, which is expected to be the premium growth driver going forward. HIC's operating performance remains marginal. The overall combined ratio remains high, albeit improving over the past few years, supported by improved operating efficiency, better economies of scale and stabilising performance in the key motor line. Conversely, the company continues to benefit from a steady stream of investment income through its cash and deposit holdings, with average investment yield in the mid-to-low single digit over the past few years. However, AM Best expects underwriting and total operating losses to sustain over the short to intermediate term. HIC remains a small player in China's non-life insurance market. The company has established good market standing in the niche market of the ride-hailing motor insurance business in some of the provinces where it operates. Nonetheless, AM Best expects HIC's market presence to remain limited in the short to intermediate term. Negative rating actions could occur if there is significant and adverse deviation in HIC's business execution compared with its business plan, leading to material deterioration in its risk-adjusted capitalisation. Negative rating actions also could arise if the company's operating performance materially deviates from its business plan and results in prolonged operating losses beyond AM Best's expectations. Positive rating actions could occur if HIC demonstrates successful execution of its business plan; for example, achieving faster-than-expected turnaround and sustained improvement in its operating performance, while maintaining a supportive level of risk-adjusted capitalisation. AM Best will continue to monitor HIC's business execution. Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.
Yahoo
30 minutes ago
- Yahoo
Cathie Wood Just Bought 2.5 Million Shares of This IPO Company
Aug 15 - Cathie Wood's Ark Invest just doubled down on one of the market's buzziest new listings. On Wednesday Ark bought more than 2.5 million shares of Bullish (NYSE:BLSH), spreading the purchase across three active ETFs: ARK Innovation (ARKK) picked up about 1.74 million shares, ARK Next Generation Internet (ARKW) added 545,416 shares, and ARK Fintech Innovation (ARKF) took 272,755 shares. Warning! GuruFocus has detected 5 Warning Sign with UNH. Bullish, the crypto exchange backed by Peter Thiel, exploded on its first trading day, jumping roughly 84%, and then climbed another 15% the following session as traders piled in. Wood's move signals she wants bigger exposure to crypto infrastructure, and it complements Ark's existing holdings in Coinbase (COIN) and the ARK 21Shares Bitcoin ETF (ARKB). Beyond trading, Bullish also owns CoinDesk, giving Ark both a trading-platform stake and media exposure to crypto audiences. The trade reflects confidence in digital-asset adoption despite ongoing regulatory scrutiny. If crypto gets another hot streak, Ark's latest purchases could prove prescient. If regulators tighten, the same stake could face pressure, but for now, Wood appears to be banking on momentum and long-term upside in crypto infrastructure. This article first appeared on GuruFocus. Sign in to access your portfolio