Latest news with #DrewWilkerson
Yahoo
3 days ago
- Business
- Yahoo
RXO to Present at the Wells Fargo 2025 Industrials and Materials Conference
CHARLOTTE, N.C., May 28, 2025--(BUSINESS WIRE)--RXO (NYSE: RXO) today announced that Drew Wilkerson, chief executive officer, and Jared Weisfeld, chief strategy officer, will present at the Wells Fargo 2025 Industrials and Materials Conference in Chicago, Ill., on June 11, 2025, from 4-4:35 p.m. EDT. The live webcast and a replay of the presentation will be available at 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 for more information and connect with RXO on Facebook, X, LinkedIn, Instagram and YouTube. View source version on Contacts Media Contact Nina Investor Contact Kevin
Associated Press
3 days ago
- Business
- Associated Press
RXO to Present at the Wells Fargo 2025 Industrials and Materials Conference
CHARLOTTE, N.C.--(BUSINESS WIRE)--May 28, 2025-- RXO (NYSE: RXO) today announced that Drew Wilkerson, chief executive officer, and Jared Weisfeld, chief strategy officer, will present at the Wells Fargo 2025 Industrials and Materials Conference in Chicago, Ill., on June 11, 2025, from 4-4:35 p.m. EDT. The live webcast and a replay of the presentation will be available at 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 for more information and connect with RXO on Facebook, X, LinkedIn, Instagram and YouTube. View source version on CONTACT: Media Contact Nina Reinhardt [email protected] Contact Kevin Sterling [email protected] KEYWORD: ILLINOIS NORTH CAROLINA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TRUCKING TECHNOLOGY LOGISTICS/SUPPLY CHAIN MANAGEMENT TRANSPORT OTHER TECHNOLOGY SOFTWARE OTHER TRANSPORT SOURCE: RXO Copyright Business Wire 2025. PUB: 05/28/2025 09:58 AM/DISC: 05/28/2025 09:57 AM
Business Wire
3 days ago
- Business
- Business Wire
RXO to Present at the Wells Fargo 2025 Industrials and Materials Conference
CHARLOTTE, N.C.--(BUSINESS WIRE)-- RXO (NYSE: RXO) today announced that Drew Wilkerson, chief executive officer, and Jared Weisfeld, chief strategy officer, will present at the Wells Fargo 2025 Industrials and Materials Conference in Chicago, Ill., on June 11, 2025, from 4-4:35 p.m. EDT. The live webcast and a replay of the presentation will be available at 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 for more information and connect with RXO on Facebook, X, LinkedIn, Instagram and YouTube.
Yahoo
07-05-2025
- Business
- Yahoo
RXO finds positives in quarter marked by soft market and profit loss
(For a review of some of the data in RXO's earnings, please go here.) With another quarter of operating and net losses in the book, RXO management on its first-quarter earnings call pursued several paths to accentuate the positive. There was really only one question on the call about when the giant 3PL might return to profitability, even though it would not take a major turnaround in markets for black ink to replace red ink. But if the analysts didn't seem overly concerned about the performance of RXO, Wall Street was. Even on a day when equities overall rose, RXO stock at 12:30 p.m. was down 5.31%, to $13.03 (NYSE: RXO). The 52-week low of $12.19 was recorded April 21. RXO shares are down either side of 35% for both the year and the past three months. The positives that RXO management highlighted on the call started with the pace of implementing and digesting the acquisition of Coyote Logistics from UPS, a deal that closed in September. But various key performance indicators also came in for positive mentions. CEO Drew Wilkerson, addressing the financial performance of the company, noted that earnings before interest, taxes, depreciation and amortization of $22 million was in line with what RXO management had projected earlier. RXO also recorded an operating loss of $30 million, compared to an operating loss of $12 million in 2024's first quarter. The net loss of $31 million translated to diluted earning per share of negative 18 cents. It was negative 13 cents a year ago. Chief Strategy Officer Jared Weisfeld, in prepared remarks on the call, said RXO's brokerage volume was down 1% year over year, which he said was better than the company's expectations. Big gains in LTL And all of it, he said, came from its LTL business, which saw volume up 26% year over year – 'the result of successfully onboarding new customers.' RXO's LTL business was 25% of its volume in the first quarter, which was up 500 basis points compared to the first quarter of 2024. With those kinds of gains in the LTL business in a market growing nowhere near the size of the gains at RXO, an analyst asked Wilkerson how it's managing to grab market share. It isn't price, he said: 'If you're looking for price as a lever, that's not how we do business. We want to price in line with the overall market.' Wilkerson then laid out the broad view: 'The biggest thing that we're seeing right now is that a lot of times LTL can be a pain point for customers. It's a small piece of their revenue spend, and it's a small piece of their overall volume. But when you talk about tracking, when you talk about claims that come in, you talk about lost shipments, you talk about working with multiple different carriers for something that's a small piece of their business. They're familiar with us from the service that we've provided from the truckload side. So we're winning with large enterprise customers that are coming to us and giving us the opportunity to service LTL in addition to truckload. We're just getting started in LTL.'
Yahoo
07-05-2025
- Business
- Yahoo
RXO (NYSE:RXO) Reports Sales Below Analyst Estimates In Q1 Earnings, Stock Drops
Freight Delivery Company RXO (NYSE:RXO) missed Wall Street's revenue expectations in Q1 CY2025, but sales rose 57% year on year to $1.43 billion. Its non-GAAP loss of $0.03 per share was $0.01 below analysts' consensus estimates. Is now the time to buy RXO? Find out in our full research report. RXO (RXO) Q1 CY2025 Highlights: Revenue: $1.43 billion vs analyst estimates of $1.48 billion (57% year-on-year growth, 3.5% miss) Adjusted EPS: -$0.03 vs analyst estimates of -$0.02 ($0.01 miss) Adjusted EBITDA: $22 million vs analyst estimates of $22.7 million (1.5% margin, 3.1% miss) EBITDA guidance for Q2 CY2025 is $35 million at the midpoint, above analyst estimates of $34.37 million Operating Margin: -2.1%, in line with the same quarter last year Free Cash Flow was -$17 million compared to -$4 million in the same quarter last year Sales Volumes fell 1% year on year (11% in the same quarter last year) Market Capitalization: $2.26 billion 'Our technology team has been working diligently to integrate the best features of the legacy Coyote technology platform into RXO Connect. Today, I'm pleased to announce a critical integration milestone – carrier and coverage operations are now happening in one system, which will enable us to leverage our scale and realize future cost-of-purchased-transportation synergies,' said Drew Wilkerson, chief executive officer of RXO. Company Overview With access to millions of trucks, RXO (NYSE:RXO) offers full-truckload, less-than-truckload, and last-mile deliveries. Sales Growth Examining a company's long-term performance can provide clues about its quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Thankfully, RXO's 8% annualized revenue growth over the last four years was decent. Its growth was slightly above the average industrials company and shows its offerings resonate with customers. RXO Quarterly Revenue Long-term growth is the most important, but within industrials, a stretched historical view may miss new industry trends or demand cycles. RXO's recent performance shows its demand has slowed as its annualized revenue growth of 6.2% over the last two years was below its four-year trend. We also note many other Ground Transportation businesses have faced declining sales because of cyclical headwinds. While RXO grew slower than we'd like, it did do better than its peers. RXO Year-On-Year Revenue Growth We can dig further into the company's revenue dynamics by analyzing its number of units sold. Over the last two years, RXO's units sold averaged 42.6% year-on-year growth. Because this number is better than its revenue growth, we can see the company's average selling price decreased.
