Latest news with #RXO
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.
New York Post
4 days ago
- General
- New York Post
Florida family claims $700K in home damages over Costco-installed fridge — even had to relocate: report
A Florida family claims they suffered over $700,000 in home damages after a Costco-hired installation team improperly installed their new fridge — and the wholesale retailer isn't footing the bill. Bradley Byrd says he has spent over $300,000 to relocate his family and pay for renovations to their Jacksonville home since the failed installation on Dec. 2, 2024. The family had purchased a KitchenAid refrigerator from Costco in late November and a team of third-party contractors from RXO delivered and installed the appliance days later. Advertisement 7 Towels are placed all over the flooded floor of the Byrd's Jacksonville home after their failed fridge installation on Dec. 2, 2024. WJXT News4JAX Byrd, who was at home for the installation before going to work, rushed home after his daughter discovered their house was 'underwater.' 'She Facetimes me and says, 'Dad, the house is underwater,'' Byrd told News4Jax. Advertisement The shocked father estimated about 1.5 to 2 inches of water from their newly installed fridge filled his home, according to a website he started to document the fiasco called 'Out of spite' Byrd also paid for three months of billboards calling out Costco and RXO in Jacksonville and Ballantyne, North Carolina. The installers had failed to place the water line in a safe position, Byrd claims. 'So what happened is, during installation, most of the extra water line is wrapped into a coil and taped on the back of the refrigerator like it is now,' Byrd told the outlet. 'But the installers didn't do that. They allowed it to go underneath the refrigerator, and they allowed the refrigerator's wheels to sit on a line, which caused a crack that grew larger and larger.' Advertisement 7 Bradley Byrd sits in his kitchen in front of his new refrigerator after the costly flood. WJXT News4JAX Water leaked out of the crack, covering the Byrd's home, while creating an unwanted indoor pool damaging furniture, carpets, instruments, electronics and causing structural damage. Professionals were called to remove the water out of the home but the damage had already been done. The water — mixed with the Florida atmosphere — had already created mold and high moisture levels inside, forcing the family to evacuate the home and move into an Airbnb right before the holidays. Advertisement 'We got the tree up, Christmas presents wrapped. Everything was great. And then all of a sudden, a couple of days later, we had to leave,' the homeowner said. 7 Byrd shows the tear in the water line that water flooded out of after the installation. WJXT News4JAX Byrd says he filed a claim with Costco and even sent an email to CEO Ron Vachris as a shot in the dark. He says he got a response back from Vachris an hour later saying his team would be monitoring the family's situation. After the initial day, Byrd's calls for help went largely unanswered. A loss adjuster estimated that the damage and repairs would cost $703,355.88. Costco and the third-party installers offered to pay the family a combined $175,000, News4Jax reported. 'So far, I have spent about $300,000 on repairs, mitigation, third-party charges for reports and testing, and to get our belongings moved out and into storage,' Byrd said 7 Byrd stands in 1.5 to 2 inches of water in his home on Dec. 2, 2024. WJXT News4JAX Advertisement The family accepted a $38,000 no-strings-attached payment from the store to pay for his family's temporary relocation. The family did not agree to any settlement as they plan on suing both Costco and RXO, Byrd said on his website. Byrd has documented every development since Dec. 4 and credits all the companies he has worked while including a tally of the exorbitant costs since the mishap: Approximate damage to house – $360,000 Personal property damage – $76,000 Alternative Housing and living expense – $78,000 Mitigation and moving and storage – $117,000 Professional services to recover monies from RXO so far – $72,000 Advertisement Along with the expenses, Byrd says the home disaster has also taken up significant chunks of his time. He has missed nearly 20 days of work 'dealing with all facets,' while his family was displaced for 87 days, has gone 91 days without a kitchen to cook in and they expect their claim to be fully resolved in over 170 days. 7 The back of the refrigerator, where the water line was supposed to be placed during the initial installation. WJXT News4JAX Byrd slammed Costco and RXO for failing to protect their customers. 'They drop the ball and are hoping that I foot the bill with my life savings for their bottom line,' Byrd said. Advertisement He compared his home to an unfinished construction site even after the repairs already put in. 'It looks like an unfinished home, because it is an unfinished home,' Byrd told the outlet sitting in his kitchen on lawn chairs next to a foldable plastic table. 7 The Byrd family was forced to replace their kitchen cabinets and other furniture. WJXT News4JAX 7 He compared his home to an unfinished construction site. WJXT News4JAX Advertisement 'This furniture is courtesy of that refrigerator,' he joked. The Post has reached out to Costco for comment.
Yahoo
5 days ago
- Business
- Yahoo
RXO Q2 2025 truckload market forecast: Inflation continues but at slower pace
RXO recently released its Q2 Truckload Market Forecast, which found that despite economic turmoil, the U.S. truckload space remained relatively calm according to shippers' KPIs. RXO's Curve forecast reported a 9.1% year-over-year increase in spot rates, a slight drop from the 11.6% growth in Q4 2024. Notably, contract rates grew for the first time since late 2022. FreightWaves' Todd Maiden writes, 'A trend – largely in place since 2023 – of soft freight demand, reductions in carrier capacity and stable rates continued in the first quarter.' 'We're as close to equilibrium, in terms of carrier supply and shipper demand, as we've been in over two years,' the update said. 'Relatively speaking, the capacity situation is much more fragile than at this time last year. With a continued difficult landscape for carriers, and (in many cases) decreasing 2025 contract rates setting in, it could set the stage for volatility later in 2025.' Shippers enjoyed a favorable environment in Q1 with high tender acceptance rates and accessible capacity, despite carriers' grappling with higher costs. According to Corey Klujsza, vice president of pricing and procurement at RXO, the market remained stable throughout the quarter, in line with seasonal expectations. An important Q1 development was the year-over-year growth in contract rates, marking a 1.4% rise from Q1 2024. Typically lagging behind spot rates, these contract rates have finally been lifted out of deflation. RXO analysts argue that the recent drop in inflation does not herald the market's peak. Historical patterns show temporary deviations in market cycles, and typical seasonal trends usually lead to rate retreats post-holidays. Additionally, with operating costs 34% higher than in 2014, significant rate drops remain unlikely. Macroeconomic factors also played a role, with U.S. GDP contracting for the first time since Q1 2022, coupled with trade policy-induced volatility. Import volumes spiked 14.5% in Q1, as shippers preempted new tariffs, but they have begun to decline in Q2. Looking ahead, Q2 is expected to bring typical seasonal volatility due to produce season and Memorial Day influences. However, significant rate increases remain unlikely without sustained higher demand. Supply constraints, particularly from carrier attrition, could cause future inflation. The U.S. Senate voted on Thursday to repeal a waiver granted to California by the Biden administration that required a large part of the trucking industry to achieve zero-carbon emissions by 2035. FreightWaves' John Gallagher writes: 'The nullifications of California's Advanced Clean Truck (ACT) and Low NOx Omnibus rules, accomplished through two Congressional Review Act resolutions, have already been adopted by the House of Representatives. They head to the White House where they are expected to be signed by President Donald Trump.' For the American Trucking Associations, it was a big win. The ATA had argued in a letter to Congress in April that if the California ACT regulation were allowed to move forward, 'Beginning with the 2024 model year, the Advanced Clean Trucks (ACT) regulation mandates that manufacturers progressively increase zero emission vehicle (ZEV) sales, aiming for 55% of Class 2b-3 vehicle sales, 75% of Class 4-8 vehicle sales, and 40% of Class 7-8 tractor sales to be ZEVs by the 2035 model year.' In a rare moment of agreement, the Owner-Operator Independent Drivers Association lauded the move, saying, 'For OOIDA members, vehicle reliability and affordability are critical. It's no wonder small-business truckers have left the state in droves to find better opportunities elsewhere.' This comes as some states are opting for a low-CARB diet, according to a recent article from Fleet Owner. Several states that originally voted to adopt California's Advanced Clean Trucks EV sales mandate are now rolling back or pushing out the enforcement dates. CARB is the environmental regulator California Air Resources Board. Fleet Owner reports Maryland, Massachusetts, Vermont and Oregon pushed back their compliance timelines for ACT by a year or more. For model year 2025, New Jersey, New York and Washington are on track while Colorado, New Mexico and Rhode Island begin enforcement for model year 2027. The post RXO Q2 2025 truckload market forecast: Inflation continues but at slower pace appeared first on FreightWaves.
