RXO

RXO's journey began in 2022, when it was spun off from XPO, Inc., a well-established transportation and logistics company. This strategic move was designed to create a focused, tech-enabled pure-play in the brokered transportation sector. From its inception, RXO was envisioned as a leader in asset-light transportation solutions, leveraging cutting-edge technology to connect shippers and carriers with unprecedented efficiency. The company launched with a significant footprint, boasting approximately 7,400 employees and a robust network. Drew Wilkerson, a seasoned transportation industry veteran with extensive brokerage leadership experience, was selected as CEO to helm the newly independent company. His vision and expertise were deemed central to RXO's strategy for sustained growth and value creation.

Headquartered in Charlotte, North Carolina, RXO quickly established itself as a major player, becoming the fourth largest full truckload broker in the United States upon its launch. The company's core offering revolves around its proprietary RXO Connect™ digital brokerage platform. This platform, which incorporates machine learning and artificial intelligence, automates many aspects of the brokerage process, providing shippers with on-demand access to a vast network of approximately 10,000 customers and over 100,000 independent carriers across North America. RXO's services extend beyond truck brokerage to include complementary solutions like managed transportation, freight forwarding, and last-mile delivery. The company prides itself on its ability to combine massive capacity with innovative technology to move freight efficiently through complex supply chains. In a significant move to further enhance its market position and expand its capabilities, RXO completed the acquisition of Coyote Logistics from UPS in September 2024 for $1.025 billion, solidifying its status as the third-largest provider of brokered transportation in North America. This acquisition is expected to bring increased network density, broader customer and carrier networks, and the integration of Coyote's technology and talent into RXO's operations. RXO continues to invest in its technology and expand its operations, with a clear focus on providing data-driven insights and efficient logistics solutions to its diverse clientele, which includes more than half of the Fortune 100 companies.