RXO

AI-driven digital freight matching platforms are transforming the brokerage landscape, helping shippers and carriers automate workflows, boost utilization, and navigate the lingering freight recession. Industry leaders say technology adoption is now table stakes, with consolidation, predictive pricing, and hybrid human-tech models driving the next wave of growth and efficiency.

Kenco, GEODIS, Sysco, Maersk, and other logistics leaders will join the program at the 2025 NextGen Supply Chain Conference to showcase AI, automation, and strategies reshaping global logistics.

While a prolonged soft freight market remains intact, contractual rates are moving higher and momentum is building.

The study, entitled, “The Logistics Professional’s Guide to KPIs” was based on feedback from 1,000 North American logistics professionals, including 500 shippers and 50 carriers, across various business types, industry verticals, geographies, and company sizes.

In what could be viewed as a largely down freight market in recent years, driven by various factors, including inflation, uneven demand, and sluggish manufacturing, among other factors, a more stable part of the freight market appears to be an increase in logistics-focused mergers and acquisitions (M&A) activity.

Following a June announcement in which Atlanta-based global freight transportation and logistics services provider UPS said it had formally entered into an agreement to sell its Chicago-based truckload brokerage unit, Coyote Logistics, to Charlotte, N.C.-based full truckload broker RXO Logistics, for $1.025 billion, RXO said today that the deal is now official.

According to all our recent reports, truckload (TL) shippers are still smiling as market conditions continue to be in their favor. With low rates and excess capacity still intact, the big question is now: How long can this keep going on?

Logistics Management Group News Editor Jeff Berman recently caught up with Drew Wilkerson, CEO of Charlotte, N.C.-based RXO, the fourth-largest full truckload broker in the United States, and asset-light transportation services provider. Wilkerson provided updates and analysis on various market trends and topics, including: the state of the freight economy; the spot market; pricing; and nearshoring, among others.

Logistics Management Group News Editor Jeff Berman recently spoke with Jared Weisfeld, Chief Strategy Officer, for Charlotte-based RXO, the fourth-largest full truckload broker in the United States, and asset-light transportation services provider. Weisfeld provided Berman with a broad overview of how RXO views current market trends, including inventories, what may be in store for Peak Season, and capacity management, among others. Their conversation follows below. 

Company officials said that this new facility, which has more than 25 employees will provide customers with warehousing and distribution services, leveraging its location “at the center of the nearshoring movement—at the U.S.-Mexico border. RXO made a total investment of more than $30 million over the next 10 years, into this facility.

The debut of RXO was made official today, with the spin-off of XPO Logistics truck brokerage and asset-light transportation units now officially complete. RXO began trading today on the New York Stock Exchange, and it is the fourth-largest full truckload broker in the United States. The company has roughly 7,400 employees, with its technology-enabled truck brokerage business connecting shippers across various verticals to around 100,000 independent carriers and more than 1.5 million trucks. RXO’s corporate headquarters are in Charlotte, N.C.

Third quarter earnings for Greenwich, Conn.-based XPO Logistics were very strong, according to results issued earlier today. Quarterly revenue—at $3.04 billion—was down 7% annually but was up 3% when excluding third quarter 2021 revenue from its intermodal business, which was sold in March 2022.

XPO said it expects to report $3.04 billion in quarterly revenue and operating income to come in between $181 million-to-$185 million, with EBITDA pegged at $348 million-to-$352 million.

Greenwich, Conn.-based freight transportation services provider XPO Logistics said it has established a new name for its truck brokerage and asset-light transportation units, in the latest step of its spin-off processes over the last several months. The new company will be named RXO, which XPO said will reflect its commitment to providing shippers with “reliability multiplied by outperformance,” with a corporate tagline of “Massive capacity. Cutting edge technology.”