RXO Business Summary

RXO Inc. (RXO) operates as a premier asset-light brokered transportation platform, generating revenue through transactional buy-sell spreads, recurring management fees, and specialized service premiums. The company’s business model is centered on its proprietary RXO Connect™ digital marketplace, which leverages AI-driven algorithms to optimize freight matching across four primary segments: Truck Brokerage (contributing approximately 72% of total revenue), Managed Transportation, Last Mile, and Freight Forwarding. Following the transformative 2024 acquisition of Coyote Logistics, RXO has solidified its position as the third-largest brokered transportation provider in North America, boasting a network of over 100,000 carriers and reporting FY 2025 revenue of $5.74 billion. In the competitive landscape, RXO competes directly with C.H. Robinson, J.B. Hunt Transport Services, and Landstar System, positioning itself as a tech-first, pure-play broker that prioritizes digital automation and high-margin contract freight over asset-heavy operations. RXO was launched as an independent public company in 2022 via a spin-off from XPO Logistics, led by founding CEO and current Chairman Drew Wilkerson, a 19-year brokerage veteran with a leadership pedigree from C.H. Robinson and XPO. The executive suite includes Chief Financial Officer Jamie Harris, who offers 35 years of B2B financial expertise from SPX Technologies and Coca-Cola Consolidated, and Chief Technology Officer Alyssa Myers, the principal architect of the company’s digital infrastructure. Other key leaders include Chief Strategy Officer Jared Weisfeld and Chief Human Resources Officer Heidi Ratti. The company is characterized by high institutional ownership, with major stakes held by MFN Partners Management, BlackRock, and Vanguard. Its Board of Directors is chaired by Wilkerson and includes notable members such as Lead Independent Director Michelle Nettles and industry veteran Troy Cooper.