- Company winning accretive spot opportunities
- April volume outperformed the Cass Freight Index
On the company’s first-quarter earnings conference call on
“Last week, market conditions tightened even further, exacerbated by CVSA International Roadcheck. RXO stayed close to our customers and won significant spot opportunities, helping to more than offset the squeeze on our contractual book of business,” said
Spot increased as a percentage of the company’s Brokerage truckload volume in the first two weeks of May when compared to April.
In addition, RXO announced that its April full-truckload volume outperformed relative to the market. RXO’s truckload volume declined by approximately 2% year-over-year in April, a significant improvement relative to the first quarter, and a more than 200-basis-point outperformance when compared to the Cass Freight Index, which declined by more than 4% year-over-year in April.
The company made the announcement ahead of an investor conference at which Weisfeld is speaking.
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 and last mile delivery. The company combines massive capacity and cutting-edge technology to move freight efficiently through supply chains across
View source version on businesswire.com: https://www.businesswire.com/news/home/20260519237064/en/
Media Contact
nina.reinhardt@rxo.com
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kevin.sterling@rxo.com
Source: RXO