RXO Reports Q3 Revenue Growth of 31.7% to $1.87 Billion
RXO, Inc. (RXO) has released its third-quarter financial results, reporting a significant year-over-year revenue increase of 31.7%, totaling $1.87 billion. The company achieved a Non-GAAP earnings per share (EPS) of $0.09 for the quarter. The brokerage division showed consistent strength, with full-truckload volumes improving monthly and growing by 3% year over year. A key driver of profitability was the gross profit per load, which saw a sequential increase of 31%, bolstered by a spot market mix of 51%.
Topics: brokerage volume earnings report gross profit revenue growth