RXO

RXO Inc. operates as a technology-enabled, asset-light transportation provider, strategically positioned as the fourth-largest full truckload broker in the United States. The company was established as an independent, publicly traded entity on November 1, 2022, following its spin-off from XPO Logistics. This separation allowed RXO to focus purely on its brokerage and asset-light services. The company is led by CEO Drew Wilkerson, a transportation industry veteran who joined the predecessor company, XPO, in 2012. His career, which began at the desk level and included roles at C.H. Robinson, has been centered on building expertise in every aspect of the truck brokerage business, from sales and operations to customer and carrier relations.

The core of RXO's business is connecting shippers with a vast network of approximately 100,000 independent carriers and more than 1.5 million trucks across North America. The business model is asset-light, which provides flexibility and reduces capital expenditures associated with owning a vehicle fleet. Revenue is generated by providing truck brokerage services, complemented by managed transportation, last-mile delivery for heavy goods, and global freight forwarding. RXO serves a diverse client base that spans industries such as retail and e-commerce, food and beverage, industrial and manufacturing, and automotive, including more than half of the Fortune 100.

Central to its operations is the proprietary RXO Connect™ digital freight marketplace. This platform leverages artificial intelligence and machine learning to automate the brokerage process, offering shippers instant quotes, real-time visibility, and optimized pricing and routing. For carriers, the platform and its accompanying RXO Drive app provide tools to find loads, negotiate rates, and reduce empty miles, supplemented by a rewards program, RXO Extra, which offers savings on expenses like fuel. The technology is designed to integrate seamlessly with customers' existing Transportation Management Systems (TMS). Recently, the company has expanded its technological capabilities by introducing AI-powered visual check-in systems at warehouses to streamline truck arrivals and reduce wait times.

Keywords: freight brokerage, asset-light transportation, truckload brokerage, logistics technology, supply chain management, RXO Connect, digital freight marketplace, managed transportation, last-mile delivery, freight forwarding, Drew Wilkerson, North American logistics, carrier network, shipper solutions, transportation management systems, supply chain optimization, LTL brokerage, heavy goods delivery, logistics services, fleet management technology