RXO, Inc.
RXO, Inc. (NYSE: RXO) operates as a brokered transportation platform combining cutting-edge technology with an asset-light business model. The company's website is www.rxo.com. RXO was spun off from XPO Logistics in November 2022 and subsequently acquired Coyote, a technology-driven truckload freight brokerage… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What RXO, Inc. does
In the company’s own words
RXO, Inc. (NYSE: RXO) operates as a brokered transportation platform combining cutting-edge technology with an asset-light business model. The company's website is www.rxo.com. RXO was spun off from XPO Logistics in November 2022 and subsequently acquired Coyote, a technology-driven truckload freight brokerage business, from United Parcel Service in September 2024 for $1.038 billion.
The company's core business consists of truck brokerage services, which represent the largest component of operations. RXO connects shippers with independent motor carriers using its proprietary RXO Connect digital freight marketplace platform. The company also provides complementary asset-light services including managed transportation solutions, last mile delivery services, and freight forwarding operations encompassing ocean and air transportation, customs brokerage, and domestic services.
RXO's truck brokerage business generates robust free cash flow and high returns on invested capital by leveraging relationships with independent carriers rather than owning transportation assets. The company serves customers ranging from small businesses to Fortune 100 companies across diversified verticals including retail and e-commerce, food and beverage, industrial and manufacturing, logistics and transportation, and automotive. In 2025, the top twenty customers represented approximately 37 percent of revenue, while the top five customers accounted for 23 percent, with the largest customer representing 11.4 percent of total revenue.
The company operates with 9,218 team members as of December 31, 2025, comprising 6,906 regular employees and 2,312 temporary workers. Of regular employees, 36 percent work in hourly roles and 64 percent in salaried positions, with 36 percent female representation.
RXO's competitive advantages include first-mover technology advantage in brokerage innovation, access to massive truckload capacity through extensive carrier relationships, proprietary pricing algorithms utilizing machine learning, and experienced leadership with deep industry expertise. The company's digital platform provides real-time visibility into supply and demand, automated transaction processing, and dynamic pricing capabilities that enhance productivity and margin optimization for both shippers and carriers.
Company details
- Sector
- Industrials
- Industry
- Transportation & Utilities
- Headquarters
- CHARLOTTE, NC
- Fiscal year end
- December
- CIK
- 1929561
- SIC
- 4700
Financial performance, year by year
Fiscal 2022–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns RXO, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Superinvestors in RXO, Inc. · what they did last quarter
Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.
Largest fund holders · RXO, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
RXO, Inc.’s bonds, as funds hold them
Funds report holding 1 issues of RXO, Inc.’s debt, $161.75M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 6.38%, maturing 2031 to 2031.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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