Overview
RXO, Inc. is a technology-enabled, asset-light transportation brokerage and logistics company. Its core business is truck brokerage, matching shippers with independent carriers; complementary services include managed transportation, last-mile delivery and freight forwarding. RXO reports one operating segment.[1][2][3][4][5]
The company is principally focused on North America, while its freight-forwarding services extend to international shipments through an intercontinental office network. RXO’s stated purpose is “to make transportation simpler and more effective for everyone.” [4][6][7]
RXO reported $5.742 billion in revenue for FY2025 and 9,218 team members at year-end, including regular employees and temporary workers. It became an independent, publicly traded company following its spin-off from XPO in November 2022.[8][9][10] [1][2][3][4][5][6][7][8][9][10][6][7][9][10]
Products & services
RXO’s truck-brokerage services connect shippers with available truck capacity through RXO Connect®, where shippers can post loads and carriers can find, bid on and book freight online or through a mobile app [11]. Truckload options include dry van, temperature-controlled, flatbed, drop-trailer, cross-border, expedited and multi-stop transportation [12]. RXO’s technology offerings also include shipment updates and analytics [13].
Managed transportation includes load planning and procurement, performance monitoring, engineering, data analytics and control-tower support with shipment visibility and continuous improvement. Managed expedite uses automated procurement for time-critical road and air-charter shipments [14][15][16][17]. Last Mile provides heavy-goods delivery through third-party contractors, with options including same- or next-day delivery, porch drop-off, installation and assembly [18][19]. Freight forwarding covers ocean and air transportation, customs brokerage and domestic services, including middle-mile transportation [14][6].
RXO reports one reportable segment and does not provide a revenue-percentage breakdown for these individual services in the cited filing [20]. [11][14][18][20][12][13][15][16][17][19][6]
Geographic presence
RXO’s FY2025 filing reports 171 facilities: 152 in North America (132 leased and 20 located at customer sites), eight in Asia and six in Europe, alongside five corporate facilities. It does not provide a country-by-country breakdown of these locations.[21][22]
At December 31, 2025, RXO had 9,218 team members, including 6,906 regular employees and 2,312 temporary workers; employee distribution by geography was not disclosed.[23] Its principal executive office is in Charlotte, North Carolina.[24]
RXO describes freight-forwarding services with worldwide and intercontinental reach, and cross-border service between the United States, Canada and Mexico.[6][25][26] The FY2025 filing reports consolidated revenue but does not disclose revenue by country or region.[27][9] [21][22][23][24][27][6][25][26][9]
Business segments
RXO reports one operating and reportable segment. Truck brokerage, last mile, and managed transportation are described as service offerings, rather than separate reportable segments.[5][20]
For FY2025, the latest completed full year, truck brokerage generated $4.225 billion, approximately 73.6% of consolidated revenue; it connects shippers and carriers to arrange truckload transportation.[28][29] Last mile generated $1.196 billion, approximately 20.8%, primarily providing asset-light delivery of heavy goods to consumers through third-party contractors.[4][29] Managed transportation generated $549 million, approximately 9.6%, and includes outsourced freight management such as planning and procurement, control-tower visibility, analytics, managed expedite, and freight forwarding.[3][29]
The service-line figures include $(228) million of eliminations, approximately (4.0)% of revenue, reconciling the offerings to consolidated FY2025 revenue of $5.742 billion; consequently, the individual offering shares sum to more than 100% before eliminations.[29] In the first half of 2026, the latest interim period identified, truck brokerage accounted for approximately 76.5% of revenue, last mile 19.0%, managed transportation 8.3%, and eliminations (3.8)%.[30] [5][20][28][29][4][29][3][29][29][29][30][30][30][30][30][9][31][32]
Company history
RXO’s origins as an independent company began with XPO’s December 2021 announcement that it planned to separate its tech-enabled brokerage business. The company was formed in May 2022, and XPO named Drew Wilkerson as the planned spin-off’s CEO that month.[33][34] XPO announced the RXO name in July 2022; the separation was completed on November 1, 2022, when RXO began trading on the New York Stock Exchange under the ticker RXO.[35][36][10]
In June 2024, RXO agreed to acquire Coyote Logistics from UPS for $1.025 billion. The acquisition closed on September 16, 2024, substantially expanding RXO’s brokerage operations.[37][38][39] [33][34][35][36][10][37][38][39][34][35][10][37][39]
Sources
- RXO, Inc. — Full financial report (2025 Y)
- rxo.com[6]
- rxo.com[7]
- www.sec.gov[9]
- rxo.com[10]
- rxo.com[12]
- rxo.com[13]
- RXO, Inc. — Full financial report (2026 Q 2)
- rxo.com[15]
- rxo.com[16]
- rxo.com[17]
- rxo.com[19]
- rxo.com[25]
- rxo.com[26]
- RXO, Inc. — Press release (2025 Y)[29]
- investors.rxo.com[31]
- www.sec.gov[32]
- RXO, Inc. — Full financial report (2022 Y)[33][36]
- rxo.com[34]
- news.xpo.com[35]
- rxo.com[37]
- RXO, Inc. — Full financial report (2024 Y)[38]
- rxo.com[39]
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