RXO

RXO gave a more optimistic outlook at the Jefferies Global Industrials Conference, saying it is gaining market share thanks to a higher spot mix and stricter carrier vetting. Adjusted EBITDA rose from $6m in Q1 to $40m in Q2, and gross profit per load increased by more than 10% in August. Management expects 20–25% of for‑hire freight capacity to exit the market, which would drive a supply‑led recovery while demand remains weak. RXO highlights advantages from high insurance levels, technology investments, and higher margins in spot, project and managed‑transportation businesses. » More on de.investing.com

RXO will be the Enterprise Purchasing Group’s exclusive transportation partner, providing full-truckload and less-than-truckload services. Members gain access to pre-negotiated freight rates, a network of more than 125,000 carriers and about 1.7 million trucks, and over 125 less-than-truckload providers. The agreement includes integration with the RXO Connect platform for shipment processing, tracking and visibility, and is intended to boost efficiency and lower costs. » More on de.investing.com

At the Chicago Industrials Summit, RXO reported adjusted EBITDA rising from $6m in Q1 to $40m in Q2, with a Q3 forecast also around $40m. The brokerage business outperformed the market (truck volume +2% vs. market -3%), the spot share was about 50% in July and drove margins through repricing to nearly 20%. Management sees a structural capacity reduction of up to 25% as a driver for a multi-year recovery, highlights technology and Coyote synergies, and expects last‑mile weaknesses to pressure Q3 by $3–5m. RXO is targeting an improvement in leverage (Q2: 4.1x net debt) toward ~3.0x by year-end and stronger free cash flow generation. » More on de.investing.com