Overview
- RXO reported fourth‑quarter revenue of $1.5 billion, adjusted EBITDA of $17 million, and an adjusted loss per share of $0.07.
- The company recorded a GAAP net loss of $46 million, widening from losses reported in both the prior quarter and the year‑ago period.
- Management said industry buy rates jumped about 15% month over month in December—the largest November‑to‑December increase in 16 years—outpacing contractual sell rates and pushing brokerage gross margin to 11.9%.
- Brokerage volume fell 4% year over year, with truckload down 12% and LTL up 31%, and truckload gross profit per load in December ran about 30% below the five‑year average.
- RXO highlighted a late‑stage brokerage pipeline up more than 50%, ongoing AI and platform integrations, and a new $450 million asset‑based lending facility, while guiding Q1 EBITDA to $5–$12 million as analysts warn the market turn is testing brokers’ working capital and execution.