RXO Reports 53% Revenue Jump in Q2
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RXO Inc.’s revenue increased 52.6% in the second quarter despite the prolonged soft freight environment, the company reported Aug. 7.
The Charlotte, N.C.-based asset-light transportation provider posted a net loss of $9 million, or negative 5 cents a diluted share, for the three months ending June 30. That compared with a loss of $7 million, negative 6 cents, during the same time the previous year. Total revenue increased to $1.42 billion from $930 million.
“Our brokerage business outperformed the market, growing volume by 1% year over year, driven by 45% growth in less-than-truckload volume,” CEO Drew Wilkerson said. “We’re seeing early benefits from our newly combined carrier and coverage operations.”
RXO noted in the report that the net loss included transaction, integration restructuring and other costs. The adjusted net income of $7 million compares with $4 million last year. Those costs, along with the amortization of intangibles, also impacted earnings per share.
“The actions we’re taking now are yielding results in the short term and positioning us well for the long term,” Wilkerson said. “We’re focused on growing profitably, and we’re realizing the benefits of our increased scale. That scale, combined with our cutting-edge technology, is driving productivity improvements.
“RXO is uniquely positioned to deliver increased earnings power and free cash flow over the long term and across market cycles.”
Revenue by Segment
• Truck Brokerage increased to $1.03 billion from $543 million during the same time last year. Freight volume increased 1% year over year in the second quarter. That included the impact of the Coyote Logistics acquisition in both periods. Less-than-truckload volume increased 45%, but this was partially offset by a 12% decline in full truckload volume.
RXO released its 2Q 2025 results, including year-over-year Brokerage volume growth of 1%. Momentum continued in complementary services, with 17% growth in Last Mile stops year-over-year. Cash performance was strong, and we’re already beginning to see the benefits from our unified… — RXO (@rxoinc)
• Complementary Services increased 8.6% to $457 million from $421 million. The report highlighted that managed transportation increased the synergy loads provided to brokerage. It also noted that last-mile stops grew 17% year over year.
RXO ranks No. 16 on the Transport Topics Top 100 list of the largest logistics companies in North America.
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