Name | Value |
---|---|
Revenues | 1,120.0M |
Cost of Revenue | 842.0M |
Gross Profit | 278.0M |
Operating Expense | 275.0M |
Operating I/L | 3.0M |
Other Income/Expense | -9.0M |
Interest Income | -1.0M |
Pretax | -6.0M |
Income Tax Expense | -2.0M |
Net Income/Loss | -4.0M |
RXO is a truckload freight transportation brokerage in the United States, offering access to truckload capacity and complementary brokered services of managed transportation, last mile, and freight forwarding through a proprietary digital freight marketplace. The company generates revenue by facilitating transactions between shippers and carriers, earning a commission on each successful match. Its digital platform streamlines the process of connecting available truckload capacity with shipping needs, providing efficient and cost-effective solutions for both parties.