Name | Value |
---|---|
Revenues | 1,010.0M |
Cost of Revenue | 759.0M |
Gross Profit | 251.0M |
Operating Expense | 232.0M |
Operating I/L | 5.0M |
Other Income/Expense | -8.0M |
Interest Income | 8.0M |
Pretax | -3.0M |
Income Tax Expense | -3.0M |
Net Income/Loss | 0.0M |
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.