Third-quarter earnings at 3PL giant RXO included just two weeks’ worth of finances from the Sept. 15 closing of its acquisition of Coyote Logistics. But RXO’s management likes what it has seen enough so far that it made a significant change in projections of how the acquisition will impact the combined companies.
One group that did not like what it saw in the earnings report: investors. At approximately 3:15 p.m. EST, RXO (NYSE: RXO) stock was down $2.98, to $29.93, a decline of 9.18%. RXO is...