RXO recently released its Q2 Truckload Market Forecast, which found that despite economic turmoil, the U.S. truckload space remained relatively calm according to shippers’ KPIs. RXO’s Curve forecast reported a 9.1% year-over-year increase in spot rates, a slight drop from the 11.6% growth in Q4 2024. Notably, contract rates grew for the first time since late 2022.
FreightWaves’ Todd Maiden writes, “A trend – largely in place since 2023 – of soft freight demand, reductions in carrier...
The overall trajectory for truckload spot rates remains “inflationary,” but trade policy presents a significant wild card, according to a report issued by freight broker RXO on Thursday.
The Charlotte, North Carolina-based company’s Curve quarterly forecast said the TL market “has remained relatively calm” with spot rates continuing to step higher despite disruption from rapidly changing tariff policies. A trend – largely in place since 2023 – of soft freight demand, reductions in carrier...
https://www.freightwaves.com/news/truckload-spot-rates-to-continue-upward-trend-rxo-says
The stock performance of the few 3PLs that are publicly traded tells a stark story in the past 12 months.
RXO (NYSE: RXO), which in its most recent two quarters posted losses, is down about 31% in the past year. Landstar (NASDAQ: LSTR), which has yet to report its first-quarter earnings and is considered mostly a 3PL but with some unique characteristics, is down 25.5% during those 12 months.
C.H. Robinson (NASDAQ: CHRW), which a little more than a year ago was reported to be one of the most...
https://www.freightwaves.com/news/how-is-c-h-robinson-turning-things-around-cfo-lee-has-a-few-ideas
(For a review of some of the data in RXO’s earnings, please go here.)
With another quarter of operating and net losses in the book, RXO management on its first-quarter earnings call pursued several paths to accentuate the positive.
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RXO touted the integration of Coyote Logistics in its first quarter earnings release, with higher synergies now predicted and integration moving forward.
But the finances at the 3PL were not good. RXO posted an operating loss of $30 million, compared to a $12 million operating loss in the corresponding quarter a year ago and $24 million operating loss in the fourth quarter of 2024.
Revenue comparisons year-on-year are not on an equal basis due to the Coyote acquisition, which closed in...
PHOENIX – The crowded FreightTech field faces a continuous problem: How does a company make its products stand out when so much of their functionality overlaps with competitors’ offerings?
Most of what various FreightTech products offer in particular applications is identical, except for that last slice of functionality with which one company tries to set itself apart. And that’s where the fiercest battles take place.
That reality of the market has led the Truckload Carriers Association at its...
A case involving giant 3PL RXO has the potential to add another decision to the body of law regarding broker liability.
RXO (NYSE: RXO) brokered a shipment of cellphones for phone reseller PCS Wireless. The shipment was booked a few months before RXO was spun off as a standalone 3PL by XPO, and RXO is identified in the initial lawsuit as “f/k/a” – formerly known as – XPO (NYSE: XPO).
The shipment totaled about 54,000 phones with a value of approximately $11.5 million. They were to move from Texas...
About 11 years after Moody’s first placed a Baa1 rating on J.B. Hunt’s publicly traded debt, the ratings agency this week affirmed that rating.
It’s been a remarkable run of stability for the trucking and intermodal giant (NASDAQ: JBHT). The Baa1 rating – three notches above the dividing line between investment-grade and non-investment-grade debt – dates back to 2014.
Baa1 is equivalent to the BBB rating of S&P Global Ratings. S&P has had a BBB rating on J.B. Hunt since 2012, though last summer...
https://www.freightwaves.com/news/j-b-hunt-keeps-its-11-year-old-debt-rating-from-moodys
Pronóstico de RXO Q1: tasas de carga de camiones que probablemente aumentarán pero no se disparan (Gráfico: RXO) RXO lanzó recientemente su Q1 2025 Previsión del mercado de carga de camionescon su índice de curva que muestra una continuación de la inflación de la tasa observada por primera vez en...
RXO recently released its Q1 2025 Truckload Market Forecast, with its Curve Index showing a continuation of rate inflation first observed in Q4 2024. The Curve, formerly the Coyote Curve, is a proprietary index measuring year-over-year changes in truckload linehaul spot rates, excluding fuel.
The forecast highlighted how rising spot rates and capacity exiting the market are driving the upswing, though the authors...
https://www.freightwaves.com/news/rxo-q1-forecast-2025-upswing-will-feel-more-like-2014-than-2021