RXO

RXO

RXO launched in November 2022 as a standalone public company after XPO Logistics completed the spin-off of its tech-enabled truck brokerage business. CEO Drew Wilkerson, a former XPO executive, took the helm of an operation already generating roughly $4.8 billion in annual revenue, built on the acquired scale of more than a dozen legacy brokerages including Norbert Dentressangle and Con-way. The firm operates as an asset-light transportation manager, matching shipper demand with available carrier capacity across full truckload, less-than-truckload, and last-mile delivery. Rather than owning trucks, RXO provides managed transportation services, leveraging a data engine that ingests millions of daily data points to price freight and route loads. The platform covers all major US lanes and cross-border Mexico trade, with expanding capabilities in managed expedite and project logistics. Public filings show the firm moves roughly 3,500 loads per day for customers including manufacturers, retailers, and e-commerce operators. Corporate functions sit in Charlotte, North Carolina, with operational centers positioned near key freight hubs in the Midwest and Southeast. As a publicly traded entity, RXO discloses quarterly financials rather than AUM or deployment metrics, and operates without the limited-partner capital or fund structures typical of private investment firms. In November 2022, the company completed its separation from XPO and began trading on the NYSE under ticker RXO, establishing an independent board and full public-company governance. The structural distinction of RXO lies in its dual identity as both a transportation operator and a listed equity. Unlike private equity logistics platforms that acquire and integrate trucking assets, RXO remains deliberately asset-light — owning technology and relationships rather than fleets. This model ties capital allocation directly to public market discipline, making expansion subject to quarterly earnings scrutiny rather than closed-end fund cycles.