RXO
RXO is an asset-light freight brokerage and transportation solutions provider serving enterprise and mid-market shippers. It operates the third-largest brokered transportation network in North America, accessing 150,000+ carriers and offering truckload, LTL, last mile, intermodal, and managed transportation services.
- Company typePublic
- Founded2022
- HeadquartersCharlotte, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What RXO does
RXO is an asset-light freight brokerage and transportation solutions provider incorporated in 2022 as a spin-off from XPO Logistics and now the third-largest brokered transportation provider in North America following the $1.025 billion acquisition of Coyote Logistics from UPS in September 2024. The company operates as a two-sided platform, serving enterprise and mid-market shippers with capacity needs across North America and providing independent trucking companies with loads, fuel discounts, factoring services, and rewards. RXO's service portfolio spans truckload brokerage (dry van, refrigerated, flatbed, hazmat, bulk), less-than-truckload, intermodal, drayage, last mile delivery for heavy goods, managed transportation, expedited solutions, and ocean/air freight forwarding, with named customers across retail (Lowe's, TSC), automotive (Ford, General Motors), and agriculture (Syngenta, Land O'Lakes).
The company's technology foundation is the RXO Connect digital freight platform, which combines machine learning and AI with billions of data points to provide real-time shipment tracking, digital freight matching, market analytics, and a quoting and booking marketplace. Carrier-facing tooling includes the RXO Drive mobile application, the CoyoteGO platform retained post-acquisition, and the Coyote suite of programmatic APIs covering truckload quoting, LTL quoting, tracking, document submission, load management, available loads, and booking. RXO publishes the proprietary Curve truckload spot rate index as a quarterly market forecast based on actual transactional data. Recent AI initiatives include agentic AI systems that automate over 500,000 calls monthly and deliver bidding responses more than 10 times faster, contributing to a 30% sequential increase in digitally quoted truckloads and 15% AI-driven productivity gains in 2026.
RXO generates revenue primarily through transaction-based fees on brokering freight between shippers and carriers, capturing the spread between buy and sell rates on a network of approximately 150,000 independent carriers and 1.8 million trucks. Secondary streams include managed transportation services (approximately $4 billion of freight under management annually), last mile delivery fees for heavy goods (over 11 million annual deliveries), and interchange and participation revenue from the RXO Extra carrier rewards marketplace covering fuel cards and factoring. The go-to-market combines direct enterprise sales for complex, high-volume accounts with digital self-service via RXO Connect for spot quoting and booking, supplemented by programmatic API access for embedded integrations.
RXO firmographics
Firmographics- Name
- RXO
- Legal name
- RXO, Inc.
- Website
- https://rxo.com
- Company type
- Public
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- RXO is an asset-light freight brokerage and transportation solutions provider serving enterprise and mid-market shippers. It operates the third-largest brokered transportation network in North America, accessing 150,000+ carriers and offering truckload, LTL, last mile, intermodal, and managed transportation services.
- Ownership category
- akta.pro rank
Where RXO is headquartered
LocationHeadquarters
- HQ city
- Charlotte
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
RXO business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Freight Brokerage: RXO earns transaction-based fees by brokering freight between shippers and carriers. The company matches shipper demand with carrier capacity, taking a spread between buy rates (paid to carriers) and sell rates (charged to shippers). Revenue is highly volume-dependent and exposed to freight rate cycles and market conditions.
- Managed Transportation: Outsourced supply chain execution services where RXO manages transportation operations for customers, executing cost-efficient supply chain strategies. Includes control tower services, RFP management, and project freight handling for approximately $4 billion of freight annually.
- Last Mile Delivery: Outsourced final delivery services for heavy goods, generating revenue through per-delivery fees. RXO is described as the largest provider of outsourced last-mile delivery for heavy goods.
- Specialized Freight Services: Services including expedited, cross-border, ocean/air freight forwarding, bulk transport, and temperature-controlled shipping. Revenue generated through specialized handling fees and transportation charges.
- RXO Extra Carrier Rewards: Carrier rewards marketplace providing fuel card programs, factoring services, and fleet discounts. Revenue derived from interchange fees and carrier participation in rewards programs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Freight brokerage services - quote-based pricing |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
RXO product offering
Product offeringCore offering
RXO is an asset-light freight brokerage and transportation solutions provider that connects shippers with a network of approximately 150,000 independent carriers and 1.8 million trucks across North America. Its core offering is the RXO Connect™ digital freight platform that delivers truckload, less-than-truckload (LTL), intermodal, drayage, managed transportation, last mile delivery, expedited, and freight forwarding services. RXO also provides outsourced supply chain management, executing cost-efficient strategies for approximately $4 billion of freight annually.
Product overview
RXO is an asset-light transportation solutions provider operating a multi-modal, platform-centric business model. The core offering is the RXO Connect™ digital freight platform, which serves as the central nervous system connecting shippers and carriers across all service lines. The product portfolio spans: Truckload Services (dry van, temperature-controlled, flatbed, hazmat, bulk transport), Less-Than-Truckload (LTL), Intermodal, Drayage, Managed Transportation, Last Mile Delivery, Expedited Solutions, Freight Forwarding (ocean/air), Dedicated Transportation, and Middle Mile Solutions (launched February 2026). Carrier-facing tools include RXO Drive™ mobile app, CoyoteGO platform (acquired through the $1.025B Coyote Logistics acquisition), and RXO Extra™ rewards marketplace. The company processes approximately $4 billion of freight annually through managed transportation and accesses ~150,000 independent carriers. AI-powered capabilities include agentic automation for freight matching, predictive analytics via the Curve truckload rate index, and process automation across the RXO Connect platform.
Differentiator
Problem solved
Functional benefit
Brands
- RXO Connect: Digital freight platform providing real-time visibility, automation, and analytics for shippers and carriers
- RXO Extra
- CoyoteGO
- Coyote
Quantifiable outcome
- 16.5% year-over-year truckload spot rate increase in Q1 2026 (highest since Q3 2021) as measured by Curve index
- +7 more outcomes
Companies that use RXO
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles3 records
RXO technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature6 records
RXO partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Triumph FinancialminorRXO participates in Triumph Financial's white-label Factoring as a Service (FaaS) program, enabling RXO's carrier network to access Triumph's factoring and financial services. RXO identified as one of Triumph's white-label FaaS clients alongside C.H. Robinson. The partnership provides carriers with faster payment options and financial flexibility through Triumph's platform. RXO's participation in the FaaS offering grew with 136% increase in purchase volume in Q4.
Scale indicators12 records
Recent moves7 records
Expansion highlights6 records
RXO competitors and assessment
Company assessmentBroad incumbents
- DSV A/S: Global freight forwarding and logistics provider (including post-Schenker integration) competing with RXO's freight forwarding and North American brokerage activities.
- Kuehne + Nagel: Large global freight forwarder with North American road logistics and contract logistics operations; comparable across forwarding and managed transportation offerings.
- XPO Logistics: Former parent of RXO and now a pure-play less-than-truckload provider; comparable as the LTL/truck brokerage market incumbent that spun out RXO in 2022.
- J.B. Hunt Transport Services: Large intermodal and dedicated services operator with a sizeable brokerage segment (ICS); overlaps significantly with RXO's intermodal, dedicated, and brokerage services.
- Schneider National: Diversified carrier with truckload, intermodal, and logistics segments; comparable for intermodal, brokerage, and managed transportation competing against RXO.
Direct peers
- ArcBest: Asset-light and asset-based freight services operator (including Panther Premium, MoLo, and freight brokerage); competes with RXO across truckload brokerage and managed transportation.
- C.H. Robinson Worldwide: North America's largest freight brokerage and 3PL operator; offers truckload, LTL, intermodal, and managed transportation services through technology-enabled platforms — directly comparable to RXO across the asset-light freight services stack.
- Landstar System: Asset-light freight broker and logistics provider using independent agents and owner-operators; core truckload brokerage model with similar carrier-network structure to RXO.
- Echo Global Logistics: Technology-enabled freight brokerage managing truckload and LTL shipments for shippers; was a direct U.S. truck-broker competitor to RXO/Coyote before its take-private by The Jordan Company.
- Hub Group: Asset-light intermodal and logistics services provider offering truck brokerage, final mile, and managed transportation; competes directly with RXO's intermodal and managed services.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
RXO social profiles
Digital presenceRXO compliance and trust
Trust signalCompliance1 record
RXO financial estimates
Financial estimateRevenue estimate
Valuation estimate
RXO leadership team
Management profileNumber of profiles
Profiles10 records
RXO subsidiaries and ownership
Company hierarchySubsidiaries2 records
RXO funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
RXO M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about RXO
What does RXO do?
RXO is an asset-light freight brokerage and transportation solutions provider that connects shippers with a network of approximately 150,000 independent carriers and 1.8 million trucks across North America. Its core offering is the RXO Connect™ digital freight platform that delivers truckload, less-than-truckload (LTL), intermodal, drayage, managed transportation, last mile delivery, expedited, and freight forwarding services. RXO also provides outsourced supply chain management, executing cost-efficient strategies for approximately $4 billion of freight annually.
Is RXO a public or private company?
RXO is a public company. It is classified as public and is currently operating.
When was RXO founded?
RXO was founded in 2022. It employs 5,001 to 10,000 people.
Where is RXO based?
RXO is headquartered in Charlotte, United States, in the North America region.
How does RXO make money?
Five revenue lines are on record. Freight Brokerage is the primary driver. The others are managed Transportation, last Mile Delivery, specialized Freight Services and RXO Extra Carrier Rewards.
Who are RXO's main competitors?
Broad incumbents on record are DSV A/S, Kuehne + Nagel, XPO Logistics, J.B. Hunt Transport Services and Schneider National. Direct peers are ArcBest, C.H. Robinson Worldwide, Landstar System, Echo Global Logistics and Hub Group.
Does RXO have an API?
Yes. RXO (through its acquired subsidiary Coyote Logistics) offers a suite of APIs including: Coyote Truckload Quoting API (identifies truckload transportation services and displays rates), Coyote Less Than Truckload Quoting API (identifies LTL transportation services and displays rates), Coyote Tracking API (provides shipment status reports), Coyote Document API (allows submission and retrieval of documents for shipments), Coyote Load Management API (allows creation, adjustment and cancellation of shipments), Coyote Available Loads API (identifies available shipments), and Coyote Book It Now API (allows booking of available brokered shipments). These APIs are available to licensed customers and resellers within the Territory (contiguous 48 states, D.C., Canada, and Mexico) for Internal Purposes only. The API terms prohibit use for competing transportation services or analytics comparing Coyote services with other logistics providers. Developer documentation is at coyote.com/privacy-policy.