RXO growth driven by higher margins, mix shift, capacity exit
RXO says gross profit per load rose over 10% from July to August, spot loads are 50% of the mix, and truckload volume is up year-on-year. A regulatory shift and stricter vetting are driving a major capacity exit.
Gross profit per load rose more than 10% from July to August, while spot loads now account for 50% of the mix and truckload volume increased year on year. Regulatory changes and tighter vetting are prompting a major exit of capacity, with the company saying that is supporting margins and market share. Technology and disciplined capital allocation continue to support the company’s strategy.