RXO gross profit per load rises; capacity tightens, truckload volume up
RXO says gross profit per load rose over 10% sequentially. Spot loads are 50% of the mix and truckload volume is up year-on-year, as capacity exits and tighter vetting support margins and market share.
Gross profit per load rose over 10% sequentially, with spot loads now 50% of the mix and truckload volume up year-on-year. The company said regulatory changes and tighter vetting are driving a major capacity exit, which is supporting margins and market share. Technology and disciplined capital allocation are underpinning growth and…