RXO faces a rate squeeze: what it means for the 3PL

The word that came up repeatedly from RXO management during the 3PL’s earnings call with analysts was “squeeze.” RXO is facing a squeeze created by contractual rates the brokerage locked in at lower numbers and a suddenly rising level of rates needed to provide capacity into those obligations. And while the call with analysts may have been about RXO (NYSE: RXO), it is reasonable to assume it’s the same predicament that much of the 3PL sector finds itself in at present. The earnings call came soon after R ...