RXO Announces Fourth-Quarter Results

Core Viewpoint - RXO reported a challenging fourth quarter due to tightening in the freight market, which was driven by reductions in truckload capacity impacting buy rates and Brokerage gross margin [1] Financial Performance - The company experienced a significant impact on its Brokerage gross margin due to the tightening freight market [1] - Despite soft demand, RXO noted a strong sales momentum with a late-stage pipeline for new business growing by over 50% year-over-year [1]