RXO Q2 2024 Earnings Report
Key Takeaways
RXO reported Q2 2024 revenue of $930 million, a net loss of $7 million, and adjusted EBITDA of $28 million. Brokerage volume increased by 4%, and Last Mile stops grew by 7%. Managed Transportation was awarded more than $200 million in freight under management.
Brokerage volume increased by 4% year-over-year.
Last Mile stops grew 7% year-over-year, the fastest rate in nearly two years.
Managed Transportation was awarded more than $200 million in freight under management.
Companywide gross margin was 19.0%.
RXO
RXO
RXO Revenue by Segment
Forward Guidance
RXO expects third-quarter 2024 companywide adjusted EBITDA to be between $28 million and $34 million. The company expects third-quarter 2024 Brokerage gross margin to be between 13% and 15%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income