RXO Projects Q2 Turnaround, Tariff Refunds Flow, & Non-Domiciled CDL Challenge Denied | The Morning Minute
In this episode, we kick things off by examining a major freight broker navigating a brutally tough first quarter but projecting a significant turnaround ahead. RXO released its earnings Thursday morning, reporting a first-quarter adjusted EBITDA of just six million dollars, down sharply from twenty-two million dollars a year earlier. Despite compressed margins, the company aggressively shifted its strategy by increasing its spot mix to thirty-three percent of volume, helping produce what RXO described as the largest sequential increase in gross profit per load in more than three years…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.