- RXO (RXO, Financial) reports a 26% year-over-year increase in less-than-truckload brokerage volume for Q1 2025.
- The company anticipates cash synergies to exceed $70 million following the integration of Coyote operations into RXO Connect®.
- First-quarter revenue reached $1.4 billion, compared to $913 million in the previous year, but GAAP net loss increased to $31 million.
RXO (RXO) announced its first-quarter financial results, highlighting substantial year-over-year growth in less-than-truckload brokerage volume, which rose by 26%. The company successfully migrated Coyote coverage operations to its RXO Connect® platform, which is expected to drive over $70 million in cash synergies.
RXO reported first-quarter revenue of $1.4 billion, up from $913 million in the same period last year. Despite the revenue increase, the company experienced a GAAP net loss of $31 million, compared to a $15 million net loss in Q1 2024. This loss included $20 million in transaction, integration, and restructuring costs.
The company achieved a 24% year-over-year stop growth in its Last Mile division, marking an acceleration from the previous quarter. However, the overall brokerage volume saw a slight decline of 1% due to an 8% drop in full truckload volume.
Looking ahead, RXO expects its adjusted EBITDA for the second quarter of 2025 to be between $30 million and $40 million. The company anticipates that its brokerage gross margin will range between 13% and 15% in the same period.
