RXO Inc at Wells Fargo Industrials Conference Transcript
Hello, everyone. Welcome back. Good afternoon. My name is Allison Poliniak. I am the senior analyst here at Wells Fargo, following Industrial Technology and Transportation. Delighted to have RXO for the first time at the conference this year, Drew Wilkerson, the company's CEO; and Kevin Sterling in the Finance Department. Drew, since it's sort of the first time out and maybe people aren't familiar with RXO, maybe just talk a little bit about what you guys do.
Yes. So RXO spun off from XPO Logistics in November of last year. We're a leading asset-light transportation company. We're made up of 4 lines of business. Our crown jewel of the business is our brokerage business. And when you look at the brokerage business, it's a great business to be in. So from 2013 through 2021, you saw the brokerage industry grow at a 9% CAGR. During that same time period, our brokerage grew at a 27%
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