Comment / M&A-hungry RXO – smart work in progress, unmatched ambition

ID 71902972 © Michal Bednarek | Dreamstime.com

Give it time, and $4.6bn-market-cap RXO “could well be the new CH Robinson” – by comparison, however, it’s only “a pure-play land broker without forwarding exposure as we know it at CHRW”.

As brave as that view may seem, it’s the thinking of one RXO bull in our marketplace, who was unfazed by the current backdrop and limited freight visibility into 2025 and… reported quarterly losses that came with the group’s Q3 24 numbers disclosed yesterday.

In fact, the GAAP EPS hit ...