RXONYSE: RXO

Shares of RXO Inc. NYSE: RXO are up more than 20% on the week, something investors probably didn't see coming out of the ‘boring' transportation sector. This sector is notorious for having a low beta, English for low volatility.

RXO (RXO) shares soared in intraday trading Monday, a day after the package delivery firm purchased Coyote Logistics, the third-party asset-light freight brokerage unit of United Parcel Service (UPS), for $1.025 billion in cash.

RXO has a deal in place to buy Coyote Logistics from UPS for $1.025 billion, a discount to the $1.8 billion UPS paid for the asset back in 2015. The deal would create the nation's third-largest freight brokerage, with opportunities for further consolidation from here.

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO) has entered into a definitive agreement to acquire Coyote Logistics, an asset-light freight brokerage business, for $1.025 billion from UPS. This acquisition will enhance RXO's market position, diversify and expand its customer base, and broaden its carrier network. At closing, RXO will be the third-largest provider of brokered transportation in North America. “RXO's highly accretive acquisition of Coyote will immediately increase the scale of o.

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--Drew Wilkerson, chief executive officer of RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, has been named to the Charlotte Business Journal's prestigious Most Admired CEO list for 2024. This recognition highlights Wilkerson's exceptional leadership, strategic vision and commitment to innovation, which has been instrumental in driving RXO's success, even in one of the most challenging freight markets to date. The Most Admired CEO Awa.

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #nyse--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, announced the appointment of Troy Cooper to its Board of Directors. Brad Jacobs, non-executive chairman of RXO said, "Troy's deep understanding of the truck brokerage industry, coupled with his impressive operational and financial expertise, will be tremendous assets to both the RXO board and the company." Cooper is a transportation industry veteran with more than 11 years of experienc.

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, won the Top Digital Freight Brokerage Software of the Year award from SupplyTech Breakthrough, a leading independent market intelligence organization. The recognition underscores RXO's commitment to innovation and excellence in the industry through cutting-edge technology and providing customers with unique solutions. “It is an honor to be recognized as industry leaders in technology,.

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, was honored by the Merit Awards today for HR Technology Implementation for the rollout of a new vendor management system. The award highlights the company's commitment to excellence, process automation and risk mitigation. “We are incredibly proud of the hard work the HR and technology teams have put into building and implementing a technology platform to create meaningful efficiencies.

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #nyse--RXO (NYSE: RXO) today announced that Jared Weisfeld, chief strategy officer, will participate in the Wells Fargo Industrials Conference in Chicago, Illinois, on Tuesday, June 11, from 9:45 a.m. until 10:20 a.m. EDT. A live webcast and replay of the presentation will be available at http://investors.rxo.com. About RXO  RXO (NYSE: RXO) is a leading provider of asset-light transportation solutions. RXO offers tech-enabled truck brokerage services together with com.