RXO is boasting that its projected efficiency savings from the Coyote Logistics acquisition will surpass earlier estimates.

The firm said the company’s outlook suggests weaker-than-expected near-term profits from the combined RXO-Coyote, and the firm’s forecast falls below its prior pro-forma merger model. Published first ...

Citi downgraded RXO Inc. (RXO) to Neutral from Buy with an unchanged price target of $33. While the September acquisition of Coyote has given RXO even larger scale and capabilities in freight ...

RXO posted an increase in third-quarter revenue despite a persistently soft market environment by focusing on its customer relationships, the company reported Nov. 7.

Coyote acquisition completed September 16; integration well underway and progressing smoothly. Raising annualized cost synergy estimate to at least $40 million. RXO (NYSE: RXO) today announced its ...

Closing the Coyote acquisition in the third quarter makes RXO the third-largest freight broker in North America. Our larger scale enables us to provide customers with more capacity and carriers ...

See Reconciliation of Net Income (Loss) to Adjusted EBITDA.

Adjusted Free Cash Flow: $27 million for legacy RXO, representing an 87% conversion from adjusted EBITDA. Cash on Balance Sheet: $55 million at quarter end. Leverage: 1.6x trailing 12-month pro forma ...

However, RXO reported a GAAP net loss of $243 million, largely due to transaction, integration, and restructuring costs related to the Coyote acquisition. On an adjusted basis, the company ...