breaking

RXO Posts Mixed Results as Spot Market Strength Offsets Profitability Decline

RXO reported uneven second-quarter 2026 results, with most financial metrics declining year-over-year but showing sequential improvement from Q1. The 3PL posted a net loss of 5 cents per share on a GAAP basis, matching Q2 2025 but substantially better than the 21 cent loss in Q1 2026. Adjusted EBITDA edged up to $40 million from $38 million annually, though transaction and integration costs weighed on results. A strengthening freight market provided tailwinds through volume gains. Truckload volume grew 2 percent year-over-year while spot mix surged to 42 percent from 33 percent sequentially—a 900 basis point improvement RXO called historic and the best in four years. Spot mix jumped 1,500 basis points annually. The company projects Q3 adjusted EBITDA of $35-$45 million with low-to-mid single digit volume growth.