RXO Sees 70% Q4 Revenue Growth, Boosted by Coyote Deal
Company Reports $20 Million Loss, Cites Restructuring Expenses
For the full year, RXO reported a net loss of $285 million, negative $2.14, on revenue of $4.55 billion. (RXO)
[Stay on top of transportation news: Get TTNews in your inbox.]
RXO saw its revenue jump more than 70% to $1.67 billion during the fourth quarter of 2024, the company reported Feb. 5.
But the Charlotte, N.C.-based asset-light transportation provider posted a net loss of $20 million, or negative 12 cents a diluted share, for the three months ending Dec. 31. That compared wit…
CONTINUE READING THE ARTICLE FROM Transport Topics HERE
Comments are closed, but trackbacks and pingbacks are open.