Topic
rxo
Logistics RXO says strict carrier vetting and $15M-$20M insurance spend position it for post-Montgomery risk
RXO, in its first earnings call since the Montgomery vs. Caribe II decision, emphasized its strict carrier vetting and $15 million to $20 million annual insurance spend as protections against rising litigation risk. CFO Jamie Harris predicted underinsured brokers will face the largest premium increases, while RXO's AI-powered FMCSA verification system bolsters its safety record.
Logistics RXO Q2 results: truckload spot mix jumps to 42%, profit per load hits historic high
RXO's second-quarter earnings revealed a strengthening truckload spot market, with spot mix jumping to 42% and a historic sequential increase in profit per load. Adjusted EBITDA rose to $40 million, though margins narrowed from a year earlier. Q3 guidance was mostly flat, and CEO Drew Wilkerson flagged ongoing carrier-vetting scrutiny following the Supreme Court's Montgomery decision.