The latest announcement is out from RXO, Inc. ( (RXO) ).
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RXO has reported strong third-quarter 2024 results, showcasing a solid performance despite a challenging freight market. The company’s acquisition of Coyote Logistics is on track, with anticipated cost synergies of $40 million. RXO’s revenue rose to $1.04 billion, driven by strategic investments and a focus on execution. The company’s managed transportation sector secured significant new business, underscoring its robust sales pipeline and growth in complementary services.
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