Demand TrendsManagement expects weak demand trends to persist across the network in 4Q.
Gross Margin PressureChallenges in the near-term environment have pressured gross margins and are expected to continue affecting RXO's performance, with sluggish freight trends persisting.
Performance ExpectationsRecent results showed that RXO's third-quarter performance missed expectations, and the fourth-quarter guidance was significantly below estimates, which negatively impacted the stock price.