Freight RecessionRXO noted that we remain in a freight recession despite how well the overall macro economy has performed with expectations of a more muted peak season.
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.
Operating LeverageSignificant negative operating leverage has been faced on the way down, but strong incremental margins are expected on the way back up.