RXO, Inc. (RXO) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

welcome to the rxo first quarter 2026 earnings conference call and webcast my name is ellie and i will be your operator for today's call please note that this call is being recorded during this call the company will make certain forward-looking statements within the meaning of federal securities laws which by their nature involve a number of risks uncertainties and other factors that could cause actual results to differ materially from those in the forward-looking statements. A discussion of factors that could cause actual results to differ materially is contained in the company's SEC filings as well as in its earnings release. You should refer to a copy of the company's earnings release in the Investors Relations section on the company's website for additional important information regarding forward-looking statements and disclosures and reconciliations of non-GAAP financial measures that the company uses when discussing its results. I will now turn the call over to Drew Wilkerson. Mr. Wilkerson, you may now begin. Good morning, everyone. Thank you for joining today. With me here in Charlotte are RSO's Chief Financial Officer, Jamie Harris, and Chief Strategy Officer, Jared Weitzfeld. There are four main points I want to convey this morning. First, we're seeing clear signs of improvement in the freight market, primarily driven by supply-side tightening despite overall soft demand, typical seasonality, and severe weather in the first quarter. Second, we have significant momentum within the business. Our broker's full truckload volume improved every month as the first quarter progressed. Additionally, Our spot mix increased by 500 basis points sequentially in the first quarter, resulting in a strong gross profit per load improvement. Spot mix also increased in April. ...