RXO, Inc. (RXO) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the RxO Q2 2025 earnings conference call and webcast. My name is Ludie and I will be your operator for today's call. Please note that this conference 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 be permaterialized from those in the forward-looking statements. A discussion of factors that could cause actual results to be permaterialized 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 investor relations section on the company's website for additional important information regarding forward-looking statements and disclosures and reconciliations of NANDGAP financial measures that the company uses when discussing its results. I will now turn to go over to Drew Wilkerson. Mr. Wilkerson, you may begin. Good morning, everyone. Thank you for joining today. I'm here in Charlotte with RxO's Chief Financial Officer, Jamie Harris, and Chief Strategy Officer, Jared Weisfeld. There are five main points I want to convey this morning. First, we again delivered on our commitments in the quarter and achieved adjusted EBITDA of $38 million at the high end of the guidance range we provided to you last quarter. Second, our brokerage business outperformed the market and grew volume by 1% year over year, driven by 45% growth and less than truckload volume. Importantly, truckload gross profit per load improved by 7% sequentially despite tighter market conditions. Third, we're beginning to realize the benefits of having our team on a combined tech platform. We're purchasing tr...