We're proud to announce our Top Supply Chain Project from Supply & Demand Chain Executive. RXO won the award for a pool-point solution developed for a retail customer. As a result, the customer reduced delivery times by 30 minutes per stop, improved its on-time delivery rate to 99.8% and saved approximately $1.3 million in labor costs.
RXO was recently honored at the Second Harvest Partner Appreciation Awards for our continued food drive partnership. Our Charlotte team has raised and donated over $45,000 to Second Harvest Food Bank over the last several years. Way to go RXOers!👏
RXO has entered into a definitive agreement to acquire Coyote Logistics, an asset-light freight brokerage business, for $1.025 billion from UPS Supply Chain Solutions. The acquisition creates the third-largest provider of brokered transportation in North America and is expected to close by the end of 2024.
RXO's Drew Wilkerson has been named to the Charlotte Business Journal's Most Admired CEO list for 2024! 🎉 This recognition is a testament to Drew's exceptional leadership, strategic vision, and commitment to innovation, which have been instrumental in driving RXO's success, even in a challenging market.
We're thrilled to announce that RXO has won the Top Digital Freight Brokerage Software of the Year award from SupplyTech Breakthrough! RXO Connect™, our proprietary platform, transforms the shipping process by finding smart solutions to move freight and provides a seamless experience for both shippers and carriers. We're proud to be recognized for our innovative approach to the transportation industry.
RXO has released its 1Q 2024 results today, including double-digit brokerage volume growth for the fourth-consecutive quarter.
