RXO's third quarter 2026 revenue jumped 32 percent amid brokerage volume and spot mix gains

RXO reported revenue of $1.9 billion for the quarter, reflecting a significant year-over-year increase while exceeding the high end of its profit outlook. The results were primarily supported by market share gains in the Brokerage segment and improved profitability per load.

Key Highlights

• Brokerage truckload spot mix reached 51% of volume, driving the highest sequential gross profit per load growth rate in over four years.
• Adjusted EBITDA increased to $51 million from $32 million in the prior year, with adjusted EBITDA margins expanding 40 basis points to 2.7%.
• Managed Transportation was awarded approximately $140 million in new freight under management, while Last Mile stops grew 5% year-over-year.