$RXO

Heartland Express (HTLD) reported the slowest revenue growth in its sector, with shares down 5.1% to $12.33. RXO (RXO) had the fastest revenue growth (25% YoY) and beat EPS estimates, but its stock fell 7.3% to $19.48. Werner (WERN) missed EPS estimates despite 24% revenue growth, with shares down 2.7% to $37.28. Old Dominion (ODFL) beat revenue and EPS estimates but saw a 20.4% drop to $180.07. Landstar (LSTR) reported 18.1% revenue growth and a 7% beat, with shares down 6.8% to $172.80.

Analysts updated ratings for Cintas (CTAS), RXO, Inc. (RXO), and Core & Main (CNM). CTAS received a Hold rating with a $200 price target, RXO a Buy with a $35 target, and CNM a Buy with a $60 target. Consensus ratings and targets vary for each company.

RXO (NYSE:RXO) stock rose 33% since Q2 earnings, trading at $2.08. Werner (NASDAQ:WERN) reported $933.9M revenue, up 24% YoY, with stock up 1.5% at $38.88. Ryder (NYSE:R) reported $3.35B revenue, up 5% YoY, with stock down 11.5% at $244.67. Schneider (NYSE:SNDR) reported $1.57B revenue, up 10.4% YoY, with stock down 1.2% at $33.74.

RXO (RXO) presented at the Jefferies Global Industrials Conference 2026, highlighting improved gross profit per load and adjusted EBITDA. The company reported Q2 adjusted EBITDA of $40 million, up from $6 million in Q1, and raised its Q3 guidance. RXO attributes its success to a higher spot mix, stronger pricing, and tighter carrier vetting, despite weak freight demand and regulatory changes.

RXO reported a 10% sequential increase in gross profit per load, with spot loads accounting for 50% of the mix and truckload volume rising year-on-year. The company attributes these gains to regulatory changes, tighter vetting, and technological advancements, according to its Jefferies Global Industrials Conference presentation.

RXO Inc. (RXO) shares fell despite Q3 profit beat, as management's cautious outlook on freight demand growth dampened investor enthusiasm. The company expects low-to-mid single-digit volume growth, with ongoing losses and weak free cash flow. RXO's market cap is $3.41B, and its stock is up 57.59% YTD.

RXO (NYSE:RXO) partnered exclusively with Enterprise Purchasing Group, becoming its official truckload and LTL provider. The deal grants access to RXO's carrier network and RXO Connect platform, potentially expanding its reach. RXO projects $8.0B revenue and $188.3M earnings by 2029, requiring 9.7% yearly revenue growth and a $293.3M earnings increase from current losses. Analysts' views vary on RXO's future performance.

Analysts George Tong (Goldman Sachs) maintained a Hold rating on Equifax (EFX) with a $199 target. EFX closed at $189.09, consensus target is $212.11. Lucas Servera (Truist Financial) reiterated a Buy on RXO, Inc. (RXO) with a $28 target. RXO closed at $20.00, consensus target is $25.57.

RXO has partnered with Enterprise Purchasing Group (epg) to provide full and less-than-truckload services, giving epg members access to RXO's network of 125,000 carriers and 1.7 million trucks. The deal aims to improve freight efficiency and reduce costs for businesses, particularly smaller ones, which often pay higher rates.

Enterprise Purchasing Group and RXO have formed a preferred partnership for freight transportation services. RXO will be the exclusive provider for Enterprise's members, offering competitive pricing and access to its carrier network. The deal includes integration with RXO's platform for shipment management.