RXO Provides Positive Brokerage Update, Highlighting Strong Truckload Gross Profit Per Load

• Truckload gross profit per load increased by more than 10 percent in August when compared to July, better than the prior outlook
• Company continues to expect third-quarter truckload volume to increase by a low-to-mid single digit percentage year-over-year

CHARLOTTE, N.C. – September 9, 2026 – RXO (NYSE: RXO), a leading provider of asset-light transportation solutions,

The company continues to capture spot opportunities, and spot represented approximately 50% of RXO’s full-truckload volume through the first two months of the quarter. In addition, the company continues to phase in higher contract rates while leveraging its scale to purchase transportation effectively. As a result, RXO’s truckload gross profit per load increased by more than 10 percent in August when compared to July, which was better than the outlook provided on the company’s second-quarter earnings conference call.

RXO continues to expect third-quarter truckload volume to increase by a low-to-mid single digit percentage year-over-year, despite ongoing softness in freight demand.

“RXO is on pace for a strong third quarter,” said Drew Wilkerson, RXO’s chairman and chief executive officer. “This performance speaks to the power of our brokerage platform, the strength of our customer relationships and our team’s ability to execute in a dynamic freight market.”

The company made the announcement ahead of an investor conference at which Wilkerson and Chief Strategy Officer Jared Weisfeld are speaking.

Results for the quarter have not been completed, are subject to quarter-end closing procedures, and may differ materially from final reported results.

About RXO

RXO (NYSE: RXO) is a leading provider of asset-light transportation solutions. RXO offers tech-enabled truck brokerage services together with complementary solutions including managed transportation and last mile delivery. The company combines massive capacity and cutting-edge technology to move freight efficiently through supply chains across North America. The company is headquartered in Charlotte, N.C. Visit RXO.com for more information and connect with RXO on LinkedIn,  Facebook, Instagram, X and YouTube.