Greenwich, Connecticut — XPO Logistics finalized its corporate spinoff, establishing RXO Incorporated as an independent, publicly traded truckload broker. Brad Jacobs leads the new entity as nonexecutive chairman alongside his chairman duties at XPO, positioning both enterprises to operate independently across the North American freight market. Drew Wilkerson took the helm as chief executive officer of RXO, steering the standalone tech-enabled operation into its next phase of market competition.
The separation reorganizes a massive player in the third-party logistics sector, giving independent carriers and owner-operators a distinct brokerage option backed by substantial financial weight. RXO steps out as the fourth-largest truckload broker in the United States, commanding a vast digital freight network that connects motor carriers directly with commercial shippers. The brokerage maintains access to a network of nearly 100,000 independent carriers operating over 1.5 million trucks nationwide.
Financial metrics from the previous operational year demonstrate the scale of the newly separated business, with standalone truckload brokerage bringing in $2.7 billion in revenue. Total annual revenue clears the $5 billion mark when factoring in managed transportation services, freight forwarding, and last-mile delivery operations. Digital adoption drives a significant share of that volume, highlighted by the RXO Drive mobile application surpassing 850,000 total downloads. During the third quarter leading up to the launch, the platform onboarded 10,000 new carriers, pushing digital transactions to account for 81 percent of total brokerage loads.
What This Means for Drivers
CDL-A drivers and independent owner-operators navigating the spot market will see immediate changes in load availability and booking tools as RXO scales its standalone tech infrastructure. The heavy reliance on digital booking through the RXO Drive app means OTR truck drivers can secure loads without traditional phone negotiations, speeding up turnaround times at the dock. Fleets working with trucking companies hiring through this network gain access to consistent freight streams backed by a tech platform designed to maintain high load volumes regardless of broader economic downturns.
Industry Reaction
Market analysts view the creation of RXO as a strategic move to unlock shareholder value while giving shippers and motor carriers a dedicated brokerage partner free from the operational drag of parcel and less-than-truckload divisions. By separating the asset-light brokerage model from heavy logistics operations, leadership has positioned the pure-play company to invest aggressively in proprietary digital freight-matching technologies. This structural split mirrors a broader industry trend toward specialized, software-driven logistics operations designed to maximize efficiency for independent motor carriers.
Key Points
- RXO Incorporated completed its corporate spinoff from XPO Logistics on November 1.
- Brad Jacobs serves as nonexecutive chairman of RXO while Drew Wilkerson operates as chief executive officer.
- The company ranks as the fourth-largest truckload broker in the United States, pulling in over $5 billion in total annual revenue.
- The RXO Drive mobile app surpassed 850,000 downloads, handling 81 percent of brokerage loads digitally.
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