FreightCasts
RXO Posts Strong Q3, Amazon Shipping Costs Jump 11%, & Covenant Revenue Surges 68% | The Morning Minute
3:32
In this episode, we kick things off by examining the freight brokerage sector's remarkable turnaround as RXO delivers adjusted EBITDA of $51 million in Q3, crushing its own forecast and marking the second consecutive quarter of profitability after years of spotty net income performance. The Charlotte-based broker's truckload segment shifted heavily toward the spot market, which accounted for 59%…