Reported 17 days ago
RXO forecasts greater savings from its recent acquisition of Coyote Logistics, raising its cost synergies projection from $25 million to $40 million. Despite a disappointing performance in its latest earnings report, management is optimistic about the integration of Coyote, highlighting improvements in productivity and cross-selling opportunities. CEO Drew Wilkerson emphasized that initial integration is ahead of schedule, setting the stage for further efficiency gains in the coming year.
Source: YAHOO