Logistics and transportation company RXO (RXO) reported its third quarter financial results. The company's revenue came in at $1.04 billion, slightly below the estimated $1.06 billion. However, RXO's profit metrics were in line with expectations, with the company reporting $0.05 in adjusted earnings per share.

To discuss the key takeaways from RXO's quarterly performance, RXO CEO Drew Wilkerson joins Morning Brief

Wilkerson highlights three main points from the quarter. First, RXO "completed a transformative acquisition of Coyote Logistics," which is expected to double the company's truckload brokerage business. Wilkerson notes they are "well ahead of schedule on the integration."

Secondly, Wilkerson points out that RXO hit its EBITDA expectations for the quarter, despite operating in a challenging freight market environment.

Finally, Wilkerson notes that RXO's complementary service offerings performed "extremely well" during the quarter, signaling healthy progress across the business.

However, as markets enter the fourth quarter and holiday season, Wilkerson forecasts a "muted peak season."

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This post was written by Angel Smith