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Jared Weisfeld
Chief Strategy Officer, RXO
Jared Weisfeld is the Chief Strategy Officer at RXO, a company in the freight and transportation industry.12 He is based in Greenwich and has over 500 connections on LinkedIn.1
Career Background
Prior to joining RXO, Jared worked at Jefferies, where he had a successful tenure. He left Jefferies in September 2022, expressing gratitude for the "incredible and rewarding" experience he had with the company.3
Current Role
As the Chief Strategy Officer at RXO, Jared is involved in strategic initiatives related to the freight and transportation sector. He actively shares insights and updates about the industry on professional platforms.25
Personal Information
Jared is approximately 41 years old, born in January, and currently resides in Larchmont, New York.4
Professional Presence
Jared maintains an active professional presence on social media platforms. On LinkedIn, his username is jaredweisfeld, where he shares industry-related content and company updates.12 He also has a presence on Twitter (now X) under the same username, where he discusses topics related to RXO and the transportation industry.5
Highlights
Earlier this week, RXO, Inc. announced Q2 2024 results. We delivered adjusted EBITDA; brokerage volume growth, both full truckload and LTL; and Brokerage gross margin at the high end of our guidance ranges.
We’re continuing to execute well in this soft freight market. We’re entering the third quarter with continued momentum, sustained multi-year brokerage market share gains, a Managed Transportation pipeline of greater than $1.6 billion dollars, and tangible progress on improving Last Mile profitability.
We expect to deliver strong earnings growth when the market inflects and look forward to closing the acquisition of Coyote in the first half of the fourth quarter.
#RXO #transportation #logistics #brokerage
Today, RXO announced that it has entered into a definitive agreement to acquire Coyote Logistics for $1.025 billion from UPS. The transaction is expected to be immediately and significantly accretive to RXO’s adjusted diluted earnings per share and adjusted free cash flow. This highly accretive acquisition creates scaled transportation leader. At closing, RXO will be the third-largest provider of brokered transportation in North America.
With the addition of Coyote, we are adding significant scale to the business, which positions us well to capitalize on the growth opportunity ahead of us in the $400 billion for-hire truckload market.
#growgrowRXO #transportation #logistics #brokerage #truckbrokerage
