ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

RXO Leader Named SupplyTech Breakthrough Company CEO of the Year

By: via Business Wire

RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, announced Drew Wilkerson, chief executive officer, was named Company CEO of the Year by SupplyTech Breakthrough, a leading independent market intelligence organization that recognizes standout technology companies in the supply chain and logistics industry.

“Drew’s leadership is instrumental in driving RXO’s innovation and success,” said Yoav Amiel, chief information officer at RXO. “His people-first mindset, agile approach and investment in technology has allowed us to grow quickly and create unique solutions for our customers, carriers and operators. We are thrilled Drew is being recognized for his leadership at RXO and within the industry as a whole.”

Under Wilkerson’s leadership, RXO has more than doubled its pro forma adjusted EBITDA1, grown the truck brokerage business three times faster than the industry2 and achieved a 42% return on invested capital3.

Wilkerson has championed the use of artificial intelligence (AI) and machine learning (ML) to provide cutting-edge technology that streamlines supply chains for customers and carriers. AI and ML are built into RXO’s proprietary brokerage platform, RXO Connect™, which connects more than 10,000 customers and 100,000 carriers. In the first quarter of 2023, more than 96 percent of RXO’s brokerage loads were created or covered digitally, a testament to the technology-driven mindset of Wilkerson and his leadership team.

In 2023, Wilkerson was also named to Charlotte Business Journal’s 40 Under 40 list as well as Business North Carolina’s Power List.

For more information on RXO and Wilkerson, please visit http://rxo.com.

About RXO

RXO (NYSE: RXO) is a leading provider of asset-light transportation solutions. RXO offers tech-enabled truck brokerage services together with complementary solutions including managed transportation, freight forwarding and last mile delivery. The company combines massive capacity and cutting-edge technology to move freight efficiently through supply chains. RXO’s proprietary technology connects approximately 10,000 customers with over 100,000 independent carriers across North America. The company is headquartered in Charlotte, N.C. Visit RXO.com for more information and connect with RXO on Facebook, Twitter, LinkedIn, Instagram and YouTube.

1 Pro forma adjusted EBITDA growth from 2019 to the LTM period ended June 30, 2022

2 Truck brokerage growth rate from 2013-2021

3 ROIC for 12 months ended December 31, 2022

 

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.