RXO comes in relatively strong in quarter full of weak freight earnings
Quarterly earnings at stand-alone brokerage RXO were healthy compared to the performance of most companies in the freight sector.
Truck drivers play an essential role in the world economy, but life isn’t easy for them. Drivers face a wide variety of issues and challenges that affect both them and the industry as a whole. For example, trucker issues contributed to the driver shortage, as qualified drivers leave the industry because of low pay and difficult working conditions. Other truck driver challenges include issues related to health and wellness. Truckers must deal with a lack of exercise, poor diet, extended periods without bathroom breaks, eye strain, cramped conditions, poor sleep — not to mention the mental toll of being away from home and family for days at a time. Though many drivers earn good wages, the physical and mental stress isn’t always worth it to them.
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Quarterly earnings at stand-alone brokerage RXO were healthy compared to the performance of most companies in the freight sector.
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The final panel at the TIA annual meeting echoed a theme of the whole meeting: Double brokering and fraud are surging.
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