President of Truck Brokerage, Rxo
Search every verified Louis Amo interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Louis Amo, President of Truck Brokerage at RXO, was referenced in a September 2024 interview with RXO CEO Drew Wilkerson on CNBC's "Squawk on the Street." Wilkerson discussed the freight cycle, stating the company is in a "soft part" and expressed confidence in RXO's ability to perform in any market cycle. He noted that the for-hire truckload market is over $400 billion, and while RXO grew three times faster than the truck brokerage market from 2013 to 2021, it holds only 4% of the overall market, indicating room for growth. Wilkerson also addressed customer inventory levels heading into peak season, describing mixed signals from customers about whether it will be a strong or muted peak season, with consumer demand as the biggest unknown. He mentioned that RXO, as the largest manager of ground expedite shipments, is affected by automotive plant activity. On technology, Wilkerson said AI is not new to RXO, having invested in it for over a decade to improve productivity and help customers with logistics decisions. He predicted driverless trucks would first appear on shorter hauls due to better road familiarity.
“This is an enormous market. This is over a $400 billion for-hire truckload market. And while from 2013 to 2021, we grew three times faster than the truck brokerage market, we only have 4% of the overall truck brokerage market. So we have a lot of room for growth over the next several years.”
“Our customers are telling us that their inventory levels are in a good position heading into peak season. But we're hearing different things from different customers. Some customers are telling us that they're going to have a peak season, some customers are telling us it's going to be a muted peak season. The biggest u...”
“We're the largest manager of ground expedite shipments, and ground expedite shipments are built largely off of automotive customers. Anytime the plants are going up or down, it can have an impact on the business one way or another.”
“AI is nothing new to us. We've been investing in AI for over a decade. It's how we built the system. It allows us to increase our employees' productivity. On the customer side, our systems will tell them what day of the week they should ship something. We've helped some of our customers decide where they're going to pl...”
RXO CEO Drew Wilkerson joins 'Squawk on the Street' to discuss where the economy is in the freight cycle, how much room there ...
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