Louis Amo on market size
From RXO CEO: We are confident in our ability to perform in any market cycle · · CNBC Television
“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.”
On , Louis Amo, President of Truck Brokerage at RXO INC, spoke about market size during RXO CEO: We are confident in our ability to perform in any market cycle on CNBC Television.
About Louis Amo
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.