RXO on May 3 reported revenue exceeding $1 billion for its first full quarter as an independent company. The Charlotte, N.C.-based asset-light transportation provider posted no net income for the three months ending March 31. That compared with $39 million, or 34 cents a diluted share, during the year-ago period when the company was operating within XPO. Total revenue decreased by 23% to $1.01 billion from $1.31 billion.

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