RXO, Inc. (RXO) Presents at Morgan Stanley's 14th Annual Laguna Conference Transcript

RXO, Inc. ( RXO ) Morgan Stanley's 14th Annual Laguna Conference September 16, 2026 7:05 PM EDT Company Participants Jared Weisfeld - Chief Strategy Officer Kevin Sterling - Senior Market Strategist Conference Call Participants Ravi Shanker - Morgan Stanley, Research Division Presentation Ravi Shanker Morgan Stanley, Research Division Great. So even on Day 2, we are saving the best for last. And again, very happy to welcome back to Laguna, RXO, with Chief Strategy Officer, Jared Weisfeld; and Senior Market Strategist, Kevin Sterling. Gentlemen, thank you so much for being here. Jared Weisfeld Chief Strategy Officer For having us. Appreciate it, Ravi. Thank you, Ravi. Question-and-Answer Session Ravi Shanker Morgan Stanley, Research Division So [ with ] on going on in the world today, obviously, a lot of it has been covered at the conference. So I would love your views on this. Maybe you can just open up with kind of what you're seeing out there, kind of lay of the land and kind of maybe give us a little bit of a market update? Jared Weisfeld Chief Strategy Officer For sure. And I know there were some headlines at your conference. Ravi Shanker Morgan Stanley, Research Division I don't know what you're talking about. Jared Weisfeld Chief Strategy Officer Happy to report that we put out a pretty positive release last week in terms of what we're seeing in the business, so let's expand on that because the momentum in the business that we're seeing right now is quite impressive. So when you think about [ the update ] that we put out last week, we talked about our expectation that we're going to continue to grow our truckload volume in Q3 on a year-on-year basis, up low to mid-single digits despite overall freight market weakness. And I think that's a testament to our share gains, which are continuing, and you're having