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RXO RXO Inc

25.17
1.50 (6.34%)
04 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
RXO Inc NYSE:RXO NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  1.50 6.34% 25.17 25.249 23.53 23.69 1,046,343 01:00:00

RXO Earns 2024 Top Software and Tech Award

09/12/2024 1:30pm

Business Wire


RXO (NYSE:RXO)
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The Supply and Demand Chain Executive and Food Logistics award spotlights top software and technology solutions in the supply chain industry

RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, was named a winner of the 2024 Top Software & Tech award by Supply and Demand Chain Executive and Food Logistics.

The award highlights RXO’s visual AI technology for gate check-in. Introduced in late 2023, the new AI-powered check-in system was implemented to streamline data collection as trucks arrive at warehouses and distribution centers. The technology automates the process of recording trailer numbers for appointments and matches those numbers to trucks when they arrive on site. These tasks were previously handled manually, and the visual AI technology has decreased wait times at the gate by 30 percent while reducing errors.

“We’re thrilled to be recognized by our industry peers for the second year in a row for our cutting-edge technology,” said Drew Wilkerson, chief executive officer at RXO. “We saw a need at our cross-border facility in Laredo, Texas, to streamline the check-in process. After observing the challenge, we implemented the visual AI technology to use machine learning computer vision and text recognition to process the video feed at the gatehouse and extract data almost instantly. We’re committed to continuing to find ways to transform the transportation industry with our technology.”

Winners are categorized between small and enterprise businesses (<$50 million and >$49 million) as well as divided into subcategories: procurement/ERP software, robotics, supply chain visibility solutions, WMS / TMS and software and warehouse automation.

“Automation, sustainability, smart technology, supply chain optimization and risk management were the major themes of this year’s new software and technology solutions,” said Marina Mayer, editor-in-chief of Food Logistics and Supply & Demand Chain Executive. “These new products and enhancements are upping the ante in modernizing how product moves through the chain, and I appreciate everything this year’s winners do to ensure the safety, security and sustainability of our supply chains.”

For more information on RXO, visit www.rxo.com.

About RXO

RXO (NYSE: RXO) is a leading provider of asset-light transportation solutions. RXO offers tech-enabled truck brokerage services together with complementary solutions including managed transportation and last mile delivery. The company combines massive capacity and cutting-edge technology to move freight efficiently through supply chains across North America. The company is headquartered in Charlotte, N.C. Visit RXO.com for more information and connect with RXO on Facebook, X, LinkedIn, Instagram and YouTube.

Media Nina Reinhardt nina.reinhardt@rxo.com

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