RXO, Inc. (RXO)

NYSE · Common Stock · Transportation Services

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

38 entities across 15 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-09 — see the exhibit.

Which other public companies file entities in the same places:

Delaware15 Mexico4 United Kingdom3 Iowa2 Canada2 Netherlands2 Hong Kong2 North Carolina1 Georgia1 Singapore1 Germany1 China1

Subsidiaries of RXO, Inc. as disclosed in its SEC filing
Entity	Jurisdiction	Note
RXO, Inc.	Delaware
Community House Insurance Company	North Carolina
RXO Corporate Solutions, LLC	Delaware
RXO Managed Transport, LLC	Delaware
Jacobson Transportation Company, Inc.	Iowa
Jacobson Logistics Company, L.C.	Iowa
RXO Managed Transport Mexico S. de R.L. de C.V.	Mexico
RXO Last Mile Holding, Inc.	Delaware
RXO Last Mile, Inc.	Georgia
RXO Courier, LLC	Delaware
RXO Last Mile Canada Inc.	Canada
RXO Capacity Solutions, LLC	Delaware
RXO NLM, LLC	Delaware
Bounce Logistics, LLC	Delaware
RXO Express, LLC	Delaware
RXO Air Transport, LLC	Delaware
RXO Dedicated, LLC	Delaware
RXO Freight Forwarding, Inc.	Delaware
RXO Customs Clearance Solutions, LLC	Delaware
RXO Customs Canada, Inc.	Canada
RXO Freight Forwarding Mexico S. de R.L. de C.V.	Mexico
Pacer Holdings Coōperateif U.A.	Netherlands
RXO Freight Forwarding (HK) Limited	Hong Kong
RXO Freight Forwarding Sin Pte. Ltd.	Singapore
XPO Ocean World Lines Europe GmbH	Germany
RXO Hong Kong Freight Forwarding Limited	Hong Kong
RXO China Freight Forwarding Limited	China
RXO Capacity Solutions Mexico S. de R.L. de C.V.	Mexico
Logistics Financing UK Limited	United Kingdom
Logistics Financing UK II Limited	United Kingdom
XPO Global Forwarding Chile SA	Chile
RXO Global Services India Private Limited	India
Coyote Logistics Midco, Inc.	Delaware
Coyote Logistics, LLC	Delaware
Access America Transport, LLC	Tennessee
Coyote Logistics de Mexico, S.A. de C.V. (MX)	Mexico
Coyote Logistics UK Limited	United Kingdom
Coyote Logistics Nederland B.V.	Netherlands

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 7

FAILReturn on assets positiveROA -3.1%
PASSOperating cash flow positiveOCF 51M
PASSReturn on assets improving-8.5% → -3.1%
PASSCash flow exceeds earningsOCF 51M vs NI -100M
FAILLong-term debt ratio fallingno debt reported
PASSCurrent ratio improving1.26 → 1.27
FAILNo share dilution133M → 168M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving1.33× → 1.75×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$3.4B	$43.0M	−$22.0M	—	115,163,000
FY2021	$4.7B	$150.0M	$116.0M	—	115,163,000
FY2022	$4.8B	$92.0M	$253.0M	—	115,791,000
FY2023	$3.9B	$4.0M	$25.0M	—	119,456,000
FY2024	$4.5B	−$290.0M	−$57.0M	—	133,412,000
FY2025	$5.7B	−$100.0M	−$8.0M	—	168,462,000

Ownership flow

10 institutions tracked — 7 added, 3 reduced.

Institutional holders of RXO, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	25,135,757	+969,878	$693.5M
MORGAN STANLEY	Active fund	1,706,328	+457,314	$47.1M
GEODE CAPITAL MANAGEMENT, LLC	Index	4,269,292	+282,209	$117.8M
CITADEL ADVISORS LLC	Hedge fund	987,276	+208,379	$27.2M
JPMORGAN CHASE & CO	Active fund	311,787	+165,462	$8.7M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	514,660	−119,550	$14.0M
BANK OF AMERICA CORP /DE/	Active fund	605,605	−118,455	$16.7M
STATE STREET CORP	Index	6,658,205	+89,865	$183.7M
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	231,159	+37,573	$6.4M
FMR LLC	Active fund	66,430	−24,830	$1.8M

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Identity

CIK: 0001929561
LEI: 549300KL8CA6GP8XPM30
FIGI: BBG0160DYCH4
SIC: 4700 · Transportation Services
Incorporated: DE
Headquarters: CHARLOTTE, NC

Ownership

Institutional: 110.9%
Institutions: 400
Insiders: 0.8%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other transportation services companies

RXO, Inc. files under SIC 4700 — all 7 transportation services companies compared on assets and F-score.

GATX CORPGATX GXO Logistics, Inc.GXO XPO, Inc.XPO Global Business Travel Group, Inc.GBTG VERRA MOBILITY CorpVRRM LINDBLAD EXPEDITIONS HOLDINGS, INC.LIND

Questions about RXO, Inc.

How many subsidiaries does RXO, Inc. file with the SEC?: 38, listed in its most recent exhibit 21. They are incorporated across 15 jurisdictions, led by Delaware, North Carolina, Iowa. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is RXO, Inc. financially healthy?: RXO, Inc. scores 5 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of RXO, Inc.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), STATE STREET CORP (adding), GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

38 entities across 15 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-09 — see the exhibit.

Entity

Jurisdiction

Note

RXO, Inc.

Delaware

Community House Insurance Company

North Carolina

RXO Corporate Solutions, LLC

Delaware

RXO Managed Transport, LLC

Delaware

Jacobson Transportation Company, Inc.

Iowa

Jacobson Logistics Company, L.C.

Iowa

RXO Managed Transport Mexico S. de R.L. de C.V.

Mexico

RXO Last Mile Holding, Inc.

Delaware

RXO Last Mile, Inc.

Georgia

RXO Courier, LLC

Delaware

RXO Last Mile Canada Inc.

Canada

RXO Capacity Solutions, LLC

Delaware

RXO NLM, LLC

Delaware

Bounce Logistics, LLC

Delaware

RXO Express, LLC

Delaware

RXO Air Transport, LLC

Delaware

RXO Dedicated, LLC

Delaware

RXO Freight Forwarding, Inc.

Delaware

RXO Customs Clearance Solutions, LLC

Delaware

RXO Customs Canada, Inc.

Canada

RXO Freight Forwarding Mexico S. de R.L. de C.V.

Mexico

Pacer Holdings Coōperateif U.A.

Netherlands

RXO Freight Forwarding (HK) Limited

Hong Kong

RXO Freight Forwarding Sin Pte. Ltd.

Singapore

XPO Ocean World Lines Europe GmbH

Germany

RXO Hong Kong Freight Forwarding Limited

Hong Kong

RXO China Freight Forwarding Limited

China

RXO Capacity Solutions Mexico S. de R.L. de C.V.

Mexico

Logistics Financing UK Limited

United Kingdom

Logistics Financing UK II Limited

United Kingdom

XPO Global Forwarding Chile SA

Chile

RXO Global Services India Private Limited

India

Coyote Logistics Midco, Inc.

Delaware

Coyote Logistics, LLC

Delaware

Access America Transport, LLC

Tennessee

Coyote Logistics de Mexico, S.A. de C.V. (MX)

Mexico

Coyote Logistics UK Limited

United Kingdom

Coyote Logistics Nederland B.V.

Netherlands

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 7

FAILReturn on assets positiveROA -3.1%
PASSOperating cash flow positiveOCF 51M
PASSReturn on assets improving-8.5% → -3.1%
PASSCash flow exceeds earningsOCF 51M vs NI -100M
FAILLong-term debt ratio fallingno debt reported
PASSCurrent ratio improving1.26 → 1.27
FAILNo share dilution133M → 168M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving1.33× → 1.75×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2020

$3.4B

$43.0M

−$22.0M

—

115,163,000

FY2021

$4.7B

$150.0M

$116.0M

—

115,163,000

FY2022

$4.8B

$92.0M

$253.0M

—

115,791,000

FY2023

$3.9B

$4.0M

$25.0M

—

119,456,000

FY2024

$4.5B

−$290.0M

−$57.0M

—

133,412,000

FY2025

$5.7B

−$100.0M

−$8.0M

—

168,462,000

Ownership flow

10 institutions tracked — 7 added, 3 reduced.

Institutional holders of RXO, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	25,135,757	+969,878	$693.5M
MORGAN STANLEY	Active fund	1,706,328	+457,314	$47.1M
GEODE CAPITAL MANAGEMENT, LLC	Index	4,269,292	+282,209	$117.8M
CITADEL ADVISORS LLC	Hedge fund	987,276	+208,379	$27.2M
JPMORGAN CHASE & CO	Active fund	311,787	+165,462	$8.7M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	514,660	−119,550	$14.0M
BANK OF AMERICA CORP /DE/	Active fund	605,605	−118,455	$16.7M
STATE STREET CORP	Index	6,658,205	+89,865	$183.7M
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	231,159	+37,573	$6.4M
FMR LLC	Active fund	66,430	−24,830	$1.8M

Questions about RXO, Inc.

How many subsidiaries does RXO, Inc. file with the SEC?

38, listed in its most recent exhibit 21. They are incorporated across 15 jurisdictions, led by Delaware, North Carolina, Iowa. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is RXO, Inc. financially healthy?

RXO, Inc. scores 5 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of RXO, Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), STATE STREET CORP (adding), GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.