Amazon Fears Subside, But Logistics Stocks Shake Again with Wall Street's Comment

RXO Inc. (NYSE: RXO) shares closed at $21.75 on the New York Stock Exchange on the 8th, down 5.88% from the previous session. The company saw its market capitalization decline by about $199 million (roughly KRW 280 billion) in a single day, with trading volume at approximately 1.53 million shares. Its current market capitalization stands near $3.58 billion (around KRW 5 trillion).

In its Q1 report released the previous day, RXO posted revenue of $1.425 billion and adjusted EBITDA of $6 million, reflecting a year-over-year dip in profitability. However, the company raised its Q2 adjusted EBITDA guidance to $27 million–$37 million, bolstering expectations for improvement in the second half of the year.

Also on the 8th, Morgan Stanley downgraded its rating on RXO from Overweight to Equal Weight while raising its price target from $19 to $22—a move that appears to have catalyzed the recent share-price correction amid short-term profit-taking.

Spun off from XPO in 2022, RXO is a North American, asset-light third-party logistics provider specializing in full-truckload brokerage. It ranks among the largest U.S. truckload brokers and uses its digital platform, RXO Connect, to match a network of approximately 1.8 million trucks in real time. The company emphasizes that its technology and scale position it for significant growth, even as logistics competition intensifies following Amazon’s entry into supply-chain solutions.