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RXO CEO: Freight Recession Persists, but See Positive Trends

Bloomberg
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RXO CEO Drew Wilkerson confirmed the freight industry remains in a recession as of February 2026, citing prolonged deflationary pressures in truckload markets during the latest quarterly forecast. Despite ongoing challenges, Wilkerson noted early signs of recovery, including an emerging upswing in trucking demand and stabilizing rates after a two-year downturn. The CEO attributed tentative optimism to inventory restocking cycles and seasonal demand shifts, though he cautioned that full market rebound timing remains uncertain. Wilkerson’s remarks came during a Bloomberg interview on The Close, where he emphasized operational resilience amid broader economic volatility and trade policy risks. Analysts link the freight slump to persistent macroeconomic headwinds, including elevated interest rates and global tariff tensions impacting supply chain costs.
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Feb 23rd, 2026RXO CEO: Freight Recession Persists, but See Positive TrendsDrew Wilkerson, CEO of RXO, discusses the company’s latest quarterly truckload forecast, highlighting an upswing in the trucking market following a period of deflationary pressure. He speaks with Romaine Bostick and Kristine Aquino on "The Close."Duration:4:48Trump Eyes Affordability in State of the Union AddressDuration:7:48Winds Challenge NYC Transit SystemDuration:4:00Iran-US Nuclear Talks to Resume This WeekDuration:2:18What’s Next for Trade as Trump Ups Global Tariff to 15%Duration:1:25Bitcoin Falls on Uncertainty Fears After Tariffs RulingDuration:4:45Private Equity Returns Slump for Fourth Straight YearDuration:1:31EU Set to Freeze US Trade Deal Approval Over Trump Tariff RiskDuration:1:18Fed’s Waller Says March Rate Cut Hinges on Labor MarketAvailable on:Listen onApple TVListen onRokuListen onSamsung TVListen onFire TVListen onAndroid TVListen onRakuten TVListen onHaystack NewsWatch BTV in your area:Channel Finder

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Source: Bloomberg

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