Auto Draft

RXO Inc. (NYSE:RXO) is one of the 10 Stocks With Stunning Double-Digit Gains.

RXO Inc. saw its share prices jump by 30.4 percent week-on-week as investors positioned portfolios after the company turned optimistic about its business, thanks to the rapid increase in truckload spot rates and better gross profits last month.

In an updated report earlier in the week, RXO Inc. (NYSE:RXO) said that its proprietary Curve truckload market forecast has shown rapidly rising truckload spot rates, excluding the impacts of fuel.

Spot rates in the first quarter of the year rose by 16.5 percent year-on-year, the highest reading since the third quarter of 2021 and markedly faster than the 5.2 percent in the fourth quarter of 2025.

As of May 15, RXO Inc. (NYSE:RXO) said that the Curve is on pace to finish the second quarter at an even higher mark, on the back of continued attrition of carrier capacity, and federal regulation enforcement, which has led to a supply imbalance relative to demand.

“We’re seeing significant linehaul and contract rate increases, despite muted shipper demand. Carriers remain under immense cost pressure, driven by increasing labor expenses, a higher cost of capital, insurance premiums, and, of course, diesel prices. The recent surge in rates, primarily due to continued capacity exits, has allowed carriers to begin to offset these inflationary pressures. If there is any uptick in shipping volumes, rates will rise at an even faster pace,” RXO Inc. (NYSE:RXO) Chief Strategy Officer Jared Weisfeld said.

Also last week, the company reported improved truckload gross profit per load in May. While still flat from April levels, the figures would finish better than the decline it projected earlier this year.

Similarly, it was able to outperform the market, with its April full-truckload volume declining by only 2 percent, as compared with the industry’s 4 percent overall dip, as measured by the Cass Freight Index.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.