** Shares of freight logistics firm RXO Inc RXO.N plunge 16.6% to $21.11, lowest since Jun, on Weds after quarterly loss exceeds Wall Street estimate

** Stock on track for biggest one-day pct decline since being spun out of XPO XPO.N in Nov 2022

** North Carolina-based firm early Weds reported Q4 GAAP net loss of $20 mln, or 12 cents/sh, vs profit of $2 mln, or 2 cents/sh a year ago

** Analysts on avg expected GAAP loss of $7.8 mln, or 4 cents/sh, per LSEG data

** Rev in qtr grew 70% y/y to $1.7 bln, inline with consensus

** Co said volume in its brokerage business, including impact of Coyote Logistics acquisition, declined 6% y/y in Q4. Less-than-truckload volume increase of 1% was offset by 8% decline in full truckload volume, while overall brokerage volume grew 10% from Q3, it said

** “The integration of Coyote Logistics remains ahead of schedule and we’re again raising our estimate for annualized cost synergies. We now expect to achieve at least $50 million in synergies," CEO Drew Wilkerson said

** UPS UPS.N in Jun announced sale of Coyote Logistics to RXO for ~$1 bln

** Of 19 analysts covering RXO, recommendation breakdown is 4 "strong buy" or "buy", 12 "hold" and 3 "sell" or "strong sell", according to LSEG; median PT is $27

** With move on the session, shares down ~11% YTD. Stock's record high close was $31.90 in Nov

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))