# EDGAR Filing Document

**Accession Number:** 0001929561
**File Stem:** 0001193125-23-032084
**Filing Date:** 2023-2
**Character Count:** 21483
**Document Hash:** 7d6a7e6fe6026a7c053a7959c81f31d8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-032084.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0001193125-23-032084

**CONFORMED SUBMISSION TYPE**: SC 13G

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230210

**DATE AS OF CHANGE**: 20230210

**GROUP MEMBERS**: FARHAD NANJI

**GROUP MEMBERS**: MFN PARTNERS GP, LLC

**GROUP MEMBERS**: MFN PARTNERS MANAGEMENT, LLC

**GROUP MEMBERS**: MFN PARTNERS MANAGEMENT, LP

**GROUP MEMBERS**: MICHAEL F. DEMICHELE

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RXO, Inc.
- **CENTRAL INDEX KEY:** 0001929561
- **STANDARD INDUSTRIAL CLASSIFICATION:** TRANSPORTATION SERVICES [4700]
- **IRS NUMBER:** 882183384
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93838
- **FILM NUMBER:** 23610051

**BUSINESS ADDRESS:**
- **STREET 1:** 11215 NORTH COMMUNITY HOUSE ROAD
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28277
- **BUSINESS PHONE:** (980) 308-6058

**MAIL ADDRESS:**
- **STREET 1:** 11215 NORTH COMMUNITY HOUSE ROAD
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28277

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RXO, LLC
- **DATE OF NAME CHANGE:** 20220712

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NAT Holdings, LLC
- **DATE OF NAME CHANGE:** 20220517
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFN Partners, LP
- **CENTRAL INDEX KEY:** 0001732960
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** SC 13G

**BUSINESS ADDRESS:**
- **STREET 1:** 222 BERKELEY STREET, 13TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116
- **BUSINESS PHONE:** 617-443-2040

**MAIL ADDRESS:**
- **STREET 1:** 222 BERKELEY STREET, 13TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116

CUSIP No. 74982T103

------

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

------

**SCHEDULE 13G** 

**Under the Securities Exchange Act of 1934** 

**(Amendment No.<u> </u>)\*** 

------

## RXO, Inc.
**(Name of Issuer)** 

**Common Stock, $0.01 par value** 

**(Title of Class of Securities)** 

**74982T103** 

**(CUSIP Number)** 

**December 31, 2022** 

**Date of Event Which Requires Filing of this Statement** 

------

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

------

CUSIP No. 74982T103

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **1** | &nbsp;&nbsp;&nbsp;&nbsp;Name of Reporting Person:<br>&nbsp;&nbsp;&nbsp;&nbsp;**MFN Partners, LP**<br>&nbsp;&nbsp;&nbsp;&nbsp;I.R.S. Identification No. of above Person (entities only) (voluntary) |
| &nbsp;&nbsp;&nbsp; **2** | &nbsp;&nbsp;&nbsp;&nbsp;Check the Appropriate Box if a Member of a Group<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ (b) ☐ |
| &nbsp;&nbsp;&nbsp; **3** | &nbsp;&nbsp;&nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;&nbsp; **4** | &nbsp;&nbsp;&nbsp;&nbsp;Citizenship or Place of Organization<br>&nbsp;&nbsp;&nbsp;&nbsp;**Delaware** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **5** | &nbsp;&nbsp;&nbsp;&nbsp;SOLE VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**0** |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **6** | &nbsp;&nbsp;&nbsp;&nbsp;SHARED VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**12,675,369** |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **7** | &nbsp;&nbsp;&nbsp;&nbsp;SOLE DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**0** |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **8** | &nbsp;&nbsp;&nbsp;&nbsp;SHARED DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**12,675,369** |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **9** | &nbsp;&nbsp;&nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED<br>&nbsp;&nbsp;&nbsp;&nbsp;**12,675,369** |
| &nbsp;&nbsp;&nbsp;**10** | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<br>☐ |
| &nbsp;&nbsp;&nbsp;**11** | &nbsp;&nbsp;&nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>&nbsp;&nbsp;&nbsp;&nbsp;**10.9%\*** |
| &nbsp;&nbsp;&nbsp;**12** | &nbsp;&nbsp;&nbsp;&nbsp;TYPE OF REPORTING PERSON<br>&nbsp;&nbsp;&nbsp;&nbsp;**PN** |

---

\* Based on 116,400,000 shares of Common Stock outstanding as of December 31, 2022, as reported in the Issuer's Report on Form 8-K filed with the Securities and Exchange Commission on February 7, 2023.

------

CUSIP No. 74982T103

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **1** | &nbsp;&nbsp;&nbsp;&nbsp;Names of Reporting Person:<br>&nbsp;&nbsp;&nbsp;&nbsp;**MFN Partners GP, LLC**<br>&nbsp;&nbsp;&nbsp;&nbsp;I.R.S. Identification No. of above Person (entities only) (voluntary) |
| &nbsp;&nbsp;&nbsp; **2** | &nbsp;&nbsp;&nbsp;&nbsp;Check the Appropriate Box if a Member of a Group<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ (b) ☐ |
| &nbsp;&nbsp;&nbsp; **3** | &nbsp;&nbsp;&nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;&nbsp; **4** | &nbsp;&nbsp;&nbsp;&nbsp;Citizenship or Place of Organization<br>&nbsp;&nbsp;&nbsp;&nbsp;**Delaware** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **5** | &nbsp;&nbsp;&nbsp;&nbsp;SOLE VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**0** |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **6** | &nbsp;&nbsp;&nbsp;&nbsp;SHARED VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**12,675,369** |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **7** | &nbsp;&nbsp;&nbsp;&nbsp;SOLE DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**0** |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **8** | &nbsp;&nbsp;&nbsp;&nbsp;SHARED DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**12,675,369** |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **9** | &nbsp;&nbsp;&nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED<br>&nbsp;&nbsp;&nbsp;&nbsp;**12,675,369** |
| &nbsp;&nbsp;&nbsp;**10** | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<br>☐ |
| &nbsp;&nbsp;&nbsp;**11** | &nbsp;&nbsp;&nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>&nbsp;&nbsp;&nbsp;&nbsp;**10.9%\*** |
| &nbsp;&nbsp;&nbsp;**12** | &nbsp;&nbsp;&nbsp;&nbsp;TYPE OF REPORTING PERSON<br>&nbsp;&nbsp;&nbsp;&nbsp;**OO** |

---

\* Based on 116,400,000 shares of Common Stock outstanding as of December 31, 2022, as reported in the Issuer's Report on Form 8-K filed with the Securities and Exchange Commission on February 7, 2023.

------

CUSIP No. 74982T103

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **1** | &nbsp;&nbsp;&nbsp;&nbsp;Names of Reporting Person:<br>&nbsp;&nbsp;&nbsp;&nbsp;**MFN Partners Management, LP**<br>&nbsp;&nbsp;&nbsp;&nbsp;I.R.S. Identification No. of above Person (entities only) (voluntary) |
| &nbsp;&nbsp;&nbsp; **2** | &nbsp;&nbsp;&nbsp;&nbsp;Check the Appropriate Box if a Member of a Group<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ (b) ☐ |
| &nbsp;&nbsp;&nbsp; **3** | &nbsp;&nbsp;&nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;&nbsp; **4** | &nbsp;&nbsp;&nbsp;&nbsp;Citizenship or Place of Organization<br>&nbsp;&nbsp;&nbsp;&nbsp;**Delaware** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **5** | &nbsp;&nbsp;&nbsp;&nbsp;SOLE VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**0** |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **6** | &nbsp;&nbsp;&nbsp;&nbsp;SHARED VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**12,675,369** |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **7** | &nbsp;&nbsp;&nbsp;&nbsp;SOLE DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**0** |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **8** | &nbsp;&nbsp;&nbsp;&nbsp;SHARED DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**12,675,369** |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **9** | &nbsp;&nbsp;&nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED<br>&nbsp;&nbsp;&nbsp;&nbsp;**12,675,369** |
| &nbsp;&nbsp;&nbsp;**10** | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<br>☐ |
| &nbsp;&nbsp;&nbsp;**11** | &nbsp;&nbsp;&nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>&nbsp;&nbsp;&nbsp;&nbsp;**10.9%\*** |
| &nbsp;&nbsp;&nbsp;**12** | &nbsp;&nbsp;&nbsp;&nbsp;TYPE OF REPORTING PERSON<br>&nbsp;&nbsp;&nbsp;&nbsp;**IA, PN** |

---

\* Based on 116,400,000 shares of Common Stock outstanding as of December 31, 2022, as reported in the Issuer's Report on Form 8-K filed with the Securities and Exchange Commission on February 7, 2023.

------

CUSIP No. 74982T103

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **1** | &nbsp;&nbsp;&nbsp;&nbsp;Names of Reporting Person:<br>&nbsp;&nbsp;&nbsp;&nbsp;**MFN Partners Management, LLC** <br>&nbsp;&nbsp;&nbsp;&nbsp;I.R.S. Identification No. of above Person (entities only) (voluntary) |
| &nbsp;&nbsp;&nbsp; **2** | &nbsp;&nbsp;&nbsp;&nbsp;Check the Appropriate Box if a Member of a Group<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ (b) ☐ |
| &nbsp;&nbsp;&nbsp; **3** | &nbsp;&nbsp;&nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;&nbsp; **4** | &nbsp;&nbsp;&nbsp;&nbsp;Citizenship or Place of Organization<br>Delaware |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **5** | &nbsp;&nbsp;&nbsp;&nbsp;SOLE VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**0** |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **6** | &nbsp;&nbsp;&nbsp;&nbsp;SHARED VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**12,675,369** |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **7** | &nbsp;&nbsp;&nbsp;&nbsp;SOLE DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**0** |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **8** | &nbsp;&nbsp;&nbsp;&nbsp;SHARED DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**12,675,369** |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **9** | &nbsp;&nbsp;&nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED<br>&nbsp;&nbsp;&nbsp;&nbsp;**12,675,369** |
| &nbsp;&nbsp;&nbsp;**10** | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<br>☐ |
| &nbsp;&nbsp;&nbsp;**11** | &nbsp;&nbsp;&nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>&nbsp;&nbsp;&nbsp;&nbsp;**10.9%\*** |
| &nbsp;&nbsp;&nbsp;**12** | &nbsp;&nbsp;&nbsp;&nbsp;TYPE OF REPORTING PERSON<br>**OO** |

---

\* Based on 116,400,000 shares of Common Stock outstanding as of December 31, 2022, as reported in the Issuer's Report on Form 8-K filed with the Securities and Exchange Commission on February 7, 2023.

------

CUSIP No. 74982T103

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **1** | &nbsp;&nbsp;&nbsp;&nbsp;Names of Reporting Person:<br>&nbsp;&nbsp;&nbsp;&nbsp;**Michael F. DeMichele**<br>&nbsp;&nbsp;&nbsp;&nbsp;I.R.S. Identification No. of above Person (entities only) (voluntary) |
| &nbsp;&nbsp;&nbsp; **2** | &nbsp;&nbsp;&nbsp;&nbsp;Check the Appropriate Box if a Member of a Group<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ (b) ☐ |
| &nbsp;&nbsp;&nbsp; **3** | &nbsp;&nbsp;&nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;&nbsp; **4** | &nbsp;&nbsp;&nbsp;&nbsp;Citizenship or Place of Organization<br>**United States** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **5** | &nbsp;&nbsp;&nbsp;&nbsp;SOLE VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**0** |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **6** | &nbsp;&nbsp;&nbsp;&nbsp;SHARED VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**12,675,369** |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **7** | &nbsp;&nbsp;&nbsp;&nbsp;SOLE DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**0** |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **8** | &nbsp;&nbsp;&nbsp;&nbsp;SHARED DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**12,675,369** |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **9** | &nbsp;&nbsp;&nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED<br>&nbsp;&nbsp;&nbsp;&nbsp;**12,675,369** |
| &nbsp;&nbsp;&nbsp;**10** | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<br> ☐  |
| &nbsp;&nbsp;&nbsp;**11** | &nbsp;&nbsp;&nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>&nbsp;&nbsp;&nbsp;&nbsp;**10.9%\*** |
| &nbsp;&nbsp;&nbsp;**12** | &nbsp;&nbsp;&nbsp;&nbsp;TYPE OF REPORTING PERSON<br>**IN** |

---

\* Based on 116,400,000 shares of Common Stock outstanding as of December 31, 2022, as reported in the Issuer's Report on Form 8-K filed with the Securities and Exchange Commission on February 7, 2023.

------

CUSIP No. 74982T103

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **1** | &nbsp;&nbsp;&nbsp;&nbsp;Names of Reporting Person:<br>&nbsp;&nbsp;&nbsp;&nbsp;**Farhad Nanji**<br>&nbsp;&nbsp;&nbsp;&nbsp;I.R.S. Identification No. of above Person (entities only) (voluntary) |
| &nbsp;&nbsp;&nbsp; **2** | &nbsp;&nbsp;&nbsp;&nbsp;Check the Appropriate Box if a Member of a Group<br>&nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ (b) ☐ |
| &nbsp;&nbsp;&nbsp; **3** | &nbsp;&nbsp;&nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;&nbsp; **4** | &nbsp;&nbsp;&nbsp;&nbsp;Citizenship or Place of Organization<br>**Canada** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **5** | &nbsp;&nbsp;&nbsp;&nbsp;SOLE VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**0** |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **6** | &nbsp;&nbsp;&nbsp;&nbsp;SHARED VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**12,675,369** |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **7** | &nbsp;&nbsp;&nbsp;&nbsp;SOLE DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**0** |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | **8** | &nbsp;&nbsp;&nbsp;&nbsp;SHARED DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;**12,675,369** |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **9** | &nbsp;&nbsp;&nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED<br>&nbsp;&nbsp;&nbsp;&nbsp;**12,675,369** |
| &nbsp;&nbsp;&nbsp;**10** | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<br> ☐  |
| &nbsp;&nbsp;&nbsp;**11** | &nbsp;&nbsp;&nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>&nbsp;&nbsp;&nbsp;&nbsp;**10.9%\*** |
| &nbsp;&nbsp;&nbsp;**12** | &nbsp;&nbsp;&nbsp;&nbsp;TYPE OF REPORTING PERSON<br>**IN** |

---

\* Based on 116,400,000 shares of Common Stock outstanding as of December 31, 2022, as reported in the Issuer's Report on Form 8-K filed with the Securities and Exchange Commission on February 7, 2023.

------

CUSIP No. 74982T103

**<u>SCHEDULE 13G</u>**

---

| | |
|:---|:---|
|  **Item 1(a)** | Name of Issuer: RXO, Inc. |
|  **Item 1(b)** | Address of Issuer's Principal Executive Offices:<br>115 North Community House Road, Charlotte, NC 28277 |
|  **Item 2(a)** | Name of Persons Filing:<br>This Schedule 13G is being filed by and on behalf of (i) MFN Partners, LP (the "Partnership"); (ii) MFN Partners GP, LLC ("MFN GP"), as the general partner of the Partnership; (iii) MFN Partners Management, LP ("MFN Management"), as the investment adviser to the Partnership; (iv) MFN Partners Management, LLC ("MFN LLC"), as the general partner of MFN Management; (v) Michael F. DeMichele, as a managing member of MFN GP and of MFN LLC; and (vi) Farhad Nanji, as a managing member of MFN GP and of MFN LLC (each, a "Reporting Person" and collectively, the "Reporting Persons"). |
|  **Item 2(b)** | Address of Principal Business Office, or if None, Residence:<br>c/o MFN Partners Management, LP, 222 Berkeley Street, 13<sup>th</sup> Floor, Boston, MA 02116 |
|  **Item 2(c)** | Citizenship:<br>The Partnership is a Delaware limited partnership. MFN GP is a Delaware limited liability company. MFN Management is a Delaware limited partnership. MFN LLC is a Delaware limited liability company. Michael F. DeMichele is a citizen of the United States and Farhad Nanji is citizen of Canada. |
|  **Item 2(d)** | Title of Class of Securities: Common Stock, $0.01 par value |
|  **Item 2(e)** | CUSIP Number: 74982T103 |
|  **Item 3** | If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is:<br>Not Applicable. |
|  **Item 4** | Ownership:<br>(a) through (c):<br>The information requested herein is incorporated by reference to the cover pages to this Schedule 13G.<br>The shares reported herein are directly held by the Partnership. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein. |
|  **Item 5** | Ownership of Five Percent or Less of the Class: Not Applicable. |
|  **Item 6** | Ownership of More Than Five Percent on Behalf of Another Person: Not Applicable. |
|  **Item 7** | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: Not Applicable. |
|  **Item 8** | Identification and Classification of Members of the Group: Not Applicable. |

---

------

CUSIP No. 74982T103

---

| | |
|:---|:---|
|  **Item 9** | Notice of Dissolution of Group: Not Applicable. |
|  **Item 10** | Certification: Not Applicable |

---

------

CUSIP No. 74982T103

**SIGNATURES** 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 10, 2023

---

| |
|:---|
| **MFN PARTNERS, LP** |
| By: /s/ Jonathan Reisman |
| Name: Jonathan Reisman |
| Title: Authorized Person |

---

---

| |
|:---|
| **MFN PARTNERS GP, LLC** |
| By: /s/ Jonathan Reisman |
| Name: Jonathan Reisman |
| Title: Authorized Person |

---

---

| |
|:---|
| **MFN PARTNERS MANAGEMENT, LP** |
| By: /s/ Jonathan Reisman |
| Name: Jonathan Reisman |
| Title: Authorized Person |

---

---

| |
|:---|
| **MFN PARTNERS MANAGEMENT, LLC** |
| By: /s/ Jonathan Reisman |
| Name: Jonathan Reisman |
| Title: Authorized Person |

---

---

| |
|:---|
| **FARHAD NANJI** |
| /s/ Farhad Nanji |
| Farhad Nanji, individually |

---

---

| |
|:---|
| **MICHAEL F. DEMICHELE** |
| /s/ Michael F. DeMichele |
| Michael F. DeMichele, individually |

---

## Exhibit 99.1

CUSIP No. 74982T103

**EXHIBIT 1** 

**JOINT FILING AGREEMENT** 

The undersigned hereby agree that the statement on Schedule 13G to which this Agreement is annexed as Exhibit 1, and any amendments thereto, is and will be filed on behalf of each of them in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.

Dated: February 10, 2023

---

| |
|:---|
| **MFN PARTNERS, LP** |
| By: /s/ Jonathan Reisman |
| Name: Jonathan Reisman |
| Title: Authorized Person |

---

---

| |
|:---|
| **MFN PARTNERS GP, LLC** |
|  By: /s/ Jonathan Reisman |
|  Name: Jonathan Reisman |
|  Title: Authorized Person |

---

---

| |
|:---|
| **MFN PARTNERS MANAGEMENT, LP** |
|  By: /s/ Jonathan Reisman |
|  Name: Jonathan Reisman |
|  Title: Authorized Person |

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| |
|:---|
| **MFN PARTNERS MANAGEMENT, LLC** |
|  By: /s/ Jonathan Reisman |
|  Name: Jonathan Reisman |
|  Title: Authorized Person |

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| |
|:---|
| **FARHAD NANJI** |
|  /s/ Farhad Nanji |
|  Farhad Nanji, individually |

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| |
|:---|
| **MICHAEL F. DEMICHELE** |
|  /s/ Michael F. DeMichele |
|  Michael F. DeMichele, individually |

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