Drew Wilkerson, CEO of RXO, told Bloomberg's "The Close" that the freight recession continues but positive trends are emerging in the trucking market. The company's latest quarterly truckload forecast shows signs of recovery following a period of deflationary pressure that had squeezed margins across the industry.

Wilkerson's comments come as logistics companies navigate challenging conditions with freight rates under pressure. The trucking sector has faced headwinds from slowing economic growth and inventory adjustments, though recent data suggests the worst may be behind. RXO's outlook provides insight into broader market conditions affecting supply chains and transportation costs.

The CEO's assessment signals potential stabilization in freight markets that have been volatile since mid-2022. For investors and shippers, Wilkerson's forecast offers guidance on when pricing power might return to carriers. The trucking industry's health remains a critical barometer for overall economic activity.