CH Robinson to acquire RXO trucking brokerage for 5.8 billion dollars

Logistics firm C.H. Robinson is acquiring RXO's trucking brokerage business in a transaction valued at about 5.8 billion dollars, Bloomberg Tech, the Wall Street Journal, citybiz, and Reuters reported. Chief executive officer Dave Bozeman stated that the deal will combine C.H. Robinson's global multimodal, freight brokerage, and forwarding operations with RXO's North American brokerage business. [1][3][4][6]

The acquisition allows C.H. Robinson to expand into last-mile and expedited delivery services, according to Bloomberg Tech and Reuters. Chief executive officer Dave Bozeman told CNBC that the agreement represents a major unlock for shareholders, customers, and employees. [1][2][6]

C.H. Robinson Worldwide, Inc. is an American transportation and third-party logistics company. The company provides freight transportation, transportation management, warehousing, and brokerage, including truckload, air freight, intermodal, and ocean transport. [7]