The story so far
written Oct 5What is happening
C.H. Robinson Worldwide announced on Monday, October 5, 2026, that it will acquire freight broker RXO for $5.8 billion [1][2]. The transaction combines RXO’s truck brokerage and last-mile delivery services into C.H. Robinson’s North American Surface Transportation unit to create a $25 billion logistics firm [1][3]. Under the agreement, RXO shareholders are to receive $17.25 in cash and 0.0856 C.H. Robinson shares for each RXO share [1][3].
C.H. Robinson expects the deal to be accretive to adjusted earnings per share within nine months of closing [3]. The company projects the merger will generate $300 million in net run-rate cost synergies within two years [3]. Following the completion of the deal, RXO shareholders will own approximately 11% of the combined company [1][3].
What to watch
The transaction is scheduled to close in the first half of 2027 [3]. A decision published by the U.S. Department of Justice would signal the completion of the antitrust review. A proxy vote by RXO shareholders to approve the merger and a formal press release announcing the closing of the agreement would settle the transaction.
Read the full brief · how we got here
How we got here
The $17.25 cash and stock offer represents a 29% premium to the October 2 closing price of RXO shares [1][3]. Morgan Stanley & Co. LLC is acting as the financial advisor for the acquisition [3]. The deal follows C.H. Robinson's move to integrate RXO's technology-enabled services into its existing North American operations [1][8].
References · 4
- [1]reuters.com — C.H. Robinson to buy freight broker RXO for $5.8 billion | Reuters
- [2]bloomberg.com — CH Robinson to Buy Logistics Firm RXO in $5.8 Billion Deal
- [3]bnnbloomberg.ca — C.H. Robinson to buy RXO in stock-and-cash transaction
- [8]businesswire.com — C.H. Robinson to Acquire RXO, Redefining the Future of Third-Party ...
What would close this
0 of 3 metTimeline
newest firstWhen we started following: C.H. Robinson agrees to acquire RXO in $5.8 billion stock-and-cash transaction
C.H. Robinson Worldwide announced on Monday, October 5, 2026, that it will acquire RXO for $5.8 billion [1][2]. Under the terms of the agreement, RXO shareholders are to receive $17.25 in cash and 0.0856 C.H. Robinson shares for each RXO share, representing a 29% premium to the October 2 closing price [1][3]. The transaction is expected to close in the first half of 2027 [3].
The merger will combine RXO’s tech-enabled truck brokerage and last-mile delivery services into C.H. Robinson’s North American Surface Transportation unit [1][3]. C.H. Robinson expects the deal to generate $300 million in net run-rate cost synergies within two years of closing and to be accretive to adjusted earnings per share within nine months [3]. Following the close, RXO shareholders will own approximately 11% of the combined $25 billion logistics firm [1][3]. Morgan Stanley & Co. LLC is serving as financial advisor for the transaction [3].