C.H. Robinson to Acquire Freight Broker RXO in $5.8 Billion Cash-and-Stock Deal

C.H. Robinson Worldwide agreed on October 5 to acquire truck brokerage firm RXO in a cash-and-stock transaction valued at $5.8 billion, a deal that would create a combined logistics company with an enterprise value exceeding $25 billion. C.H. Robinson is targeting $300 million in run-rate cost synergies from the combination, which brings together two complementary freight brokerage networks and is expected to be significantly accretive to adjusted earnings per share.

Markets reacted sharply to the announcement, with RXO shares surging roughly 23% in premarket trading and C.H. Robinson shares jumping about 10.7%, signaling strong investor approval for the strategic rationale. The deal was signed after C.H. Robinson entered into a debt commitment letter with Morgan Stanley Senior Funding on October 4, 2026, ahead of the public announcement.