CH Robinson to Acquire RXO for 5.8 Billion in Cash and Stock Deal

C.H. Robinson agreed to acquire RXO in a $5.8 billion cash-and-stock transaction announced on October 5, 2026. The deal targets $300 million in run-rate cost synergies and is designed to give the combined company greater scale in the freight and logistics sector.

RXO shares surged roughly 21-23% in premarket trading on the news, while C.H. Robinson fell sharply, dropping around 9.7% at the open and remaining under pressure through midday as investors questioned whether the price justified the strategic rationale. Concerns centered on higher leverage, share dilution for Robinson shareholders, and a pause in the company's buyback program.

The acquisition adds to a wave of consolidation in the freight brokerage industry. Analysts noted the deal promises meaningful scale benefits but leaves Robinson carrying a heavier balance sheet in a freight market that has been navigating an uneven recovery.