CH Robinson to purchase RXO in multi-billion dollar deal

Blockbuster tie-up on the cards here: CH Robinson has agreed to buy RXO in a deal with an “implied value” of $5.8bn, with shareholders pocketing a healthy 29% premium in the process. Combining CH Robinson’s global forwarding and multimodal network with RXO’s North American truck brokerage operation and expedited and last-mile businesses, the buyer is hoping the merger will deliver $300m in annual Read full article →