C.H. Robinson to Acquire RXO in $5.8 Billion Deal

10:11 AM EDT, 10/05/2026 (MT Newswires) -- C.H. Robinson Worldwide (CHRW) has agreed to acquire RXO (RXO) in a cash-and-stock deal worth roughly $5.8 billion to create a more than $25 billion third-party logistics provider, the companies said in a joint statement on Monday. Shareholders of RXO may choose to receive $17.25 per share in cash and 0.0856 shares of C.H. Robinson, representing a consideration of $30.25 per share, according to the firms. The consideration represents a 29% premium to RXO's closing price on Friday. Shareholders can alternatively choose to receive all of the $30.25 per share in cash or an all-stock consideration of 0.1992 of C.H. Robinson's shares. Each option would be subject to proration and adjustment procedures. RXO's shareholders are expected to own 11% of the combined company once the deal completes. Freight brokerage C.H. Robinson's stock declined 9.1% in Monday trade, while transportation solutions provider RXO jumped 24%. "This transaction is a natural next step in our transformation, allowing us to create a more scaled, resilient North American third-party logistics provider," C.H. Robinson Chief Executive Dave Bozeman said in a statement. "By applying our proven lean (artificial intelligence) model to RXO's business, we expect to significantly enhance productivity to unlock compelling cost synergies." C.H. Robinson expects the transaction to boost its network density, improve penetration across all verticals and increase volumes. The company anticipates the acquisition to substantially expand its proprietary datasets and enhance its AI-driven sales, matching and procurement capabilities. The deal, which requires approval from RXO's shareholders and clearance from regulators, is expected to complete in the first half of next year. MFN Partners, which owns 17% of RXO's stock, has agreed to vote in favor of the transaction. Following completion, C.H. Robinson will integrate RXO mainly into its North American surface transportation division. It estimates the deal to be accretive to adjusted earnings on a per-share basis within nine months after completion and boost the metric by mid-teens in 2028. The company projects the acquisition to generate about $300 million of net run-rate cost synergies within two years after completion. "By bringing together our complementary capabilities, talented teams and shared commitment to service, we will be able to offer customers greater scale, broader capabilities and even more value," according to RXO CEO Drew Wilkerson. In June, C.H. Robinson Worldwide acquired DeSpir Logistics, a provider of secure transportation and cargo escort services for high-value freight across North America, for about $75 million. In February 2025, the company sold its European surface transportation business to sennder Technologies. In the broader industry, Thoma Bravo in June completed its acquisition of third-party logistics provider WWEX Group and combined it with Auctane. Earlier in the year, Echo Global Logistics purchased ITS Logistics to create a scaled third-party logistics provider with $5.2 billion in combined revenue for 2025.