Freight forwarding firm C.H. Robinson Worldwide has agreed to acquire truck brokerage company RXO in a cash-and-stock transaction valued at $5.8 billion, as the logistics giant looks to expand its presence in North America’s highly competitive freight market.
The deal will create a combined logistics company valued at roughly $25 billion. RXO’s technology-driven truck brokerage operations will primarily be integrated into C.H. Robinson’s North American Surface Transportation business, which generates more than two-thirds of the company’s revenue.
Investors reacted sharply to the announcement. RXO shares jumped 23% in early trading, while C.H. Robinson stock fell 10%.
Under the agreement, RXO shareholders will receive $17.25 in cash and 0.0856 shares of C.H. Robinson stock for each RXO share. The offer values RXO at $30.25 per share, representing a 29% premium to its Friday closing price.
Expanding Truck Brokerage and Last-Mile Delivery
The acquisition is expected to strengthen C.H. Robinson’s truck brokerage operations while expanding its last-mile delivery capabilities across the U.S.
RXO also provides managed transportation and last-mile delivery services, giving C.H. Robinson additional reach with large corporate customers.
C.H. Robinson CEO Dave Bozeman said the combination would enable the company “to create a more scaled, resilient North American third-party logistics provider.”
The company expects the transaction to generate $300 million in net run-rate cost synergies within two years. It also expects the deal to become accretive to adjusted earnings per share within nine months of closing.
AI Reshapes Freight Brokerage
The acquisition comes as C.H. Robinson has been cutting jobs while increasing its use of artificial intelligence. Over the past year, AI agents have taken on tasks including shipment pricing, coordinating pickups and deliveries, and tracking cargo in transit.
RXO, meanwhile, recorded annual losses in 2024 and 2025, although the company exceeded profit expectations in its latest quarter as freight pricing improved.
Freight brokers have benefited from higher U.S. trucking rates, partly driven by a regulatory-related shortage of truck drivers, which has supported revenue growth across the sector.
However, volatile diesel prices remain a challenge. Fuel surcharges and spot freight rates can take time to adjust when fuel costs rise, putting temporary pressure on brokers’ margins and cash flow.
Deal Expected to Close in 2027
The transaction is expected to close during the first half of 2027, subject to customary closing conditions and regulatory approvals.
Following completion, RXO shareholders are expected to own approximately 11% of the combined company, giving them a significant stake in C.H. Robinson’s expanded North American logistics operation.
