CH Robinson has agreed to acquire RXO in a transaction valued at approximately $5.8bn, creating a larger US logistics business spanning freight brokerage, expedited transport and last-mile delivery.
RXO shareholders will receive $17.25 in cash and 0.0856 CH Robinson shares for each RXO share. The offer values RXO at $30.25 per share, a 29% premium to its 2 October closing price. RXO investors are expected to own around 11% of the combined company.
Broader logistics offering
CH Robinson said the acquisition will diversify its operations at a time of difficult freight-market conditions. Expedited and last-mile capabilities could help serve shippers seeking greater flexibility and tighter delivery windows.
The combined business plans to apply artificial intelligence to its operations and is targeting $300m in cost savings over two years. Achieving that target will require the integration of systems, teams and carrier networks.
The cash consideration will be funded with new debt, including a fully underwritten bridge facility. This adds leverage considerations as the businesses are combined. The transaction is expected to close in the first half of 2027, subject to customary conditions.
Although focused on the US, the deal may interest European shippers with international freight needs. It could strengthen CH Robinson’s ability to connect transport services across modes and regions, while adding to consolidation pressure among logistics intermediaries.
A multilingual professional experienced in Europe, Canada, and China, Herbert has developed invaluable networks in the automotive and energy industries. He has led high-profile projects involving ENBW, Mercedes-Benz Group, Siemens Group, and the Fraunhofer Institute.