C.H. Robinson to buy RXO for $5.8 billion in truck broking expansion
CHRW•C.H. Robinson agreed to buy RXO in a stock-and-cash deal valued at $5.8 billion, or $30.25 per RXO share, a 29% premium to Friday’s close. The companies expect $300 million in annual cost synergies within two years; the deal is expected to close in the first half of 2027.
1. Deal terms
RXO shareholders would receive $17.25 in cash and 0.0856 C.H. Robinson shares for each RXO share. The combined logistics firm, valued at $25 billion, would fold RXO’s tech-enabled truck brokerage primarily into C.H. Robinson’s North American Surface Transportation unit, which accounts for more than two-thirds of revenue.
2. Expected benefits
C.H. Robinson CEO Dave Bozeman said the deal would allow the company “to create a more scaled, resilient North American third-party logistics provider.” The company expects $300 million in net run-rate cost synergies within two years, and said the deal would become accretive to adjusted earnings per share within nine months. RXO shareholders would own 11% of the combined company.
3. Trading and context
RXO shares rose 23% while C.H. Robinson shares fell 10% in early trading. C.H. Robinson said the acquisition would expand its U.S. last-mile delivery coverage and help it win more large corporate customers. The deal is expected to close in the first half of 2027.
