C.H. Robinson Acquires RXO in Major Logistics Merger

C.H. Robinson, the largest 3PL in the U.S., is acquiring RXO, a logistics company, with RXO shareholders receiving $17.25 per share in cash and 0.856 shares of C.H. Robinson. RXO's stock price surged before the announcement.

Why it matters. C.H. Robinson and RXO are combining their networks to accelerate growth and diversify their multi-modal platform, affecting the logistics industry.