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

 October 5, 2026 | By Amy Roach

C.H. Robinson announced today that it has agreed to buy RXO in a cash-and-stock deal valued at about $5.8 billion. The deal would combine two of the biggest names in North American truck brokerage and create a company with an enterprise value above $25 billion.

Both boards approved the agreement unanimously. The companies expect to close in the first half of 2027, pending regulatory approval and a vote by RXO stockholders. MFN Partners, which holds about 17% of RXO, has agreed to vote its shares in favor. Orbis Investments, RXO’s largest shareholder, also backs the deal.

The financial case rests on cost cuts. C.H. Robinson expects about $300 million in net run-rate cost synergies within two years of closing, which it plans to get by running RXO through its Lean AI operating model. The company points to lower cost-to-serve, shared-services consolidation, and swapping RXO’s outside vendors for C.H. Robinson’s existing ones. Real estate and insurance purchasing are also on the list. RXO will be folded primarily into C.H. Robinson’s North American Surface Transportation division.

“This transaction is a natural next step in our transformation,” said C.H. Robinson CEO Dave Bozeman. He said the company’s experienced team and disciplined plan would let it integrate the two businesses and capture those savings. RXO Chairman and CEO Drew Wilkerson described the deal as a next chapter for his employees and customers, and said the combined company can offer more scale and a broader set of services.

Here’s how the deal shakes out:

• What shippers and carriers are being told

C.H. Robinson’s pitch to customers is range: truckload brokerage, managed transportation, expedited and last-mile service from RXO, plus C.H. Robinson’s global forwarding, all under one roof. For carriers, the company says a bigger, denser network means more loads and fewer empty miles, with digital booking and AI-generated load recommendations. Until the deal closes, the companies say it is business as usual and the two will keep operating separately.

• The terms

RXO shareholders will receive $17.25 in cash and 0.0856 shares of C.H. Robinson stock for each RXO share, an implied $30.25 per share. That is a 29% premium to RXO’s closing price on Friday, Oct. 2, and 27% over its 90-day volume-weighted average. Shareholders can elect all cash or all stock, but the final mix will be prorated so that roughly 57% of the total consideration is paid in cash and 43% in stock. RXO holders would end up owning about 11% of the combined company.

• Questions ahead

Integration is the obvious one. C.H. Robinson is a non-asset-based broker with a global footprint, while RXO is an asset-light, technology-forward operation built around platforms like RXO Connect. Whether those two cultures and systems mesh as cleanly as the savings math assumes is something the next two years will answer.

Regulators may also take an interest. A tie-up of this size in truck brokerage could draw scrutiny from shippers and carriers worried about pricing power and options, and the companies have listed regulatory approval as a closing condition.