RXO Stock Soars. C.H. Robinson Is Buying It for Implied Value of $5.8 Billion. - Barron's

C.H. Robinson Worldwide acquires freight broker RXO for $5.8 billion

C.H. Robinson Worldwide is purchasing freight broker RXO for $5.8 billion. This unites two big logistics firms. The goal is to streamline operations and increase market presence. RXO's stock has risen recently, indicating investors like the deal. The sale should be completed shortly, but it needs authorization from regulators.

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