C.H.Robinson Worldwide Stock News

EDEN PRAIRIE, Minn.--(BUSINESS WIRE)---- $CHRW #CHRobinson--C.H. Robinson Appoints Valerie Capers Workman Chief Human Resources Officer to Advance the Next Phase of Transformation.

Plus, the U.S. will temporarily allow highway sales of dyed diesel, and Persian Gulf oil producers pay millions to move crude.

C.H. Robinson Worldwide (CH Robinson Worldwide Inc (NASDAQ:CHRW)), the US freight forwarding company, agreed Monday to buy RXO (NYSE:RXO) in a stock-and-cash deal valued at $5.8 billion, strengthening its position in North American truck brokerage.

C.H. Robinson stock fell about 9%, even as RXO soared.

CH Robinson Worldwide has agreed to acquire truck broker RXO for about $5.8 billion in cash and stock, creating a logistics company with an enterprise value of more than $25 billion as the third-party logistics industry undergoes a wave of consolidation. The deal sent RXO shares about 24% higher at market open on Monday, while CH Robinson shares fell roughly 9% as investors weighed the strategi...

C.H. Robinson Worldwide has agreed to buy truck broker RXO for around $5 billion in cash and stock in a deal that would create a logistics company with an enterprise value topping $25 billion.

C.H. Robinson will acquire RXO in a deal with an implied value of $5.8 billion.

EDEN PRAIRIE, Minn. & CHARLOTTE, N.C.--(BUSINESS WIRE)---- $CHRW #CHRobinson--C.H. Robinson to Acquire RXO, Redefining the Future of Third-Party Logistics While Unlocking Significant Shareholder Value.