RXO Stock News

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #nyse--RXO (NYSE: RXO) today reported strong third-quarter financial results. RXO Chairman and CEO Drew Wilkerson said, “We exceeded the high end of our third-quarter profit outlook, demonstrating the momentum we're building across RXO. We continued to take market share in Brokerage, and achieved a 3 percent increase in truckload volume, outperforming t...

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.

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #nyse--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, announced today that Chief Technology Officer Alyssa Myers was named a finalist by the Stevie® Awards for Women in Business for 2026 in the Achievement in Digital Transformation (Woman-Led Initiative) category. The Stevie Awards for Women in Business honor the achievemen...