CH Robinson to Buy RXO for $5.8 Billion in Bet on AI Model
Deals·2 articles across 2 outlets·↩ Updated
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
CH Robinson Worldwide Inc. agreed to buy trucking brokerage firm RXO Inc. in a deal centered around a bet that artificial intelligence can help the companies improve efficiency in a challenging freight market.
If approved, the deal would grow C.H. Robinson's network density and bring RXO's brokerage, expedited and last-mile services into the fold.
CH RobinsonRXO
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“CH Robinson Worldwide agreed to buy trucking brokerage firm RXO in a deal centered around a bet that artificial intelligence can help the companies improve efficiency in a challenging freight market.”
Bloomberg — CH Robinson to Buy RXO in $5.8 Billion Logistics Deal“CH Robinson Worldwide Inc. agreed to buy trucking brokerage firm RXO Inc. in a deal centered around a bet that artificial intelligence can help the companies improve efficiency in a challenging freight market.”
Bloomberg — CH Robinson to Buy RXO for $5.8 Billion in Bet on AI Model“<p>If approved, the deal would grow C.H. Robinson's network density and bring RXO's brokerage, expedited and last-mile services into the fold.</p>”
supply chain dive — CH Robinson to buy RXO for $5.8B, combining 3PL heavyweights
SupportCorroborates it
“C.H. Robinson stock fell about 9%, even as RXO soared.”
IBD — Trucking Stock RXO Shoots Up 25% On $5.8 Billion Merger Offer For Rival
Earlier versions
- Oct 5, 11:14 AM — CH Robinson to Buy Freight Broker Firm RXO in $5.8 Billion Deal (1/1)