RXO Inc.

Money Moves

Acquisition target

C.H. Robinson agreed on Oct. 5 to buy RXO for $5.8 billion in cash and stock, combining the No. 1 and No. 3 U.S. truck brokers into a company with an enterprise value above $25 billion. C.H. Robinson says applying its "Lean AI" operating model to RXO will produce about $300 million in annual savings within two years of closing.

Updated Oct 25