C.H. Robinson acquires RXO for $300M in synergies
C.H. Robinson’s acquisition of RXO marks the largest truck brokerage M&A in history, anchored by $300 million in projected synergies. Analysts note the deal’s $1-per-share break fee signals minimal risk of competing bids, while the pro forma valuation stands at 10x EBITDA. With U.S. truckload brokerage outsourcing at just 25% to 30%, the market remains in “the middle innings” of growth. Several billion-dollar logistics firms—including Redwood Logistics and Mode—are expected to trade within 24 months. International players like DSV, underrepresented in North America post-Schenker, may enter. Mid-market consolidation is anticipated to accelerate fastest.