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CH Robinson to Buy RXO for $5.8B in Bet on AI Model

CH Robinson 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. Through a cash-and-stock transaction valued at about $5.8 billion, CH Robinson aims to diversify its business and capitalize on RXO’s abilities in expedited and last-mile delivery. CH Robinson, which has been using AI to transform its operations to become leaner, intends to use the system to extract $30…

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BloombergLean L·1h ago
CH Robinson to Buy RXO for $5.8B in Bet on AI Model
CH Robinson 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. Through a cash-and-stock transaction valued at about $5.8 billion, CH Robinson aims to diversify its business and capitalize on RXO’s abilities in expedited and last-mile delivery. CH Robinson, which has been using AI to transform its operations to become leaner, intends to use the system to extract $30…
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CH Robinson to Buy RXO for $5.8B in Bet on AI Model

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CH Robinson to Buy RXO for $5.8B in Bet on AI Model

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