CH Robinson to acquire RXO in $5.8bn deal as CMA CGM completes FedEx logistics takeover
CH Robinson announced plans to acquire RXO in a transaction valued at $5.8 billion on an enterprise basis, pending completion of the deal.
In related logistics activity, CMA CGM finalized a $1.4 billion acquisition of FedEx’s contract logistics business, and Gemini Cooperation, a partnership of Maersk and Hapag‑Lloyd, will reroute its Asia‑Med Loop 1 next month.