Noncompetes In Freight Brokerage | Episode 360

Uh, CH buying.

I did read it in

my mind.

Yep.

Uh, Yeah, that's a big one, man.

Let's see if I got it.

It was in our newsletter yesterday, so I should be able to pull up and I'll just read this out.

I always love like I saw two newsletters today that came out with the news and I'm like, hey, that was in ours yesterday.

So that's a reminder for you guys.

Make sure to subscribe to our newsletter because we put out a newsletter every Tuesday and Thursday.

I'll read it for you here.

There's Dean's Update.

Here we go.

Freight brokerage world just got a lot more concentrated.

That's kind of the theme of this year is acquisitions.

But C.H. Robinson announced Monday, so that would be October 5th, it's buying RXO in a cash and stock deal valued at $5.8 billion.

Wow.

creating a combined company worth more than $25 billion.

So as you guys know, CH was already the largest brokerage in the country, and now it's getting even bigger.

RxO shareholders get $30.25 per share, about $17.25 in cash, plus a slice of CH Robinson stock.

A 29% premium over Friday's close and will own roughly 11% of the new company.

Both boards signed off unanimously.

RxO's biggest shareholders are on board, and the deal is expected to close in the first half of 2027, pending regulatory and shareholder approval.

C.H. Robinson is funding the cash portion with new debt and will fold RxO mostly into its North American surface transportation division.

the pitch two big truckload brokerage and managed transportation shops get bigger and denser together while ch robinson's global forwarding pairs up with rxo's expedited and last mile business the real headline number is 300 million in annual cost savings within two years which ch robinson says it'll squeeze out by running its lean ai playbook across rxo's operations The translation for anyone on the RxO side, expect a heavy focus on productivity, shared services, and cutting what overlaps.

Uh, CH buying.

I did read it in

my mind.

Yep.

Uh, Yeah, that's a big one, man.

Let's see if I got it.

It was in our newsletter yesterday, so I should be able to pull up and I'll just read this out.

I always love like I saw two newsletters today that came out with the news and I'm like, hey, that was in ours yesterday.

So that's a reminder for you guys.

Make sure to subscribe to our newsletter because we put out a newsletter every Tuesday and Thursday.

I'll read it for you here.

There's Dean's Update.

Here we go.

Freight brokerage world just got a lot more concentrated.

That's kind of the theme of this year is acquisitions.

But C.H. Robinson announced Monday, so that would be October 5th, it's buying RXO in a cash and stock deal valued at $5.8 billion.

Wow.

creating a combined company worth more than $25 billion.

So as you guys know, CH was already the largest brokerage in the country, and now it's getting even bigger.

RxO shareholders get $30.25 per share, about $17.25 in cash, plus a slice of CH Robinson stock.

A 29% premium over Friday's close and will own roughly 11% of the new company.

Both boards signed off unanimously.

RxO's biggest shareholders are on board, and the deal is expected to close in the first half of 2027, pending regulatory and shareholder approval.

C.H. Robinson is funding the cash portion with new debt and will fold RxO mostly into its North American surface transportation division.

the pitch two big truckload brokerage and managed transportation shops get bigger and denser together while ch robinson's global forwarding pairs up with rxo's expedited and last mile business the real headline number is 300 million in annual cost savings within two years which ch robinson says it'll squeeze out by running its lean ai playbook across rxo's operations The translation for anyone on the RxO side, expect a heavy focus on productivity, shared services, and cutting what overlaps.