C.H. Robinson agreed to acquire freight broker RXO in a transaction valued at $5.8 billion, its largest deal to date. Reuters said the combined company would have about $25 billion in annual revenue and a broader network spanning truck brokerage and last-mile delivery.

The companies expect about $300 million in annual cost synergies within two years of closing. The transaction is targeted for the first half of 2027 and remains subject to shareholder and regulatory approvals.

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