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C.H. Robinson to Acquire RXO for $5.8 Billion

Sourcing Journal ·

RXO
RXO RXO Inc
$28.36 -0.63%
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  1. 1C.H. Robinson is investing $5.8 billion to acquire RXO.
  2. 2RXO's annual last-mile delivery volume of over 11 million shipments targets retail and e-commerce companies.
  3. 3CEO Dave Bozeman stated that limited customer overlap between the two companies will help diversify revenue streams.

So what's the key point?

C.H. Robinson has decided to purchase RXO for $5.8 billion. Because the two companies have different customer bases, they can create more diverse ways to generate revenue.

Source Sourcing Journal · View original ↗

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