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05.10.26 - 23:24
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C.H. Robinson CEO Dave Bozeman on RXO $5.8B Acquisition (Bloomberg)
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C.H. Robinson is set to acquire RXO's trucking brokerage business in a deal valued at about $5.8 billion. CEO and President Dave Bozeman said the combination would bring together C.H. Robinson's global multimodal, freight brokerage and forwarding operations with RXO's North American brokerage, last-mile and expedited services. He speaks with Scarlet Fu & Hema Parmar on "The Close." (Source: Bloomberg)...
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05.10.26 - 19:25
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CH Robinson to Buy RXO for $5.8B in Bet on AI Model (Bloomberg)
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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 $300 million of cost savings within two years. Lee Klaskow, Bloomberg Intelligence Senior Transport, Logistics and Shipping Analyst says that the $300 million estimate could be conservative. (Source: Bloomberg)...
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05.10.26 - 17:24
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CH Robinson to Buy RXO in $5.8 Billion Logistics Deal (Bloomberg)
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CH Robinson Worldwide agreed to buy trucking brokerage firm RXO in a deal centered around a bet that artificial intelligence can help the companies improve efficiency in a challenging freight market. Liana Baker has more on "Bloomberg Open Interest." (Source: Bloomberg)...
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