RXO, Inc.

C.H. Robinson Worldwide, Inc. announced it will acquire RXO, Inc. in a stock-and-cash transaction valued at $5.8 billion, creating a combined company with an enterprise value exceeding $25 billion. The deal is expected to generate $300 million in net run-rate cost synergies within two years post-close by leveraging C.H. Robinson's Lean AI operating model. RXO shareholders will receive $17.25 in cash and 0.0856 shares of C.H. Robinson common stock per RXO share, with options for all cash or all stock, subject to proration. The transaction is anticipated to be accretive to C.H. Robinson's adjusted EPS and is expected to close in the first half of 2027.

RXO reported Q2 2026 revenue of $1.77 billion, a 25.0% increase year-over-year, while net loss remained flat at $(9) million. For the first half of 2026, revenue grew to $3.20 billion, but net loss widened to $(45) million. The company completed a significant debt refinancing, entering into a new ABL Facility and issuing $400 million in 6.375% Notes due 2031, which allowed for the redemption of its 7.50% Notes due 2027. RXO also incurred $14 million in restructuring charges and settled two legal misclassification claims for immaterial amounts.

RXO, Inc. reported strong second-quarter 2026 results, with revenue increasing to $1.8 billion and adjusted diluted EPS rising to $0.06. The company achieved profitable volume growth across its business, outperforming the market in Brokerage with a 2% year-over-year volume increase and an 11% sequential rise in gross profit per load. Complementary Services also performed well, and RXO anticipates continued positive trends in Brokerage for the third quarter.

RXO, Inc. reported a net loss of $(36) million for the first quarter of 2026, an increase from $(31) million in the prior year, while revenue slightly decreased to $1,425 million. The company incurred an $11 million debt extinguishment loss from redeeming its 7.50% Notes due 2027. RXO also issued $400 million in new 6.375% Notes due 2031 and established a new $450 million asset-based revolving credit facility.

RXO reported a Q1 2026 GAAP net loss of $36 million, an increase from $31 million in Q1 2025, with adjusted EBITDA falling to $6 million from $22 million year-over-year. Despite the weaker financial results, the company saw positive operational trends, including sequential improvement in full truckload volume and a 500 basis point increase in Brokerage truckload spot mix. RXO also refinanced its 2027 Senior Notes and anticipates significant sequential improvement in Q2 2026, with adjusted EBITDA projected between $27 million and $37 million.