Originally published at: BREAKING: C.H. Robinson acquiring RXO - FreightWaves
In a move that may have been foreshadowed by strong upward stock movement Thursday and Friday, C.H. Robinson, the country’s biggest 3PL, is getting a lot bigger by acquiring RXO. The transaction was announced Monday morning. RXO’s (NYSE: RXO) stock price had risen sharply Thursday and Friday, with it rising Friday by $2.02, a gain…