CH Robinson CEO Sees Freight Consolidation
CH Robinson Worldwide expects more consolidation among US freight brokers as rising diesel prices pressure smaller operators. CEO Dave Bozeman noted the trend following the RXO acquisition.
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C.H. Robinson Worldwide agreed to buy RXO for $5.8B, betting scale will dominate the United States freight sector. The deal follows mounting pressure on smaller operators as fuel expenses surge. Smaller carriers face severe stress from rising transport overhead, driving industry consolidation.
