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Cranberry Journal

Tuesday, October 6, 2026

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Markets
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  • Dow51,547.35+0.55%
  • 10-yr yield5.28%−0.60%
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At the close · Oct 6

Trucking

Tagged stories

A white truck cab stands between two empty flatbed trailers in a gravel yard in front of a long warehouse with loading bays, under a blue evening sky.
Business

C.H. Robinson Is Paying $5.8 Billion for RXO. The Price Rests on $300 Million of Savings.

C.H. Robinson agreed on Sunday to buy RXO, the truck broker spun out of XPO in 2022, for about $5.8 billion including debt. Its own slides value the deal at 13.2 times RXO's expected earnings before interest, tax, depreciation and amortisation, but only after $300 million of annual cost savings. Without them the multiple is about 42. C.H. Robinson's shares fell 10.8 per cent on Monday.

By Margaret Holloway  

Two American semi-trucks with refrigerated trailers parked side by side in Arizona, seen from the front.
Business

The Trucking Companies Going Bankrupt Are Small. Diesel Is Paid in Days, Freight in Months.

At least 16 trucking and delivery companies entered bankruptcy between late August and 21 September, FreightWaves found. Seven of them ran six trucks or fewer. Diesel hit a record $6.53 a gallon in the same weeks, but spot freight rates have also risen, from about $2.40 a mile a year ago to $3.42. The squeeze on small carriers is less about the price of fuel than about when they have to pay for it.

By Cory Chamberlain