C.H. Robinson earnings per share rose 28.6% to $1.80 in the third quarter of 2026, as revenue increased 29.5% from a year earlier to $5.4 billion. The logistics company reported the results on October 28 as it prepared for its planned acquisition of RXO.

Key Takeaways

  • Adjusted gross profit rose 14.5% year over year, while North American Surface Transportation volume increased 3.5%.
  • C.H. Robinson expects its RXO acquisition to generate $300 million in annualized net cost synergies within two years after closing.
  • The company intends to pause share repurchases after the transaction closes until it reaches its target leverage ratio.

C.H. Robinson earnings and freight volumes

In its third-quarter earnings summary, C.H. Robinson said volume in its North American Surface Transportation division grew 3.5% year over year, while the Cass Freight Shipment Index declined 0.3% over the same period. The division handles truckload and less-than-truckload freight.

Truckload adjusted gross profit per shipment rose 17% from a year earlier. Chief Executive Officer Dave Bozeman credited the company’s performance in part to revenue management, including repricing contractual truckload business and capturing spot volumes at higher margins.

The North American Surface Transportation operating margin, excluding restructuring costs, was 40.3%, up 110 basis points year over year. Global Forwarding’s operating margin rose 660 basis points to 36.6%. C.H. Robinson returned $289.1 million to shareholders during the quarter.

RXO deal and capital plans

On October 5, C.H. Robinson agreed to acquire RXO in a cash-and-stock transaction with an implied value of $5.8 billion. The company expects approximately $300 million in net annualized cost synergies within two years after closing; those savings are a forecast, not completed results.

C.H. Robinson intends to pause share repurchases after the deal closes until it reaches its target leverage ratio. The company expects the acquisition to close in the first half of 2027, subject to regulatory and RXO shareholder approvals.

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