RXO spinoff from XPO (November 2022)
XPO Logistics spun off its truck brokerage business as RXO in November 2022, creating a standalone Fortune 1000 company. The spinoff separated XPO's less-than-truckload and brokerage operations to unlock shareholder value.
RXO began trading on the NYSE as an independent company.
RXO operated independently for nearly four years before agreeing to be acquired by C.H. Robinson.
The company being acquired was itself created by a major corporate restructuring just four years earlier, showing how quickly logistics assets change hands.
