RXO vs. C.H. Robinson: the growing financial divide widens some more

The growing financial gap between RXO and C.H. Robinson, the two largest publicly-traded brokerages who also carry publicly-traded debt, grew more stark this week with an action taken by S&P Global Ratings. A few months after S&P Global raised the debt rating of C.H. Robinson to BBB+, the ratings agency this week put competitor RXO on a negative outlook. The move does not alter RXO’s BB credit rating at S&P Global (NYSE: SPGI). But a negative outlook means that the ratings agency sees conditions with the ...