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Benzinga
Benzinga
Business
Rachit Vats

XPO Logistics to Split Company Into Two And Divest These Units To Unlock Value For Investors

XPO XPO Logistics NYSE XPO Logistics Inc

XPO Logistics Inc (NYSE: XPO) said on Tuesday it plans to split its key North American business units into two publicly traded units and aims to divest its European business and North American intermodal operation, a move that it says will unlock value for investors.

What Happened: The trucking and freight brokerage company said the spinoff will help it focus on the less-than-truckload (LTL) business that caters to smaller shipments.

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