XPO to Split Transport, Logistics Businesses into two Separate Companies
XPO Logistics Inc plans to spin off XPO's transportation and logistics businesses into two separate companies: XPO's North American and European less-than-truckload (LTL) and truckload brokerage business. This is according the founder, chairman and CEO of the company and his board of directors. For now, it will be called XPORemainCo. The new company consists of XPO’s North American and European logistics units, called NewCo. Therefore, the permanent names for each…