XPO Logistics’ Intermodal Business Sold to STG Logistics

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XPO Logistics’ Intermodal Business Sold to STG Logistics
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The deal will generate about $710 million in cash for XPO.

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XPO said there is no assurance that the planned fourth quarter 2022 spin-off will occur “or, if it does occur, of its terms or timing.”

“We’ve completed a key step in preparing for our planned spin-off when we’ll separate XPO into two publicly traded leaders in less-than-truckload transportation and tech-enabled brokered transportation services,” Jacobs said.

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