Brad Jacobs will split his baby.
The founder, chairman and CEO of $17 billion a year transport and logistics giant XPO Logistics Inc. (NYSE:XPO) and his board of directors said late Wednesday that they plan 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 businesses, which will be called XPORemainCo, and a newly created company, comprised of XPO’s North American and European...
https://www.freightwaves.com/news/breaking-news-xpo-to-split-transport-logistics-businesses