XPO Logistics Inc. (NYSE:XPO) will maintain the current name for the transportation company after XPO spins off its logistics business into a separate, publicly traded entity in the second half of the year, the company said.
The action, which wasn’t publicly announced, is considered pro forma because following a spinoff, the remaining entity, which in XPO’s case is the transportation company, typically retains the existing name. The name of the logistics company, GXO Logistics, Inc., was...
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