XPO Logistics Inc. is exploring the sale of its North American freight forwarding unit in a transaction that could be valued between $400 million to $600 million, according to a published report that was confirmed independently.
Bloomberg first reported the story late on Friday. FreightWaves subsequently received confirmation from people familiar with the matter.
The freight forwarding unit is part of a collection of four assets that XPO (NYSE: XPO) plans to spin off into a separate company...
https://www.freightwaves.com/news/xpo-considering-sale-of-freight-forwarding-business