XPO Logistics Inc. (NYSE: XPO) said Tuesday that it has chosen RXO for the name of the company it plans to spin off later this year.
Greenwich, Connecticut-based XPO plans to spin off its truck brokerage, final-mile and managed transportation businesses by the end of 2022. It is looking to sell its freight forwarding business, which was originally part of the spinoff. It also plans to either sell or publicly list its European operations.
When the spinoff, sales or listings are complete, XPO will...
https://www.freightwaves.com/news/xpo-factors-reliability-into-name-of-spinoff