News / XPO Logistics builds $2bn war chest as logistics acquisition hunt gathers pace

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XPO Logistics is in advanced talks to buy one or more large North American logistics providers, after securing a large tranche of funding through equity investors.

Two Canadian pension funds, PSP Investments and the Ontario Teachers’ Pension Plan (OTPP) – which has been active in investing in the container terminal sector – have joined with Singapore’s sovereign wealth fund GIC to invest $700m in North America’s fastest-growing logistics provider.

XPO Logistics chief executive Brad Jacobs told The Loadstar that the primary motivation ...