News / STG Logistics to pay $710m to acquire XPO's intermodal arm

The forthcoming break-up of the rump XPO Logistics is set to continue as the company revealed it was selling its intermodal arm to US freight group STG Logistics (formerly known as St George Logistics) for $710m.

The sale, tipped by Premium yesterday, is part of XPO’s plans to spin-off its freight brokerage unit from its less-than-truckload operations, which also include the sale of the intermodal operations and possible sale or IPO of its European arm.

Brad Jacobs, chairman and CEO of XPO ...