default_image
© Khunaspix Dreamstime.

XPO Logistics has acquired the operating assets of Turbo Logistics, Inc., the freight brokerage division of Ozburn-Hessey Logistics, LLC (OHL). The cash purchase price was $50 million, excluding any working capital adjustments, with no assumption of debt. The acquisition is expected to be immediately accretive to earnings.

Comment on this article


You must be logged in to post a comment.

    Topics