XPO Logistics considers sale of freight forwarding unit

BLOOMBERG reports:

XPO Logistics Inc. is considering a sale of its freight-forwarding unit as it continues to pursue divestitures, according to people with knowledge of the matter.

The unit could be valued in a deal at $400 million to $600 million, said one of the people, who asked not to be identified because they weren’t authorized to speak publicly. XPO is working with an adviser to run an auction process for the unit, said the people.

The unit, which performs tasks including documentation ...