News / XPO Logistics puts European and intermodal up for sale, unveils new spin-off plan

Photo 154735846 © Andreistanescu | Dreamstime.com

Barely half a year since the formal spin-off of GXO Logistics, what remained as the rump XPO Logistics is set to be split up once again.

The US-headquartered company yesterday announced that its less-than-truckload (LTL) would continue to trade as XPO Logistics, with its freight brokerage operations spun off as a newly listed company on the New York Stock Exchange.

The news appeared to be welcomed by investors, with an increase in its share price reversing some worrying recent declines, which according ...