XPO Logistics sells Con-way trucking business to TransForce for $558m

After spending the last year or so explaining to investors why it had decided to become an asset owner and operator after its acquisitions of Norbert Dentressangle and Con-way, XPO Logistics now appears to have made a 180-degree turn with the sale of Con-way’s trucking unit to Canada’s largest haulage company, Transforce. For its part, the Canadian firm appears on the brink of a relishing a long-cherished dream of breaking into the US market. XPO has said it will use the proceeds to pay down its debt pile. The Loadstar will be interviewing XPO chief executive Bradley Jacobs later today and publish an analysis on Monday, but in the meantime, this Wall St Journal article tells you all you need to know.