News / XPO splits in two, with contract logistics division listed separately on NYSE

XPO Logistics has announced plans to separate its business into two and spin off its contract logistics operations into a separately listed company.

The announcement follows a strategic review of its corporate structure that launched in January.

As spokesperson told The Loadstar the review had two main aims: how to improve the group operationally; and how to create greater equity value.

“For a while, we couldn’t understand how many of our peers, great companies though they are, were trading at multiples of 15x, 16x ...