XPO Logistics opts for break-up

December 2, 2020 by Choice Aviation Services0Air Cargo

PRESS RELEASE 
XPO Logistics Announces Plan to Spin Off Logistics Segment to Its Shareholders

Separation of logistics and transportation businesses would create two pure-play industry powerhouses

XPO Logistics, Inc. (NYSE: XPO) (”XPO”) today announced that its board of directors has unanimously approved a plan to pursue a spin-off of 100% of its logistics segment as a separate publicly traded company. XPO intends to structure the spin-off as a transaction that is tax-free to …

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