XPO Announces Spinoff of LTL, Brokered Transportation

The spinoff business would encompass XPO’s best-in-class, tech-enabled truck brokerage platform and complementary services for last-mile logistics, managed transportation and global forwarding.

March 21, 2022

Xpo Logistics Truck

XPO Logistics

XPO announced plans to spinoff its tech-enabled brokered transportation services to its shareholders, transforming the remaining business into a pure-play less-than-truckload (LTL) company.

The spin-off will separate XPO into two publicly traded transportation powerhouses in North America.

From XPO:

XPO expects to divest its European business and North American intermodal operation to simplify its transportation service offering.
The planned spin-off will create two focused, publicly traded companies at the top of their industries. For instance, the LTL business would become a pure-play industry leader — the third largest provider of domestic and cross-border LTL shipping in North America.
The spinoff business would encompass XPO’s best-in-class, tech-enabled truck brokerage platform and complementary services for last-mile logistics, managed transportation and global forwarding.
XPO currently expects to complete the spin-off in the fourth quarter of 2022.

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