Xpo Logistics Stock News

Shares of XPO stock are flying higher after the company announced two potential spinoffs. Here's what investors should know.

XPO Logistics Inc (NYSE: XPO) shares are up 15% on Wednesday after the American freight transportation firm revealed plans of listing its high-tech truck brokerage segment as a separate publicly trade

CNBC's Frank Holland sits down with XPO Logistics CEO Brad Jacobs to break down the company's plan to spin off its truck brokerage unit into a separate publicly traded company.

[caption caption="XPO’s less-than truckload business will be separated from the brokerage division, which will be spun off, and its intermodal division, which will be sold. Photo credit: Ari Ashe/JOC.com."][/caption]XPO Logistics Tuesday said it is spinning off its North American and European businesses, a move the Connecticut-based company said will result…

XPO Logistics Inc. stock rallied more than 8% in the extended session Tuesday after the logistics company announced plans to split itself into two publicly traded companies, a deal it said would be tax-free to shareholders. One of the companies would encompass XPO''s freight brokerage business, which matches loads from shipping customers to available trucks to carry them, and the other its U.S. trucking business. Its European business and North American intermodal operations would be sold. The company said it expects to complete the spin-off in the fourth quarter of 2022, subject to various conditions, including a final approval of the XPO board of directors. In a presentation to shareholders, XPO pegged 2021 revenue from its freight brokerage company at $4.8 billion, and from the trucking business at $4.1 billion. Shares of XPO ended the regular trading day up 2.7%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

XPO Logistics Inc. plans to split its freight brokerage and North American trucking operations into two publicly traded companies, a full-scale breakup that comes after it separated its contract logistics business last year.

XPO Logistics (XPO) stock rose 7% postmarket after the firm said it intends to separate its brokered transportation services from its less-than-truckload (LTL) business in North…

The transportation giant also plans to sell its intermodal segment and list or sell its European business.

XPO Logistics Inc. said late Tuesday that it will spin off its North American truck brokerage and related businesses and will divest its European operations, moves that will transform the company into

XPO Logistics Inc. XPO, +2.72% stock rallied more than 8% in the extended session Tuesday after the logistics company announced plans to split itself into two publicly traded companies, a deal it said

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With each passing year, more and more industries are switching to applications for convenience and time-saving purposes. The trucking industry is now starting to see more and more shifts toward the sa

Upgrades According to 86 Research, the prior rating for NetEase Inc (NASDAQ:NTES) was changed from Hold to Buy. For the fourth quarter, NetEase had an EPS of $1.56, compared to year-ago quarter EPS o

The acquisition enhances GXO's strengths.

Evercore started off coverage of XPO Logistics (XPO) with an Outperform rating after noting that the company''s plan to improve its fundamentals is showing early signs of success. Read more.