XPO Logistics finalises spin-off of GXO Logistics


 

XPO Logistics has completed its spin-off of GXO Logistics, creating two independent companies. The division sees XPO continue as a provider of freight transportation services, less-than-truckload transportation and truck brokerage services, whilst GXO will become what XPO claims is “the largest pure-play contract logistics provider in the world”. The new business has been launched to focus on the growth in e-commerce and omnichannel retail and the shift toward outsourcing supply chain services. Malcolm Wilson, former chief executive of XPO Logistics […]