XPO tables strategic review

GREENWICH, Conn. – Global supply chain services provider XPO Logistics has notified the Securities and Exchange Commission that it’s tabling a strategic review that could have led to the sale or spin-off of one or more XPO business units.

In an SEC filing today, the company said: “In light of current market conditions, XPO has terminated the strategic review process.”

The move comes as the COVID-19 outbreak disrupts businesses across all sectors. On Jan. 15, XPO had announced it was opened to exploring selected divestments. Those potential spin-offs would not have included its North American LTL operations.
Source: Furnituretoday