Transport Topics (March 19, 2021)
XPO Logistics has selected GXO Logistics as the name of the stand-alone logistics company it will spin off later this year. According to XPO Logistics CEO Brad Jacobs, the letters stand for “the game-changing opportunities we’re bringing to the table.” Once the spinoff is complete, GXO will stand as an independent public company, and XPO will continue operating the current entity’s asset-based and brokerage divisions.
