January 15, 2020 / 9:42 PM / a month ago

XPO Logistics considering sale or spin-off of business units

Jan 15 (Reuters) - XPO logistics Inc said on Wednesday it was considering a possible sale or spin-off of one or more of its business units, sending shares of the warehousing and last-mile delivery provider up 10% in extended trading.

The company said it had not yet decided which business units to sell or spinoff, but made it clear it was not considering a sale of its North American less-than-truckload unit. (Reporting by Uday Sampath in Bengaluru; Editing by Arun Koyyur)

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