3 Things You Should Know About XPO Logistics' New Spinoff
The big day is almost here. On Aug. 2, XPO Logistics (NYSE: XPO) will split into two companies. The contract logistics part of the business will be renamed GXO Logistics, while the transportation portion, which includes the less-than-truckload business, the freight brokerage, and the last-mile delivery business will remain with XPO.
The company has previously argued that the spinoff offers a number of advantages, including that it would make it easier for Wall Street to understand and value the businesses as separate entities; each one can pursue acquisitions with their own debt and equity as it best sees fit; and equity compensation will better reflect the performance of the underlying business.
As the separation nears, GXO's management shared some key points with investors at its Investor Day conference on July 13. Keep reading for three of the biggest highlights from the presentation.
Source Fool.com
