Transport Topics (Aug. 3, 2021)
XPO Logistics Inc. on Aug. 2 completed its previously announced spinoff of GXO Logistics Inc., creating two independent, publicly traded companies. Going forward, XPO will offer primarily less-than-truckload transportation and truck brokerage services, while GXO will provide contract logistics services. XPO CEO Brad Jacobs and company executives were on hand to ring the NYSE opening bell on GXO’s first day of trading.