Transport Topics (March 28, 2022)
XPO Logistics announced March 25 it has sold its North American intermodal business to STG Logistics, a Chicago-based provider of import-export and value-added warehouse logistics services, for a cash price of $710 million. Last year, XPO\u2019s intermodal division generated $1.2 billion in revenue as it provided rail brokerage and drayage services at 48 locations with an estimated 700 employees. Those employees are expected to join STG Logistics as part of the sale.\nLearn more about your ad choices. Visit podcastchoices.com/adchoices