Reported about 2 months ago
XPO has resumed its efforts to sell its European transportation unit, which generated $3.1 billion in revenue over the past year and is estimated to be valued at about $2 billion. The company had originally paused the sale due to unfavorable market conditions in late 2022, but it is now pursuing divestiture as part of a long-term strategy to streamline its operations and enhance shareholder value.
Source: YAHOO