XPO losses increase to $246 million
XPO Logistics has seen losses increase to $245.9 million in 2015 from $107.4 million in 2014, following acquisitions of Norbert Dentressangle and Con-way. XPO spent $3.5 billion acquiring Norbert Dentressangle in June and $3 billion on Con-way in October. In the fourth quarter, losses attributable to common shareholders increased from $51.5 million in 2014 to […]
XPO Logistics acquisition of Con-way confirmed
XPO Logistics has confirmed its acquisition of Con-way, the third deal of 2015, having bought UX Specialized Logistics in February and Norbert Dentressangle in June. XPO announced its intention to acquire Con-way on 9 September for $3 billion and will cover all of Con-way’s operations, Con-way Freight, Menlo Logistics, Con-way Truckload and Con-way Multimodal. XPO […]