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XPO Logistics (NYSE:XPO) is considering a sale of its freight forwarding unit, which may very well be valued in a deal at $400M-$600M, Bloomberg reported after the market shut on Friday.
The unit, which performs duties together with documentation and supplying cargo insurance coverage, might appeal to curiosity from different logistics corporations and personal fairness companies, in line with the report.
XPO (XPO) spun off its contract logistics unit and sold its intermodal business for $710M earlier this yr.
This week, the corporate reported better than expected Q1 adjusted earnings and record quarterly revenues.
