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XPO Names Its Logistics Spin-off "GXO Logistics"

TheMotleyFool

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XPO Names Its Logistics Spin-off "GXO Logistics"Photo, wide shot, wide-angle lens, Construction equipment, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.midjourneyapi.xyz/temp/96af5505-e3c8-4496-bbb7-e4a5eba91e77.png

XPO Logistics (NYSE: XPO) has filed the initial paperwork to complete the planned spin-off of its logistics operations in the second half of the year and unveiled the planned name for the spin.

If all goes according to plan, the new "GXO Logistics" will trade as an independent company sometime before year's end. The company in a statement announcing the name said that the letters are meant to stand for "the game changing opportunities we're bringing to the table," with a nod to its XPO heritage.

Image source: XPO Logistics.

Source Fool.com

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