Deals
XPO-Spinoff GXO Logistics Is Said to Explore Potential Sale
- GXO working with advisers after getting inbound interest
- Logistics firm’s market cap has slipped to $6.1 billion
This article is for subscribers only.
GXO Logistics Inc., the supply-chain services provider that spun off from trucking company XPO Inc. in 2021, is exploring a sale, according to people familiar with the matter.
The Greenwich, Connecticut-based company is working with financial advisers, said the people, who asked to not be identified because the details aren’t public. The company began to review its options after receiving interest from potential buyers, said one of the people.