Transport Topics (March 28, 2022)

An episode of the Transport Topics podcast, hosted by Transport Topics, titled "Transport Topics (March 28, 2022)" was published on March 28, 2022 and runs 3 minutes.

March 28, 2022 ·3m · Transport Topics

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Summary

XPO Logistics announced March 25 it has sold its North American intermodal business to STG Logistics, a Chicago-based provider of import-export and value-added warehouse logistics services, for a cash price of $710 million. Last year, XPO’s intermodal division generated $1.2 billion in revenue as it provided rail brokerage and drayage services at 48 locations with an estimated 700 employees. Those employees are expected to join STG Logistics as part of the sale. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Episode Description

XPO Logistics announced March 25 it has sold its North American intermodal business to STG Logistics, a Chicago-based provider of import-export and value-added warehouse logistics services, for a cash price of $710 million. Last year, XPO’s intermodal division generated $1.2 billion in revenue as it provided rail brokerage and drayage services at 48 locations with an estimated 700 employees. Those employees are expected to join STG Logistics as part of the sale. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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