Honeywell to explore options for transportation, logistics businesses

Investing.com -- Honeywell (NASDAQ: HON) said Tuesday it will evaluate strategic alternatives for two of its businesses that serve the transportation and logistics industries as the company prepares for its planned three-way split.

The company is reviewing its ‘Productivity Solutions and Services’ and ‘Warehouse and Workflow Solutions’ businesses to further simplify its portfolio.

This comes ahead of its planned separation into standalone aerospace, automation, and advanced materials units, expected to be completed by next year.

The company has been actively streamlining its operations as part of its preparation for the split.

On Tuesday, Honeywell appointed Jim Masso as the president and CEO of Honeywell Process Automation, with his role becoming effective July 14.

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