XPO Logistics (XPO) to Acquire Con-way (CNW) for $47.60/Share

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XPO Logistics to Acquire Con-way

September 9, 2015 4:32 PM EDT

XPO will become the second largest provider of less-than-truckload (LTL) services in North America, and will expand its global contract logistics platform

$3.0 billion transaction will increase XPO's revenue to $15 billion and will nearly double EBITDA to $1.1 billion

Transaction is expected to be substantially accretive to XPO's earnings in the first... More