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Slide #12. XPO Logistics — NLM
Acquirer:
XPO Logistics (NYSE:XPO)
Acquiree:
NLM
Details:
XPO Logistics, Inc. ("XPO Logistics," "XPO" or "the company") (NYSE:XPO) today announced that it has entered into a definitive agreement with Landstar System, Inc. to acquire NLM, the largest provider of web-based expedited transportation management in North America. A second technology product, A3i, is included in the planned acquisition. The acquisition is expected to be immediately accretive to earnings, exclusive of any synergies with the company's existing expedite business.
XPO is a provider of freight transportation services. Co.'s North American Less-than-Truckload (LTL) segment provides its customers with geographic density and day-definite regional, inter-regional and transcontinental LTL freight services, including cross-border U.S. service to and from Mexico and Canada, as well as intra-Canada service. In Co.'s Brokerage and Other Services segment shippers create the truckload demand and Co. places their freight with qualified carriers, pricing its service on either a spot or contract basis, and this segment also includes last mile logistics for heavy goods sold through e-commerce, omnichannel retail and direct-to-consumer channels.
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