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Landstar Completes Sale of Supply Chain Companies to XPO Logistics
2013-12-30 06:00:00| Industrial Newsroom - All News for Today
JACKSONVILLE, Fla. - (NASDAQ-LSTR) Landstar System, Inc., a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation logistics services, announced today that it has completed the previously announced sale of its Michigan-based supply chain subsidiaries ("LSCS") to XPO Logistics, Inc. ("XPO") for $87.0 million in cash.<br /> <br /> Commenting on the transaction, Landstar Chairman, President and CEO Henry Gerkens said, "We are ...
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Category:Industrial Goods and Services