XPO completes spin-off RXO
XPO Logistics has completed its spin-off of RXO, creating two publicly traded companies.
XPO remains the leading provider of less-than-truckload logistics in North America, and RXO is the now the fourth largest US truckload broker.
XPO shares will continue to trade on the New York Stock Exchange under ‘XPO’ and RXO has begun ‘regular way’ trading on the NYSE under the symbol ‘RXO’.
The separation of the companies into unique entities completed through a distribution to XPO stockholders of one share of RXO common stock for every one share of XPO common stock held as of the close of business on the record date for the distribution.