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XPO Logistics CEO is open to spinning off up to four business units

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XPO Logistics is testing the waters to unlock more value by breaking off as many as four of its business units, CEO Bradley Jacobs told CNBC Wednesday.

Wall Street is undervaluing the global logistics company and the four segments will stand better alone as smaller pure plays, he said in a “Mad Money” interview with Jim Cramer.

“Now, we’re not interested in selling LTL — we’re not marketing LTL and we’re not marketing the whole company — we’re marketing [these] four businesses: North American and Europe, transpiration and logistics,” Jacobs revealed. “What we’re doing proactively, I think, is the best way to create a significant amount of value in the stock [by] holding auctions and…



Source cnbc.com

US Producer Price Index PPI December 2019

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