The CEO of XPO Logistics, Brad Jacobs, said, "This divestiture simplifies our business model and moves our capital structure closer to investment-grade — two priorities in our strategic plan to unlock significantly more value for our stakeholders. We've completed a key step in preparing for our planned spin-off, when we'll separate XPO into two publicly traded leaders in less-than-truckload transportation and tech-enabled brokered transportation services."