XPO acquires Covered Logistics

3PLs

Thursday, February 28, 2013

XPO Logistics has completed its second acquisition in as many weeks, purchasing the logistics firm Covered Logistics & Transportation for $8 million in cash and $3 million in XPO stock. The company will be rebranded as XPO, but current management will stay in place. In mid-February, XPO purchased East Coast Air Charter for $9.25 million, part of its move to expand into air charter services. In total, XPO has purchased six companies in the pa...

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