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SEARCHXPO Logistics Inc. announced that it has completed its previously announced acquisition of NLM from Landstar System Inc. The company funded the $87 million cash transaction through its ABL facility and available cash, including approximately $13.4 million of cash acquired on closing.
XPO Logistics Inc. announced that it has completed its previously announced acquisition of NLM from Landstar System Inc. The company funded the $87 million cash transaction through its ABL facility and available cash, including approximately $13.4 million of cash acquired on closing.
A second technology product, A3i, was included in the transaction.
The company has rebranded the NLM operations as XPO NLM, and has created a transition for customers and carriers to the new portal www.xponlm.com.
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