XPO Logistics Completes Acquisition of NLM
December 30, 2013
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.