Executive Briefings

XPO Logistics Wraps Up Acquisition of 3PD Holding

XPO Logistics Inc. has completed its acquisition of 3PD Holdings, Inc. XPO is a provider of transportation and logistics services in North America, offering freight brokerage, last-mile logistics, expedited transportation and freight forwarding.

XPO Logistics Wraps Up Acquisition of 3PD Holding

3PD specializes in the handling of heavy goods and last-mile logistics. It focuses on small and mid-sized shippers, matching them up with carriers on a transactional basis. The deal is valued at approximately $365m. XPO said it financed the acquisition with the proceeds of its recent $220.5m public offering of common stock, together with cash on hand. XPO chairman and chief executive officer Bradley Jacobs called the heavy goods and last-mile sector "an under-penetrated market for logistics with an exciting growth trajectory." XPO claims relationships with more than 22,000 ground, sea and air carriers, serving customers in the manufacturing, industrial, retail, commercial, life sciences and government sectors.

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3PD specializes in the handling of heavy goods and last-mile logistics. It focuses on small and mid-sized shippers, matching them up with carriers on a transactional basis. The deal is valued at approximately $365m. XPO said it financed the acquisition with the proceeds of its recent $220.5m public offering of common stock, together with cash on hand. XPO chairman and chief executive officer Bradley Jacobs called the heavy goods and last-mile sector "an under-penetrated market for logistics with an exciting growth trajectory." XPO claims relationships with more than 22,000 ground, sea and air carriers, serving customers in the manufacturing, industrial, retail, commercial, life sciences and government sectors.

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XPO Logistics Wraps Up Acquisition of 3PD Holding