The company has 662 locations and more than 42,000 customers. XPO said the deal will more than triple its earnings run rate to approximately $545m, and increase its revenue to around $8.5bn. The two companies offer complementary services and coverage areas, XPO said, adding that the acquisition will allow for widespread cross-selling to an established base of multinational companies. In addition, XPO gains access to a fleet of 7,799 owned trucks, 3,200 trucks contracted through owner-operators, and an additional 12,000 independent carriers. The transaction is valued at $3.53bn and is expected to close in the second quarter of 2015. XPO's services include contract logistics, freight brokerage and global forwarding.
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