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$700M investment boosts XPO Logistics' targetsvisit|article-5757191|mobile_home_category_body-1685|4

2014-09-16 23:09:16| Logistics - Topix.net

Greenwich-based XPO Logistics, one of the fastest growing providers of transportation logistics in North America, announced last week that it received $700 million in investments, in a deal that the company expects will vastly accelerate growth. The investment comes from PSP Investments, GIC, Singapore's sovereign wealth fund and Ontario Teachers' Pension Plan, and is scheduled to be completed on Wednesday, at which time the new investors would hold about 22 percent of XPO's common stock.

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