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Landstar Agrees to Sell Supply Chain Companies for $87. ...
2013-12-11 06:00:00| Industrial Newsroom - All News for Today
JACKSONVILLE, Fla. – (NASDAQ-LSTR) Landstar System, Inc., a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation logistics services, announced today that it has signed a definitive agreement to sell its Michigan-based supply chain subsidiaries ("LSCS") to XPO Logistics, Inc. ("XPO") for $87.0 million in cash.<br /> <br /> The Landstar Board of Directors also has declared a special one-time dividend in the amount of ...
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Category:Industrial Goods and Services