Just three weeks after announcing the purchase of Con-way Inc., XPO Logistics says they’re considering selling off its truckload division.
According to a report by the Wall Street Journal, XPO says they’ve received several unsolicited offers to buy Con-way Truckload, and are currently weighing their options.
XPO’s Chief Executive Officer, Bradley Jacobs, told reporters “We have made no decision yet on whether or not to keep Con-way Truckload. It’s true we have received several unsolicited inbound calls from interested buyers but we haven’t decided.”
Con-Way truckload currently accounts for 11% of Con-Way’s overall revenue, approximately $632 million dollars annually.
XPO announced the purchase Con-Way Inc. in September for approximately $3.5 billion dollars. The deal is expected to close later this quarter.