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The Greenwich firm intends to structure the spinoff as a transaction that is tax-free to XPO shareholders and would result in XPO shareholders owning stock in both companies.
Distribution center jobs – the largest portion of the recruitment program – represent approximately 8,000 positions across the U.S.
“The transportation industry continues to be invaluable to supply U.S. citizens as they are sheltered and will be invaluable as we return to economic normalcy," said Federal Maritime Commission Commissioner Carl Bentzel.