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XPO also reported that its revenue increased to $3.23 billion for the second quarter.
The website RXO.com is now online.
The companies are aiming for zero net emissions from their new collaboration.
The still-unnamed spin-off is slated to launch in the fourth quarter.
"I would not want to have Jay Powell's job," he said.
Customers can apply carbon credits to eco-friendly initiatives.
The spinoff is expected to be completed in the fourth quarter.
XPO plans for 900 LTL doors by year-end 2023.
"We're the magic dust," says Mark Manduca, chief investment officer of the months-old Greenwich firm.
Beginning on or about July 22, and expected to continue up to Aug. 2, there will be two markets in XPO common stock on the NYSE: a “regular-way” market and an “ex-distribution” market.