XPO Logistics Cuts 190 Positions To Streamline Operations

By Markets MarketWatch Pulse

XPO Logistics Inc. late Friday said it eliminated 190 positions, affecting less than 1% of the workforce, primarily to address redundancies with its acquisition of Con-way Inc. last year, The move is expected to cut costs by $20 million annually and boost operating profit by at least $170 million over two years. Shares of XPO were unchanged in extended trading after surging 7.9% during the regular session.

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