These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. However, the absence of these words does not mean that the statements are not forward-looking. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target,” “trajectory” or the negative of these terms or other comparable terms. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to the planned spin-off and divestitures, the expected timing of the transactions and the anticipated benefits of the transactions. Visit xpo.com and for more information, and connect with XPO on Facebook, Twitter, LinkedIn, Instagram and YouTube. The company’s global network serves 50,000 shippers with approximately 727 locations and 41,000 employees, and is headquartered in Greenwich, Conn., USA. XPO uses its proprietary technology, including the cutting-edge XPO Connect® automated freight marketplace, to move goods efficiently through supply chains. XPO Logistics, Inc. (NYSE: XPO) is a leading provider of freight transportation services, primarily truck brokerage and less-than-truckload (LTL). There can be no assurance that the planned fourth quarter 2022 spin-off will occur or, if it does occur, of its terms or timing. served as financial advisor to XPO for the transaction, and Wachtell, Lipton, Rosen & Katz served as legal advisor. XPO will update its guidance to reflect the divestiture when the company reports its first quarter 2022 financial results. We’ve completed a key step in preparing for our planned spin-off, when we’ll separate XPO into two publicly traded leaders in less-than-truckload transportation and tech-enabled brokered transportation services.” The divested operations provide rail brokerage and drayage services 48 locations and approximately 700 employees have transferred to the buyer in the transaction.īrad Jacobs, chairman and chief executive officer of XPO Logistics, said, “This divestiture simplifies our business model and moves our capital structure closer to investment-grade - two priorities in our strategic plan to unlock significantly more value for our stakeholders. The intermodal unit, which XPO has reported as part of its Brokerage and Other Services segment, generated $1.2 billion of revenue in 2021. for cash proceeds of approximately $710 million, subject to a customary post-closing purchase price adjustment. (NYSE: XPO) today announced that it has divested its North American intermodal business to STG Logistics, Inc. Please read more on our technical analysis and fundamental analysis pages.$710 million divestiture advances XPO’s strategic plan to create two pure-play, publicly traded companies through a spin-off later this year Understanding these patterns can help to make the right decision on long term investment in Singularity Future. We offer a historical overview of the basic patterns found on Singularity Future Financial Statements. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. The changes in Singularity Future's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Singularity Future's income statement, which results in the company's gains or losses. Although Singularity Future investors may use each financial statement separately, they are all related. Singularity Future investors use historical funamental indicators, such as Singularity Future's Goodwill and Intangible Assets, to determine how well the company is positioned to perform in the future. These documents include Singularity Future income statement, its balance sheet, and the statement of cash flows. There are typically three primary documents that fall into the category of financial statements.
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