XPO-Spinoff GXO Logistics Is Said to Explore Potential Sale (2)

GXO Logistics Inc., the supply-chain services provider that spun off from trucking company XPO Inc. in 2021, is exploring a sale, according to people familiar with the matter.

The Greenwich, Connecticut-based company is working with financial advisers, said the people, who asked to not be identified because the details aren’t public. The company began to review its options after receiving interest from potential buyers, said one of the people.

No final decision has been made and GXO could opt to remain independent. A representative for GXO declined to comment.

Shares in GXO rallied 8.3% in premarket trading on Thursday ...