XPO has resumed efforts to sell its European transportation unit, according to a report from Bloomberg. The company had initially paused the plan at the end of 2022 due to weakening capital markets in Europe. However, the board's authorization to divest the unit remained in place, making this renewed push unsurprising. XPO had previously indicated that the sale was "not a matter of if, but when" during its first-quarter earnings call. The potential divestiture might also involve a public listing on a European stock exchange. This sale would mark the final step in a broader strategy initiated in 2020 to break up XPO’s business units, leaving the company as a focused, less-than-truckload (LTL) carrier. XPO’s European business generated $3.1 billion in revenue and $167 million in adjusted EBITDA over the 12 months ending June 30. According
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