Moody's says XPO's plan to spin off its logistics operations is credit positive, ratings unaffected
Announcement: Moody's says XPO's plan to spin off its logistics operations is credit positive, ratings unaffected. Global Credit Research- 04 Dec 2020. New York, December 04, 2020-- Moody's Investors Service said that XPO Logistics, Inc.' s announcement that it plans to separate into two companies-- one focused on logistics and the other on trucking/ brokerage-- is credit positive because of expectations of lower financial leverage than XPO has operated with.Norbert Dentressangle is a player in goods transport between the European continent and Great Britain that focuses its operation on transporting fresh produce, fruit, and vegetables from the Rhone valley to big markets in Great Britain, such as Covent Garden in London. Co. structures its business on four types of companies: Logistics operating companies, which provide warehousing and distribution services; Transport operating companies, which provide domestic and international transport services; Freight Forwarding operating companies, which provide goods transport organization services worldwide, by road, sea and air; and Service companies, which provide services to operating companies.
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