XPO Logistics Announces 8M Share Offering

XPO Logistics, Inc. XPO today announced that it has commenced an underwritten public offering of 8,000,000 shares of its common stock, subject to market and other conditions. XPO expects to grant the underwriters in the offering a 30-day option to purchase up to an additional 1,200,000 shares of its common stock. Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc. will act as joint book-running managers for the offering. XPO intends to use the net proceeds of this offering, together with cash on hand, to finance the previously announced acquisition of 3PD Holding, Inc. ("3PD") and to pay related fees and expenses. If the 3PD acquisition is not completed, XPO will use the net proceeds of the offering for general corporate purposes, which may include strategic acquisitions. The shares are being offered pursuant to an effective shelf registration statement that has been filed with the Securities and Exchange Commission (the "SEC"). A preliminary prospectus supplement related to the offering has been filed with the SEC and is available on the SEC's website at http://www.sec.gov. Copies of the preliminary prospectus supplement and accompanying prospectus See full press release