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XPO Logistics Sells Truckload Shipping Business to TFI International for $558 Million

XPO Logistics Inc. has sold its truckload shipping business to Canadian trucking company TransForce Inc. for $558 million, the company said Thursday.

Greenwich, Conn.-based XPO, which took the business unit on as part of its $3 billion acquisition of Con-way Inc. last year, said proceeds of the sale will be used toward paying down $5.1 billion of outstanding debt used to make over a dozen acquisitions since 2011.

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