...NEW YORK (S&P Global Ratings) Oct. 27, 2016--S&P Global Ratings said today that its ratings on XPO Logistics Inc. (B+/Positive/--) are unaffected by the company's proposed sale of its truckload business to TransForce. XPO announced today that it intends to divest its truckload operations, which it received as part of its acquisition of Con-Way Inc. in October 2015, for $558 million. The company will use the proceeds from the sale to repay some of its debt, which should marginally improve its credit metrics, increase its return on capital, and somewhat reduce the cyclicality of its operations. The positive outlook on XPO reflects our belief that the company's credit metrics will continue to improve due to the earnings contributions from its 2015 acquisitions, increased cost savings from management's operating-efficiency initiatives, and the positive business dynamics across its core operating segments. Specifically, the positive outlook reflects our expectation that the company's funds from...
