XPO"s Takeover Target is a much larger privately held company. Larger than what I am not sure, does this mean bigger than APL or UX Specialized Logistics? At any rate we will become much larger which sounds like almost a double, or more, as 'much larger' is subjective it is difficult to judge the size.
Might also involve a private equity held company, it's all here in this link from thestreet.
XPO 'according to industry watchers, has been closing in on a much larger privately held target, with hopes of announcing a purchase soon.'
https://www.thestreet.com/_nasdaq/story/13060614/1/three-truckers-set-to-drive-ma-activity-into-high-gear.html?&cm_ven=NASDAQ&cm_cat=FREE&cm_ite=NA
I pulled some private companies from this list.
https://www.ttnews.com/top50/logistics/
This was only a quick glance but Swift and Werner Global could fit.
Another interesting one is Coyote which is now going to IPO through their private equity holder like APL before it was sold.
Coyote Logistics preparing for IPO
By Telis Demos and Gillian Tan
Published: Mar 13, 2015 6:17 p.m. ET
Coyote Logistics LLC, a provider of transportation and shipping services, is preparing for an initial public offering that could value it at more than $2 billion, including debt, according to people familiar with the matter.
The Chicago-based company, which is backed by private-equity firm Warburg Pincus LLC, has met with banks as it plots the IPO, which is expected to come in the second half of the year, the people said. The deal is expected to raise a few hundred million dollars, they added.
https://www.marketwatch.com/story/coyote-logistics-preparing-for-ipo-2015-03-13-181031733
Neptune Orient Lines said it is exploring a sale or public listing of its APL Logistics division after Reuters reported the company is hoping to sell...