11:22 AM EDT, 08/15/2024 (MT Newswires) -- XPO (XPO) is again exploring a sale of its European transportation business, almost two years since the logistics firm shelved an attempt to divest the unit, Bloomberg reported late Wednesday, quoting unnamed sources familiar with the situation.

XPO has hired advisers and is sounding out potential buyers for the unit, the report said, adding that one of the sources said the business could fetch as much as $2 billion in a sale.

The company may also decide to keep the assets for longer, the report said.

Bloomberg said a XPO representative declined to comment.

XPO didn't immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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