XPO Logistics does not expect to divest European business near term

As previously announced on March 8, XPO plans to divest its European business through either a sale or a listing on a European stock exchange. Due primarily to weakened capital markets in Europe, the company does not currently expect to divest its European business in the near term. The company does not undertake to provide any further updates on the status of the plan, except as may be required by applicable law.