XPO Logistics Inc. (NYSE: XPO) spent $50 million for the freight brokerage division of Ozburn-Hessey Logistics LLC (OHL), the latest move from a company that promised to be at the forefront of a consolidating sector.

XPO Logistics’ chief executive Bradley Jacobs told Mergers & Acquisitions in January that the logistics industry is fragmented and ripe for M&A, adding that XPO would be on the hunt for potential targets.

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