XPO Logistics Inc. (NYSE: XPO) is buying 3PD Inc. for $365 million

Atlanta-based 3PD provides logistics services mainly to blue chip retailers, e-commerce companies and smaller retailers. 

The deal includes $357 million in cash and $8 million in stock. The transaction is expected to close during the third quarter.

XPO, headquartered in Greenwich, Conn., is a transportation logistics provider, offering freight brokerage, expedited transportation and freight forwarding services. In October, XPO bought the freight brokerage division of Ozburn-Hessey Logistics LLC

Credit Suisse Group is serving as XPO’s financial adviser, and Morgan Stanley & Co. LLC is acted as 3PD’s financial adviser.

Other recent transportation deals include Knot Offshore Partners LP’s (NYSE: KNOP) acquisition of Knutsen Shuttle Tankers 13 AS for $145 million, Direct ChasisLink Inc.’s purchase of Hyundai Merchant Marine’s chassis fleet, and FedEx Corp.’s (NYSE: FDX) deal for Supaswift’s businesses in five African countries

XPO’s CEO Bradley Jacobs said in a January 2012 video interview that the industry was ripe for consolidation. 

For more on logistics, see "Logistics, Logistics, Logistics." 

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