XPO says planned spin-off will be called RXO

XPO says planned spin-off will be called RXO

Third-party logistics giant XPO Logistics said today that RXO will be the name of the previously announced spin-off of its tech-enabled brokerage platform, bringing the company a step closer to creating the standalone entity. XPO announced plans to separate its North...

Sanral to restart, wrap up adjudication process on cancelled tenders by end September Sanral chairperson Themba Mhambi talks about the issues identified with the agency’s construction bid evaluation process. Video and editing: Kutlwano Matlala

The board of the South African National Roads Agency Limited (Sanral) has instructed Sanral management to readvertise and award the R17.47-billion in tenders the board cancelled earlier in May, citing “material irregularities”, within the next four months. Speaking at...