New York, August 11, 2014 -- Moody's Investors Service ("Moody's") has assigned a B1 Corporate Family Rating ("CFR") to XPO Logistics, Inc. ("XPO Logistics") and a B1 rating to the $500 million senior unsecured notes due 2019 that the company plans to issue. The net proceeds of the notes will be used to help fund the recently announced $615 million acquisition of New Breed Holding Company ("New Breed"). The B1 CFR takes into account XPO Logistics' position as a leading provider of transportation logistics services and its compelling business model, balanced against slim operating margins and pro forma leverage that is high for the B1 rating category. The ratings outlook is stable.

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