LRT Group acquires specialized LTL carrier XGS

Core Viewpoint - LRT Group has acquired XGS, a specialized less-than-truckload carrier, which is expected to enhance XGS's service offerings and capabilities in the logistics sector [1][2]. Company Overview - XGS, also known as Xpress Global Systems, is based in Chattanooga, Tennessee, and specializes in the shipment and distribution of oversized freight for the flooring industry, operating a network of 30 distribution centers across the U.S. [1] - LRT Group, headquartered in Fort Payne, Alabama, is a transportation and logistics company with various asset-based and third-party logistics (3PL) holdings, including Little River Transportation [2]. Strategic Implications - The acquisition is anticipated to provide XGS with additional resources and support from LRT Group, leading to expanded service offerings and enhanced customer value [2]. - XGS has a history of growth, having been acquired by private equity firm Aterian Investment Partners in 2018 and subsequently acquiring two asset-based carriers in 2021 [3][4].