GXO Logistics

GXO Logistics, Inc. provides logistics services in North America and Europe. It offers warehousing and distribution, order fulfillment, e-commerce, reverse logistics and other supply chain services. The company was founded on February 16, 2021, and is headquartered in Greenwich, CT.

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GXO Logistics exceeds Q4 expectations, eyes accelerated growth towards 2027

GXO's strong Q4 performance and strategic targets for 2027 reflect a growth-oriented approach with a focus on M&A and operational efficiency
While facing challenges in a softer macro environment, the company's emphasis on cost synergies, customer retention, and growth opportunities positions it well for the future
Opportunities for accelerated growth, margin improvements, and operational enhancements underscore GXO's potential for sustained success and value creation
Overall, GXO's performance, strengths, and strategic initiatives indicate a resilient and forward-looking company poised for continued growth and profitability

GXO Logistics reports strong Q1 earnings, eyes tech growth

GXO Logistics had a robust Q1 2023, with strong revenue growth and increased operational tech deployment. They expect continued growth driven by automation and strategic partnerships, focusing on margin expansion and cost efficiency.
The company's strengths lie in GXO Direct's expansion, high-quality contracts, and focus on generating free cash flow. Challenges include cost alignment with growth and maintaining normalized inventory levels post-pandemic.
Opportunities for GXO include tech acceleration, value creation through M&A, and capitalizing on reverse logistics. They prioritize sustainability, shareholder value enhancement, and operational efficiency for future growth.

GXO Logistics reports robust Q2 earnings, eyes automation for growth

GXO Logistics continues to deliver strong financial performance, with revenue and EBITDA exceeding expectations and a focus on operational excellence.
The company's strategic partnerships, scalable cost structure, and emphasis on automation position GXO for sustained growth and margin improvement.
While facing challenges in certain markets, GXO's focus on efficiency, automation, and market expansion presents significant opportunities for future growth and profitability.

GXO Logistics reports record Q3 revenue and raises guidance

GXO Logistics excelled in Q3 with record revenue and EBITDA, driven by automation focus and new business wins. While facing organic growth challenges, the company remains confident in its ability to capitalize on industry growth potential and automation trends.

GXO Logistics reports stellar 2023 performance and optimistic outlook

GXO delivered a stellar 2023 with strong financial performance and $1 billion in new business wins. The outlook for 2024 is positive, with sequential growth expected throughout the year.
Strengths include a balanced portfolio, strategic partnerships, and a focus on automation and outsourcing. Challenges include warehouse capacity impacts and questions on outsourced contract trends.
Opportunities lie in reversing inventory adjustments, pursuing M&A targets, and capitalizing on the outsourcing trend. GXO's focus on efficiency and technology positions it well for future growth.
Overall, GXO's performance, strengths, and opportunities align with market trends, indicating a promising trajectory for sustained success and shareholder value creation.

GXO Logistics reports record Q2 revenue and strategic growth plans

GXO Logistics delivered a strong performance in Q2, with record revenue and significant new business wins.
While facing challenges in the North American market, the company remains optimistic about future growth and operational enhancements.
Strategic acquisitions, emphasis on automation, and commitment to innovation position GXO for continued success and value creation.

GXO Logistics reports record Q3 earnings and eyes European growth

GXO Logistics excelled in Q3 2024, showcasing robust financial performance, strategic partnerships, and technological advancements. While challenges like debt reduction and operational efficiency persist, the company is well-positioned to capitalize on growth opportunities in e-commerce and automation, driving future success.

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GXO Logistics, Inc. provides logistics services. It offers warehousing and distribution, order fulfillment, e-commerce, reverse logistics and other supply chain services. The company was founded on February 16, 2021 and is headquartered in Greenwich, CT.

GREENWICH, Conn., Sept. 16, 2021 (GLOBE NEWSWIRE) -- GXO Logistics, Inc.  (NYSE: GXO), the world's largest pure-play contract logistics provider, today announced that Elizabeth Fogarty has joined the company as its new Chief Communications Officer. Elizabeth joins GXO from Citigroup Inc. where she served as Managing Director and Head of Communications for the Global Consumer Bank. She will be responsible for managing GXO's global external and internal communications.

GXO Announces Elizabeth Fogarty as Chief Communications Officer

GREENWICH, Conn., Sept. 14, 2021 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, has deployed nearly 400 state-of-the-art display wearable scanners in warehouses in the UK, France and the Netherlands, Italy and Spain. The lightweight glove scanners speed up bar code reading, by up to 4 seconds per scan compared to traditional handheld units, while offering hands-free operations.

GXO Deploys Display Wearable Scanners that Boost Productivity

GXO Logistics Inc (NYSE: GXO) launched an industry-first pilot of intelligent automation at its fashion eCommerce warehouse in Tilburg, the Netherlands. GXO plans to expand its use of technology in Tilburg with an additional four robots.

GXO Pilots Customised Robotic Arm For Apparel Industry Logistics

GXO is an XPO spin-off with a focus on Industry 4.0 applications in warehouses.

GXO Logistics: A High-Quality Spin-Off

Citigroup's analyst Christian Wetherbee initiated coverage on GXO Logistics Inc (NYSE:GXO) with a Buy rating and a price target of $95, implying an upside of 20.8%. The company now has a total of 9 analysts firms reporting ratings.

Citigroup Adds New Stock With 21% Upside To Its Coverage

XPO shares have been soaring since the spin-off. Here's what you need to know.

Why You Should Take a Closer Look at the New XPO Logistics

GREENWICH, Conn. , Aug. 17, 2021 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, today released findings from its most recent global survey on trends in e-commerce and returns. The survey details trends in consumer shopping habits and retailer behaviors, including the link between increased e-commerce activity and higher returns volumes.

GXO Releases Results from Global Survey on E-Commerce and Returns Trends

After a strong first week for the stock, investors could be poised to reap more gains.

GXO Logistics Is Off to the Races

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GREENWICH, Conn., Aug. 02, 2021 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO) announced the appointment of Jason Papastavrou, Ph.D., to its board of directors upon today's spin-off of the company from XPO Logistics, Inc. (NYSE: XPO). Until the spin-off, Dr. Papastavrou had been a member of the board of directors of XPO.

GXO Adds Jason Papastavrou to Board of Directors

XPO Logistics

GXO Logistics Inc (NYSE: GXO) started trading on the New York Stock Exchange under the ticker symbol “GXO” on Monday. It was originally a part of XPO Logistics Inc (NYSE: XPO), which said last month it will spin it off into an independent, publicly-traded company.

XPO Logistics stock is down 40% because of a spin-off

GXO Logistics (NYSE: GXO) started its first day of regular way trading on the NYSE today as it successfully spun off from XPO Logistics . These are the details.

GXO Logistics Completes Spin-Off From XPO

The long-awaited spinoff of GXO happened on Monday.

Why Shares of XPO Logistics Are Plunging Today

XPO Logistics Inc (NYSE: XPO) has completed the spinoff of GXO Logistics Inc (NYSE: GXO) into an independent publicly-traded company that begins trading on Aug. 2. What Happened: The Greenwich, Connecticut-based XPO first announced its plans for a corporate spinoff last December.

GXO Logistics, A Spinoff Of XPO Logistics, Begins Trading

GREENWICH, Conn. , Aug. 02, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO), a leading global provider of freight transportation services, today announced that its new slate of directors has become effective with the closing of its spin-off transaction. XPO completed the spin-off of its global logistics segment as GXO Logistics at 12:01 a.m. Eastern Time on August 2, 2021.

XPO Logistics Announces Board of Directors for Post-Spin-Off Company

GREENWICH, Conn. , Aug. 02, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) today announced that it has completed the previously announced spin-off of GXO Logistics, Inc., creating two independent, publicly traded companies. XPO is a leading provider of freight transportation services, primarily less-than-truckload transportation and truck brokerage services, and GXO is the largest pure-play contract logistics provider in the world. XPO shares will continue to trade on the New York Stock Exchange under the symbol “XPO” and, effective today, GXO will begin “regular way” trading on the NYSE under the symbol “GXO.”

XPO Logistics Completes Spin-Off of GXO Logistics

Brad Jacobs hasn't been denied much during what has been one of the most accomplished business careers of the past 40 years. What Jacobs has wanted, he's taken, judging by his founding of five billion-dollar businesses, three of which became very successful publicly traded companies.

The XPO-GXO spinoff saga: `See you at the crossroads'

XPO Logistics Inc's (NYSE: XPO) logistics segment spin-off, GXO Logistics (NYSE: GXO), is slated for debut on August 2, 2021. The executive team and members of the board of directors of GXO Logistics, Inc. will ring the New York Stock Exchange's Opening Bell at 9:30 a.m.

XPO Logistics Spinoff GXO Logistics To Ring NYSE Opening Bell On Monday

GREENWICH, Conn. , July 30, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) today announced that the executive team and members of the board of directors of GXO Logistics, Inc. will ring the New York Stock Exchange's Opening Bell® at 9:30 a.m. EDT on Monday, August 2, 2021, launching GXO as the world's largest pure-play contract logistics provider.

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