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.

GXO Logistics has announced a second major retailer this month is using its logistics services to fulfill e-commerce orders. The logistics spinoff from XPO is now shipping inventory direct to consumers for Saks from a GXO e-fulfillment center in Middletown, Pennsylvania.

GXO opens e-commerce hub for Saks

GREENWICH, Conn., Oct. 20, 2021 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, today announced that the Institute of Innovation and Knowledge Exchange (IKE), the United Kingdom's professional body for innovators, has awarded the ISO 56002 Investor in Innovations Standard to GXO's Virgin Media logistics operations.

GXO Wins Innovation Award in Partnership with Virgin Media

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GXO Logistics Inc (NYSE: GXO) plans to hire more than 9,000 logistics employees across the U.S. and Canada ahead of the peak holiday season. Key states where GXO is hiring include California, Georgia, Indiana, Pennsylvania, and Texas.

GXO To Recruit 9,000 Employees In North America Ahead Of Holiday Season

When GXO was spun off of parent company XPO in August, its new management team faced a task that was possibly the biggest of all: iintroduce itself to the investment community and answer the question of just who this company was and what it did. Members of the company's management team took a more public step in that direction Tuesday during an online forum hosted by Amit Mehrotra, the head of the Deutsche Bank transportation research team.

New management of GXO stops into an online forum to tell its story

GXO Logistics Inc. GXO, +2.89% said Wednesday it plans to hire 20,000 employees globally, including 9,000 logistics employees in the U.S and Canada, ahead of the holiday season. The states where GXO is hiring include California, Georgia, Indiana, Pennsylvania and Texas.

GXO Logistics to hire 9,000 full- and part-time employees in U.S. and Canada for the holidays

Warehouse automation jumps by 40 percent year-over-year, improving productivity and employee experience Warehouse automation jumps by 40 percent year-over-year, improving productivity and employee experience

GXO Expects to Recruit 9,000 Employees in North America Ahead of the Peak Holiday Season

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Abercrombie & Fitch Co (NYSE: ANF) and GXO Logistics Inc (NYSE: GXO) agreed to open a new 715,000 square-foot distribution center in Goodyear, Arizona. The highly automated facility will serve as Abercrombie & Fitch's new hub for its West Coast operations when it becomes fully operational in late 2021.

GXO, Abercrombie & Fitch To Open Distribution Center In Goodyear, Arizona

GXO Logistics will open a “highly automated” distribution center in Goodyear, Arizona, for customer Abercrombie & Fitch Co. The center, which will cover approximately 715,000 square feet, will include automation and goods-to-person robotics. GXO (NYSE: GXO) said it expects to employ about 300 at the location, which will be the eighth warehouse, covering a total of more than 2 million square feet of space, that GXO operates in the area for customers.

GXO to open, operate Arizona DC for Abercrombie & Fitch

New facility creates more than 300 new jobs in the area with opportunities for future growth New facility creates more than 300 new jobs in the area with opportunities for future growth

GXO and Abercrombie & Fitch Co. to Open High-Tech Distribution Center in Phoenix Metropolitan Area

GREENWICH, Conn., Oct. 04, 2021 (GLOBE NEWSWIRE) -- GXO Logistics, Inc.  (NYSE: GXO) will hold its third quarter conference call and webcast on Tuesday, November 2, 2021, at 8:30 a.m. Eastern Time. The company's results will be released after market close on November 1 and made available on www.investors.gxo.com.

GXO Logistics Schedules Third Quarter 2021 Earnings Conference Call for Tuesday, November 2, 2021

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JPMorgan analyst Brian Ossenbeck initiated coverage of GXO Logistics Inc (NYSE:GXO) with an Overweight rating and a price target of $107, implying an upside of 27%. Ossenbeck says the company is a "unique pure-play" on contract logistics.

GXO Logistics Shares Move Higher After JPMorgan Sees 27% Upside

GXO Logistics Initiated At JPMorgan With Overweight Rating

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.

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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

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.

News for GXO Logistics Stock (GXO)