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GXO Logistics Inc - GXO STOCK NEWS

Welcome to our dedicated news page for GXO Logistics (Ticker: GXO), a resource for investors and traders seeking the latest updates and insights on GXO Logistics.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect GXO Logistics's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of GXO Logistics's position in the market.

Rhea-AI Summary
GXO Logistics, Inc. released preliminary first quarter 2024 results, reiterating its 2024 guidance, updating long-term financial targets, and highlighting strong new business wins. The company anticipates continued growth in 2024, with a focus on capturing more of the outsourcing opportunity and diversifying its business. Preliminary results for Q1 2024 include revenue of approximately $2.5 billion, net loss of $36 million, and adjusted EBITDA of $154 million. The company also updated its full-year 2024 guidance, including the expected impact of the Wincanton acquisition, and revised its 2027 financial targets with a focus on organic revenue growth and increased adjusted EBITDA.
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GXO Logistics, Inc. renews its 15-year partnership with Mars in France, enhancing supply chain operations with advanced automation solutions. The partnership focuses on storage, distribution, and value-added services for Mars brands, including Petcare, Snacking, and Food & Nutrition segments. GXO plans to implement additional innovations on-site to further improve efficiency and productivity. The collaboration between Mars and GXO also prioritizes sustainable growth, with initiatives to reduce energy consumption, CO2 emissions, and transportation costs.
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Daikin and GXO have announced the opening of a new Midlands warehouse in Daventry, UK, with a £4 million investment. The 240,000-square-foot facility will exclusively serve Daikin in the UK, creating over 75 new jobs. This partnership aims to support Daikin's growth in the heating, cooling, and ventilation industry by providing a future-ready fit out for outbound deliveries.
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GXO Logistics, Inc. appoints Corinna Refsgaard as Chief Human Resources Officer, bringing extensive HR experience from top global organizations like ISS. Refsgaard will oversee global talent strategy, compensation, benefits, and workforce planning.
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1.97%
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GXO Logistics, Inc. will hold its first quarter 2024 earnings conference call on May 8, 2024, with results released on May 7, 2024. Access details provided for call and webcast.
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GXO Logistics, Inc. appoints Kristine Kubacki as Chief Strategy Officer to drive growth and market expansion, leveraging her two decades of experience in investor relations and analysis in industrial, logistics, and transportation sectors.
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1.5%
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GXO Logistics, Inc. appoints Nizar Trigui as Chief Technology Officer to enhance technology leadership and meet global demand for advanced warehouse solutions. Trigui's extensive experience in tech-powered organizations will drive future technology deployment plans for blue-chip customers worldwide.
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GXO Logistics, Inc. announces a cash offer to acquire Wincanton plc, expanding its presence in key growth verticals in the UK. The acquisition is expected to generate approximately £45m in synergies and be immediately accretive to earnings per share. GXO aims to enhance operations for UK and Ireland customers through advanced technology deployment.
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0.9%
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GXO Logistics, Inc. announced fourth quarter revenue of $2.6 billion, full-year revenue of $9.8 billion, and strong financial performance with net income of $229 million. The company reported positive cash flows and free cash flow, along with 2024 guidance indicating organic revenue growth and increased earnings per share. GXO achieved significant business milestones, including $1 billion in new annualized revenue, acquisitions, and a robust sales pipeline.
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GXO Logistics, Inc. partners with robotics developer Dexterity to pilot AI-enhanced robotics in a warehouse, making operations safer and more efficient for a leading beauty brand. The advanced robots use AI to depalletize, label, and repalletize packages, optimizing inbound and outbound processes. This deployment increases operational efficiency and safety while freeing up team members for higher-value activities.
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1.37%
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GXO Logistics Inc

NYSE:GXO

GXO Rankings

GXO Stock Data

6.07B
118.15M
0.84%
94.86%
2.01%
Postal Service
Transportation and Warehousing
Link
United States
Greenwich

About GXO

game-changing opportunities for our customers, employees and investors. advanced automation that achieves logistics at full potential.