GXO (NYSE:GXO) renewed its long-term partnership with Carrefour for frozen supply chain operations in Belgium and Luxembourg. The relationship spans almost 50 years and is described as a strategic pillar of GXO’s European presence.
From its 43,720-square-meter Zellik facility, including 23,000 square meters of mezzanine and a fleet of 40 trucks, GXO provides end-to-end frozen storage, order picking and distribution to more than 700 Carrefour stores, using automated high-bay pallet storage and shuttle systems to support innovation, sustainability and service levels.
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Positive
Renewal of nearly 50-year Carrefour frozen logistics partnership in Belgium and Luxembourg
Zellik frozen facility of 43,720 m² and 40 trucks serving 700+ Carrefour stores
Use of automated high-bay storage and shuttle systems to support frozen operations
Negative
None.
News Market Reaction – GXO
+2.36%
1 alert
+2.36%Session close to close
$5.99BMarket Cap
0.1xRel. Volume
In the Jun 24 session, GXO gained 2.36%, reflecting a moderate positive market reaction.
This announcement renews a nearly 50‑year Carrefour partnership, underscoring stable frozen logistic...
Analysis
This announcement renews a nearly 50‑year Carrefour partnership, underscoring stable frozen logistics volumes from a major European retailer. With prior partnership news averaging a mild -0.81%, investors may focus on execution quality and contract longevity.
Renewed Dolce&Gabbana Beauty logistics with new dedicated Italian warehouse.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Partnership announcements have generally been positive operationally but have produced small, mixed next‑day moves, with a mild negative tilt on average.
Key Terms
pureplay, mezzanine, omnichannel fulfillment, reverse logistics, +2 more
6 terms
pureplayfinancial
"the world’s largest pureplay contract logistics provider"
A pureplay is a company that focuses almost entirely on a single product, service, or industry rather than operating across many different businesses. For investors, this makes the company like a specialty shop: easier to evaluate because performance ties directly to one market, but also more exposed to that market’s ups and downs, so returns can be higher or riskier depending on how that sector performs.
mezzaninetechnical
"43,720-square-meter frozen logistics facility in Zellik, including 23,000 square meters of mezzanine"
Mezzanine financing is a middle layer of capital that sits between a company’s regular bank loans and its shareholders’ equity, combining features of a loan and an option to buy stock. Think of it as a higher-risk, higher-return loan that may pay extra interest and include the right to convert into shares; it matters to investors because it affects a company’s risk profile, potential dilution of ownership, and the order in which creditors get paid if the company struggles.
omnichannel fulfillmenttechnical
"GXO optimizes store replenishment, omnichannel fulfillment, value-added services and reverse logistics"
Omnichannel fulfillment is the system a retailer or supplier uses to accept orders from any sales channel — website, mobile app, marketplace, or physical store — and coordinate picking, packing and delivery so customers receive the right item quickly no matter where they shopped. Investors care because efficient omnichannel fulfillment increases sales, reduces shipping and inventory costs, and improves customer loyalty, so it directly influences revenue growth, profit margins and operational risk, much like a reliable engine that keeps a business running smoothly.
reverse logisticstechnical
"omnichannel fulfillment, value-added services and reverse logistics to ensure consistent availability"
Reverse logistics is the process of moving products from customers back to a company for returns, repairs, recycling, or disposal — like the reverse of a delivery route when a returned package comes back to the warehouse. It matters to investors because efficient reverse logistics can cut costs, recover value from returned goods, reduce waste and regulatory risk, and protect brand reputation, all of which affect profitability and long-term cash flow.
high-bay pallet storagetechnical
"including automated high-bay pallet storage and a shuttle system that feeds the pick floor"
A high-bay pallet storage system is a warehouse setup that stacks large pallets of goods in very tall racks, often using automated cranes or forklifts to move items into narrow, vertical aisles. Like a multi-story parking garage for inventory, it maximizes floor space and speed of retrieval, lowering storage cost per unit and enabling higher throughput. Investors care because it affects a company’s logistics efficiency, capital spending, capacity to scale, and ultimately operating margins and working capital needs.
shuttle systemtechnical
"automated high-bay pallet storage and a shuttle system that feeds the pick floor"
A shuttle system is a deliberate method or mechanism that moves people, goods, samples or information back and forth between two or more locations on a regular schedule. Investors care because it influences how quickly and cheaply a business operates—like a dedicated commuter bus for a factory—affecting costs, capacity, delivery speed and regulatory handling, all of which can change revenue and risk profiles.
ZELLIK, Belgium, June 24, 2026 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world’s largest pureplay contract logistics provider, today announced the renewal of its long-standing partnership with Carrefour for frozen supply chain operations in Belgium and Luxembourg. This renewal agreement strengthens one of GXO’s longest customer relationships in Belgium, a collaboration that has spanned almost 50 years and reaffirms Carrefour’s role as a key strategic partner for GXO’s operations in Zellik.
“We are proud to continue our partnership with Carrefour, one of our longest‑standing customers in Belgium,” said Willem Veekens, Managing Director for GXO in Northern Europe. “Our shared history and deep operational understanding allow us to continuously optimize performance and deliver best‑in‑class service across the region.”
From its 43,720-square-meter frozen logistics facility in Zellik, including 23,000 square meters of mezzanine, GXO supports Carrefour with end‑to‑end storage and distribution operations, including a fleet of 40 trucks to supply more than 700 stores across Belgium and Luxembourg. The operation leverages advanced technology, including automated high‑bay pallet storage and a shuttle system that feeds the pick floor, ensuring fast replenishment and consistently high service levels. GXO provides Carrefour with fully integrated frozen supply chain services encompassing storage, order picking and distribution.
“Our long‑term partnership with GXO is built on trust, operational excellence and a strong understanding of our needs,” said Tanguy t’Serstevens, director Supply Chain, Carrefour, Belgium. “GXO’s central location in Belgium, combined with their high‑quality transport fleet and proven expertise, make them a reliable partner in supporting our mission to provide customers with efficient and sustainable service.”
GXO and Carrefour will continue to collaborate closely to advance innovation, sustainability and operational excellence across the frozen food supply chain, reinforcing a partnership that remains a pillar of GXO’s presence across Europe.
GXO’s expertise in the retail sector
In Europe, GXO supports many of the region’s leading retailers with end‑to‑end logistics solutions designed to handle high‑volume, multi‑temperature supply chains. Using its industry‑leading technology, scale and expertise, GXO optimizes store replenishment, omnichannel fulfillment, value‑added services and reverse logistics to ensure consistent availability and a seamless consumer experience. For more information, visit our website.
About GXO Logistics GXO Logistics, Inc. (NYSE: GXO) is the world’s largest pure-play contract logistics provider and is positioned to capitalize on the rapid growth of ecommerce, automation and outsourcing. GXO has over 150,000 team members across more than 1,000 facilities, totaling more than 200 million square feet. The company serves the world’s leading blue-chip companies to solve complex logistics challenges with technologically advanced supply chain and ecommerce solutions, at scale and with speed. GXO corporate headquarters is in Greenwich, Connecticut. Visit GXO.com for more information and connect with GXO on LinkedIn, Facebook, Twitter, Instagram and YouTube.
What did GXO (NYSE:GXO) announce on June 24, 2026 about Carrefour in Belgium?
GXO announced it renewed its long-standing frozen supply chain partnership with Carrefour in Belgium and Luxembourg. According to GXO, the agreement extends a collaboration of almost 50 years and reinforces Carrefour as a key strategic partner for its Zellik logistics operations.
What does the renewed GXO and Carrefour frozen supply chain partnership cover in Belgium and Luxembourg?
The renewed partnership covers end-to-end frozen storage, order picking and distribution for Carrefour. According to GXO, services are provided from its Zellik facility, using a dedicated fleet to supply more than 700 Carrefour stores across Belgium and Luxembourg with integrated frozen logistics support.
How many Carrefour stores does GXO serve with frozen logistics in Belgium and Luxembourg?
GXO serves more than 700 Carrefour stores with frozen logistics across Belgium and Luxembourg. According to GXO, a fleet of 40 trucks from its Zellik facility manages store replenishment, providing integrated storage, order picking and distribution for Carrefour’s multi-temperature retail network.
Where is GXO’s frozen logistics facility for Carrefour located and what is its size?
GXO’s frozen logistics facility for Carrefour is located in Zellik, Belgium, near Brussels. According to GXO, the site has 43,720 square meters of space, including 23,000 square meters of mezzanine, supporting end-to-end frozen storage and distribution for Carrefour’s Belgian and Luxembourg store network.
How does GXO use technology in its Carrefour frozen food operations in Belgium?
GXO uses automated high-bay pallet storage and a shuttle system to feed the pick floor. According to GXO, this technology supports fast replenishment, consistently high service levels and optimized frozen logistics for Carrefour’s stores across Belgium and Luxembourg from the Zellik distribution center.
Why is the Carrefour frozen logistics partnership important for GXO’s European strategy (GXO)?
The Carrefour frozen logistics partnership is described as a pillar of GXO’s European presence. According to GXO, the renewed agreement strengthens one of its longest customer relationships in Belgium and highlights Carrefour as a key strategic partner in its Zellik logistics operations.
