Gxo Logistics Incorporated Stock Price, News & Analysis

GXO Logistics has been selected by Sainsbury’s to manage an additional six warehouses dedicated to fresh and frozen food, expanding their longstanding partnership. This decision arises from Sainsbury’s strategy to consolidate its food warehousing operations, reducing the number of logistics partners from three to GXO. The new agreement aims to enhance service and innovation while aligning with Sainsbury’s sustainability agenda. This expansion is part of a broader transition affecting employees, with a planned transfer of impacted colleagues to new providers, including GXO, throughout 2023 and 2024.

With over 970 facilities globally, GXO focuses on technologically advanced supply chain solutions and e-commerce logistics, benefiting from the industry’s growth.

GXO Logistics, Inc. (NYSE: GXO) is set to hold its first quarter conference call and webcast on May 10, 2023, at 8:30 a.m. Eastern Time. The company will release its Q1 results after market close on May 9, 2023. Analysts and investors can access the call via a toll-free number or a live webcast. GXO, the largest pure-play contract logistics provider, is benefiting from the growth in e-commerce and automation, boasting over 130,000 employees across 970 facilities. The company aims to provide advanced supply chain solutions to its blue-chip customers.

GXO Logistics (NYSE: GXO) has expanded its GXO Direct shared warehousing solution to the UK, combining capabilities from its recent acquisition of Clipper. This offering provides immediate access to premium warehousing services, technology, and flexible space, catering to businesses of all sizes. GXO Direct enhances omnichannel fulfillment, reduces operational costs, and supports e-commerce growth. With 30 sites across the UK, it allows quick scalability and efficient returns management, benefiting companies like Liberty’s of London and Fujitsu. This initiative aims to simplify logistics, foster growth, and improve customer satisfaction.

GXO Logistics (NYSE: GXO) announced on March 22, 2023, that Joanna Borkowska-Iwanek, Maureen Findley, and Steve Lewis have been awarded the 2023 “Pros to Know” by Supply & Demand Chain Executive magazine for their significant contributions to the supply chain sector. Borkowska-Iwanek has enhanced workplace culture and community support through ESG initiatives. Findley excels in managing complex technological projects, leveraging her military leadership experience. Lewis leads GXO Direct, focusing on expanding the company's technology-driven warehouse solutions. This recognition underscores GXO’s commitment to leadership and innovation in logistics.

GXO Logistics has announced a new partnership with SPANX to enhance warehousing solutions through a dedicated 445,000-square-foot facility in Flowery Branch, GA. This strategic move supports SPANX's rapid growth in the direct-to-consumer market, utilizing advanced warehouse technologies like collaborative robots for improved efficiency and safety. The facility aims to fulfill both domestic and international ordering needs while also managing returns efficiently. This collaboration aligns with SPANX's mission to empower women and improve customer experience, reinforcing GXO’s position as a leader in innovative logistics solutions.

GXO Logistics (NYSE: GXO) has successfully implemented Lowpad Autonomous Mobile Robots (AMRs) in a major warehouse for a food and beverage customer in the Netherlands, marking an industry-first. This collaboration has significantly enhanced operational efficiency, addressing labor shortages and reducing costs. The custom-engineered solution optimizes order sequencing and loading processes, resulting in improved safety, productivity, and cost-effectiveness. GXO's investment in technology positions it ahead of the market, operating 22% more tech-enabled warehouses than the average.

GXO Logistics reported fourth-quarter 2022 revenue of $2.5 billion, a 9.1% increase year-over-year, with net income of $46 million. Full-year revenue reached $9.0 billion, marking a 13.3% rise. Adjusted EBITDA for Q4 was $205 million, up 23%, while full-year adjusted EBITDA stood at $728 million. The company generated free cash flow of $240 million for the year and maintained a solid balance sheet with a net leverage ratio of 1.8x. GXO announced a robust sales pipeline of approximately $2.1 billion and new contracts expected to contribute $661 million in revenue for 2023.

GXO Logistics is expanding its partnership with Robotic Assistance Devices to enhance security across its logistics sites. The company plans to deploy nearly 20% more robotic security devices in 2023, increasing the total to 15 sites. These devices, which incorporate advanced technology such as video surveillance and artificial intelligence, are designed to improve safety and efficiency for customers' logistics operations. Since 2018, GXO has utilized RAD technology, showcasing a commitment to innovative solutions. Additionally, the collaboration aims to reduce costs while improving performance and consumer satisfaction.

GXO Logistics, Inc. (NYSE: GXO) has scheduled its fourth quarter and full-year conference call for February 15, 2023, at 8:30 AM ET, following the results release on February 14, 2023, post-market close. This call will be accessible via toll-free numbers for U.S./Canada and international callers, with a passcode provided for entry. A replay of the call will be available until March 1, 2023. As the largest pure-play contract logistics provider, GXO is poised to capitalize on e-commerce growth and automation, employing over 130,000 team members across 950 facilities worldwide.