Gxo Logistics Incorporated Stock Price, News & Analysis

GXO Logistics, Inc. (NYSE: GXO) will conduct its first quarter conference call on May 5, 2022, at 8:30 a.m. ET. The company will release its financial results after the market closes on May 4, 2022, available at investors.gxo.com. Interested parties can join via phone or online webcast, with a replay available until May 19, 2022. GXO is a leading contract logistics provider, capitalizing on ecommerce growth and automation with over 120,000 team members across 900 facilities. For further details, visit GXO.com.

GXO Logistics, the largest contract logistics provider, has partnered with Vogue Business to sponsor a new newsletter focusing on the global supply chain. The newsletter will reach approximately 150,000 subscribers in key markets, including the U.S., U.K., and Germany. GXO aims to enhance brand resilience and efficiency in supply chains amidst growing industry demand. The partnership is timely, as brands seek to optimize supply chain strategies. GXO serves many Fortune 100 companies and is well-positioned to leverage its technology solutions for competitive advantage.

GXO Logistics is expanding its partnership with Harry's, a shaving and personal care brand, to support its growth in Europe.

Since 2019, GXO has facilitated a 270% increase in retail volumes and a 230% rise in e-commerce volumes for Harry's in the UK.

This expansion includes a new warehouse in The Netherlands and aims to enhance logistics operations, especially during seasonal peaks. The collaboration also supports Harry's new female-focused brand, Flamingo.

On March 31, 2022, GXO Logistics (NYSE: GXO) announced that Maryclaire Hammond and Bill Fraine received recognition from Supply & Demand Chain Executive magazine for their significant contributions to the supply chain industry. Hammond, Chief Human Resources Officer, and Fraine, Chief Commercial Officer, have over 60 years of combined experience. Malcolm Wilson, CEO, praised their expertise as essential for GXO's growth and reputation as a top logistics provider, particularly as the company continues to expand in the rapidly growing e-commerce sector.

Locus Robotics has been selected by GXO Logistics (NYSE: GXO) to implement its autonomous mobile robots (AMRs) at warehouses serving a major sports-fashion retailer in the U.K. and Netherlands. This partnership includes the deployment of 65 LocusBots to enhance order fulfillment efficiency, reducing unproductive walking time and physical strain for workers. The move positions GXO to support customer growth and expand operations in new markets. Locus Robotics' technology aims to improve productivity by 2-3 times with less labor, reflecting both companies' commitment to innovative logistics solutions.

GXO Logistics (NYSE: GXO) reported a remarkable 200% increase in the deployment of collaborative robots in 2021, enhancing efficiency and safety across its logistics operations. The company is expanding its use of autonomous mobile robots (AMRs) in grocery and large-item sectors across the U.K. and the Netherlands. AMRs boost productivity by up to 60% and improve order accuracy, allowing customers to extend order cut-off times. GXO has deployed over 2,000 new technologies across its facilities, emphasizing its commitment to automation and advanced logistics solutions.

GXO Logistics and Clipper Logistics have agreed on key terms for a possible cash and share offer for Clipper. The proposed offer values Clipper shares at approximately 920 pence each, comprising 690 pence in cash and additional GXO shares reflecting a valuation of 230 pence. Clipper’s board is inclined to recommend the offer subject to customary conditions and due diligence. GXO anticipates multiple benefits from this acquisition, including enhanced service offerings in e-commerce and logistics, alongside significant cost synergies and geographical expansion.

GXO Logistics reported strong financial results for Q4 and full year 2021, with revenue climbing to $2.3 billion in Q4, up 28% year-over-year. For the full year, revenue reached $7.9 billion, also up 28%, with net income of $153 million and adjusted EBITDA of $633 million. The company achieved 19% organic revenue growth in Q4 and projects 8% to 12% growth for 2022. Key business highlights include a 45% increase in e-commerce revenue and a significant sales pipeline at $2.5 billion.