Welcome to our dedicated page for Gxo Logistics Incorporated news (Ticker: GXO), a resource for investors and traders seeking the latest updates and insights on Gxo Logistics Incorporated stock.
GXO Logistics, Inc. (NYSE: GXO) is frequently in the news as it describes itself as the world’s largest pure-play contract logistics provider, serving blue-chip customers with large-scale supply chain and ecommerce solutions. This news page aggregates company announcements, earnings updates and operational developments that GXO releases through channels such as GlobeNewswire and SEC filings.
Investors and industry observers can use this feed to follow GXO’s quarterly earnings results, conference call schedules and financial guidance, which the company often discusses alongside metrics like organic revenue growth, adjusted EBITDA and free cash flow. The news stream also covers financing activities, including the company’s inaugural European bond offering through GXO Logistics Capital B.V., where it issued €500 million of 3.750% senior unsecured notes due 2030 to refinance upcoming maturities.
Beyond financial updates, GXO’s news highlights strategic and operational milestones. Recent releases describe the acquisition and integration of Wincanton, expansion of aerospace and defense logistics capabilities such as EN 9120 certification for its multi-user facility in Dormagen, Germany, and renewals of key customer partnerships like its long-term agreement with Dolce&Gabbana Beauty in Italy. The company also reports on organizational changes, including the appointment of a new chief executive officer, the creation of a chief operating officer role, and new leadership for its commercial and regional operations.
Readers can expect coverage of sector-specific developments in aerospace and defense logistics, fashion and beauty supply chains, and broader contract logistics trends as reflected in GXO’s own communications. For anyone tracking GXO’s strategy, capital structure, leadership and global logistics footprint, this news page offers a centralized view of the company’s publicly released updates over time.
BT Group has partnered with GXO Logistics to outsource and transform part of its supply chain in the UK. This long-term agreement aims to support BT's network build activities, servicing over 15 million customers. Approximately 300 BT employees will transfer to GXO under a TUPE agreement, while 300 third-party agency roles will be retained. The partnership aligns with BT's strategy to streamline operations and continues its modernization efforts, previously achieving £1 billion in cost savings 18 months early.
GXO Logistics has installed an automated packaging solution at its Saint-Vulbas site in France, enabling boxes to be custom-fitted to their contents. This innovation is expected to enhance productivity, reduce shipping costs, and support sustainability efforts. The machine can process up to 700 packages per hour, contributing to a streamlined order preparation process. GXO has reported significant growth in technology deployment, with a 139% increase in automated systems year-over-year. The company has also received an ‘AA’ ESG rating from MSCI, underscoring its commitment to sustainability.
GXO Logistics (NYSE:GXO) announced a multi-year contract with zooplus, the prominent online pet food retailer, to establish a new automated fulfillment center in Bor, Czech Republic. This facility, set to begin operations in Q3 2022, spans 60,000 square meters and will employ 700 staff. It aims to enhance responsiveness to rising customer demands in Europe while utilizing 100% recyclable packaging materials. The collaboration reflects GXO's commitment to sustainability, evidenced by its 'AA' ESG rating from MSCI.
GXO Logistics (NYSE: GXO) has announced its fourth quarter conference call scheduled for February 16, 2022, at 8:30 a.m. ET. The company will release its financial results on February 15, 2022, after market close. GXO is the largest pure-play contract logistics provider, focusing on a $430 billion market driven by e-commerce and automation. The firm employs around 95,000 people across over 860 facilities, providing advanced supply chain solutions to top global clients.
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GXO Logistics (NYSE: GXO) has announced a groundbreaking deployment of collaborative robots, or cobots, in its Milton Keynes distribution center. This first-of-its-kind multi-tiered installation aims to enhance productivity and safety while optimizing space. The collaboration with 6 River Systems has resulted in a 40% increase in picking accuracy and an 80% reduction in new employee training time. GXO's investment in automation has led to a tripling of its cobot count year-on-year, positioning the company to meet increasing consumer demands in a rapidly growing market.
GXO Logistics (NYSE: GXO) has opened its fourth U.S. logistics hub in Atlanta to accommodate the increasing demand for at-home exercise equipment, in partnership with MYXfitness. This new distribution center is part of the GXO Direct network, enhancing operational efficiencies and reducing delivery times. GXO has significantly scaled its support for MYXfitness, increasing volumes by 300% in existing facilities. The Atlanta facility expands MYX’s operational footprint to over 86,000 square feet, aligning with GXO's commitment to sustainability and effective inventory management.
GXO Logistics (NYSE: GXO) has welcomed its 22nd Down Syndrome hire through its partnership with the Down Syndrome Association's WorkFit programme. The initiative underscores GXO's commitment to diversity and inclusion. Cathy Earnshaw-Balding, GXO’s Diversity and Inclusion Champion, is set to speak at the World Down Syndrome Congress from November 18-21, 2021. The WorkFit programme aims to create tailored job opportunities for individuals with Down Syndrome, enriching the workplace experience for all employees. GXO's efforts are creating positive outcomes and fulfilling employment opportunities.
GXO Logistics reported third quarter revenue of $2.0 billion, a 24.6% increase from 2020, with net income of $72 million and adjusted EBITDA of $163 million.
The company generated $105 million in cash flow from operations and expects a $700 million revenue impact from new customer contracts in 2022. GXO's ESG rating was upgraded to 'AA' by MSCI. Furthermore, the company raised its FY21 revenue guidance to $7.6 billion - $7.8 billion and aims for 8%-12% organic growth in 2022.
GXO Logistics and Saks have launched a new e-fulfillment center in Middletown, Pennsylvania, aimed at enhancing luxury fashion shipping during the holiday season. This collaboration marks their first joint venture, enabling Saks to leverage GXO's advanced logistics solutions. The facility is designed to optimize efficiency with collaborative robots and features 400,000 square feet of space, employing over 350 people. The GXO Direct network aims to reduce shipping emissions and costs, crucial for accommodating increased e-commerce demand.
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