Gxo Logistics Incorporated Stock Price, News & Analysis

GXO Logistics announced plans to hire over 20,000 employees globally, including 9,000 in the U.S. and Canada, to prepare for the holiday season. This initiative comes as the company boosts its warehouse automation by 40% year-over-year, enhancing productivity and employee experience. With an aggressive recruitment drive, GXO aims to deploy 3,100 robots in North America by year-end 2021 and open nine new automated sites in the U.S. and three in Europe, responding to the e-commerce surge.

XPO Logistics (NYSE: XPO) will host its third quarter conference call on November 3, 2021, at 8:30 a.m. ET, following the release of its results after market close on November 2.

Call-in information includes a toll-free line for the US/Canada at 1-877-269-7756, with international callers using +1-201-689-7817. A live webcast will be available at www.xpo.com/investors. The replay will be accessible until December 3, 2021, via the same toll-free numbers.

GXO Logistics and Abercrombie & Fitch Co. announced a partnership to open a new 715,000-square-foot distribution center in Goodyear, Arizona, expected to be operational by late 2021. This facility will create over 300 jobs in the Phoenix area and enhance GXO's logistics capabilities for the West Coast. The center will be highly automated, incorporating AI and machine learning for efficient product distribution. This project reflects GXO's ongoing commitment to growth and innovation in logistics.

GXO Logistics, Inc. (NYSE: GXO) will host its third-quarter conference call on November 2, 2021, at 8:30 a.m. ET, with results released after market close on November 1. The call can be accessed toll-free at 877-407-8029 (U.S./Canada) or +1 201-689-8029 (international). A replay will be available until November 16. GXO is the largest pure-play contract logistics provider globally, with 94,000 team members across 869 warehouse locations. The company currently holds a 5% share in the $130 billion potential addressable logistics market in Europe and North America.

XPO Logistics has appointed Christine Robinne as the head of its technology organization and digital strategy in Europe. Reporting to Luis Gomez and Mario Harik, Robinne aims to enhance XPO's digital freight management capabilities. She joins from Heineken International, where she led digital transformation initiatives. XPO's technology focuses on diverse supply chains, having received recognition as one of the World's Most Admired Companies by Fortune. This leadership change is anticipated to strengthen XPO’s innovation and customer service in the competitive logistics sector.

On September 16, 2021, GXO Logistics announced the appointment of Elizabeth Fogarty as the new Chief Communications Officer. Previously at Citigroup, she has over 20 years of experience, notably in managing media relations and employee communications. CEO Malcolm Wilson praised Fogarty's communications expertise as a vital asset for showcasing GXO's capabilities to global stakeholders. GXO, the world's largest pure-play contract logistics provider, manages logistics for top-tier clients across numerous warehouse locations.

GXO Logistics (NYSE: GXO) has initiated a pilot program showcasing intelligent automation at its ecommerce warehouse in Tilburg, Netherlands, utilizing KNAPP AG's Pick-it-Easy Robot technology. This marks an industry-first application aimed at optimizing apparel logistics, addressing challenges such as varying sizes and textures. The AI-driven robot enhances efficiency in product handling and sorting. Following this pilot, GXO plans to deploy four additional robots, reinforcing its commitment to logistics innovation and aiming to capture a larger share of the $130 billion logistics market.