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.
GXO Logistics, Inc. (NYSE: GXO) has been awarded two 2023 Supply Chain Supplier Awards from Whirlpool for safety, quality, and innovation. GXO received the Safety & Quality Award for 1,000 accident-free days in Columbus and the Supply Chain Innovation Award for implementing portable testing units in Chicago. These awards highlight GXO's commitment to safety, quality, and innovation in logistics operations.
GXO Logistics, Inc. opens a new distribution hub in Hagerstown, Maryland, expanding its partnership with Conair. The facility will create around 700 new jobs over the next decade, becoming the largest distribution center in Maryland and the nation for small appliances. The distribution center will serve all major markets in the eastern USA, with approximately 2.1 million square feet of space. GXO's use of advanced automated solutions, including autonomous mobile robots, aims to increase efficiency, productivity, accuracy, and safety. The new facility's strategic location will reduce Conair's CO2 emissions by approximately 2,100 metric tons annually, while creating a positive impact on the environment and local community.
GXO Logistics, Inc. (NYSE: GXO) reported first quarter 2024 results with revenue of $2.5 billion, up 6% YoY. The company signed new business wins of approximately $250 million, up 55% YoY, and completed the acquisition of Wincanton. Despite a net loss of $36 million due to legacy litigation expenses, the company remains confident in its growth trajectory and reiterated its full-year 2024 guidance and 2027 financial targets.
GXO Logistics, Inc. (NYSE: GXO) announced a 20-year partnership with Levi Strauss & Co to manage operations at a 70,000 square meter Dorsten Distribution Center in Germany. The site, LEED and WELL Health-Safety certified, will create up to 650 jobs by 2026. GXO will provide logistics services for LS&Co. across various channels, emphasizing sustainability and cutting-edge technology.
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