GXO Expands Partnership with Furniture Maker Floyd

Rhea-AI Summary

GXO Logistics has expanded its partnership with Floyd, a furniture designer, by increasing warehouse space to 120,000 square feet in Horn Lake, Mississippi. This agreement aims to enhance logistics operations for picking, packing, and managing returns, ultimately improving consumer experience for Floyd. GXO Direct will provide real-time inventory visibility and support efficient operations, which is critical for managing growth in a competitive market. The collaboration reflects GXO's strategic approach to cost-effective logistics solutions, advancing sustainability by reducing transportation impact.

Positive

• Expansion of partnership with Floyd enhances logistics capabilities.
• New 120,000 square foot warehouse will improve efficiency in operations.
• GXO Direct offers real-time inventory visibility and cost-effective solutions.
• Supports Floyd's growth and enhances consumer experience.

Negative

• None.

Agreement broadens the scope of work, adding special projects and increasing warehouse square footage for the home furnishings company

GREENWICH, Conn., Nov. 03, 2022 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, will hold a ribbon-cutting ceremony to celebrate the expansion of its partnership with innovative furniture designer and manufacturer Floyd that began in 2019. The new warehouse space, situated in a GXO Direct facility, a shared space solution in Horn Lake, Mississippi, is 120,000 square feet and will be used for picking and packing large furniture items as well as supporting kitting and returns management.

“We’ve enjoyed a great partnership with Floyd for the past several years and we’re excited to see our logistics operations expand into this new space,” said Billy Peterson, Division President, GXO Direct. “GXO Direct is an agile, cost-effective solution for responding to the challenges of managing growth, seasonality and changes in buyer behavior. With this larger space, we’ll be able to expand our scope of services, providing even better support and an unrivaled consumer experience. We’re looking forward to continuing to help Floyd efficiently grow its business.”

Floyd uses GXO Direct to achieve highly efficient picking and packing, gain real-time visibility into its inventory levels and to put its inventory within one- or two-day ground delivery of approximately 99% of the U.S. population, reducing time-in-transit as well as damage rates and losses.

Kyle Hoff, CEO and Co-Founder, Floyd, said, “As our business continues to grow, GXO has provided a cost-effective warehousing solution with immediate service benefits and rapid scalability, if and when we need additional resources. This new space will help us continue to improve the overall experience for our end-consumers throughout North America.”

GXO Direct helps companies grow strategically, providing warehousing space when and where they need it along with access to GXO’s industry-leading technology and expertise. This helps reduce fixed costs and can eliminate the need to invest in a dedicated warehouse. In addition, GXO Direct can reduce transit costs, shorten transit times and lower CO₂ emissions by reducing shipping miles and the need for carbon-intensive air transportation. 

About GXO Logistics

GXO Logistics, Inc. (NYSE: GXO) is the world’s largest pure-play contract logistics provider and is benefiting from the rapid growth of ecommerce, automation and outsourcing. GXO is committed to providing a diverse, world-class workplace for more than 130,000 team members across more than 950 facilities totaling approximately 200 million square feet. The company partners with the world’s leading blue-chip companies to solve complex logistics challenges with technologically advanced supply chain and ecommerce solutions, at scale and with speed. GXO corporate headquarters is in Greenwich, Connecticut, USA. Visit GXO.com for more information and connect with GXO on LinkedIn, Twitter, Facebook, Instagram and YouTube. 

About Floyd

Floyd offers lasting, adaptable home furniture essentials. It was founded in 2013 by Kyle and his co-founder, Alex O’Dell, out of a reaction to disposable furniture and the 10 million tons of furniture that end up in landfills in the U.S. every year. Floyd’s innovative products are designed in Detroit, and manufactured through a majority U.S.-based supply chain. Their products are predominately sold through their own digital store, floydhome.com. Their products can be found in over 50,000 homes across the country.

Media contacts

Matthew Schmidt 
+1 203-307-2809 
matt.schmidt@gxo.com 

Fallon McLoughlin
+1 203-399-6998
Fallon.McLoughlin@gxo.com

FAQ

What recent partnership has GXO Logistics expanded?

GXO Logistics has expanded its partnership with Floyd by increasing warehouse space.

How large is the new warehouse for Floyd?

The new warehouse for Floyd is 120,000 square feet.

What benefits does GXO Direct provide to Floyd?

GXO Direct provides real-time inventory visibility and support for efficient logistics operations.

When did GXO Logistics begin partnering with Floyd?

GXO Logistics began partnering with Floyd in 2019.

Where is the new GXO warehouse located?

The new GXO warehouse is located in Horn Lake, Mississippi.