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) delivers cutting-edge contract logistics solutions through advanced automation and technology-driven supply chain management. This news hub provides investors and professionals with essential updates on corporate developments, operational milestones, and strategic initiatives shaping the global logistics sector.
Access real-time announcements including earnings reports, merger & acquisition activity, technology partnerships, and sustainability initiatives. Our curated collection features official press releases alongside third-party analysis of GXO's warehouse automation advancements, e-commerce fulfillment strategies, and international expansion efforts.
Key updates cover:
• Quarterly financial performance
• Strategic client partnerships
• Robotics implementation progress
• Supply chain innovation benchmarks
Bookmark this page for streamlined access to verified information about GXO's market position, operational efficiency improvements, and leadership in reverse logistics solutions. Regularly updated to reflect the company's evolving role in transforming global supply networks.
GXO Logistics has appointed Rui Marques as Managing Director of GXO Iberia, overseeing operations in Spain and Portugal. Marques, who previously held this position for over a decade, returns after leading GXO's operations in France. He will lead a team of 8,500+ employees and manage the largest logistics footprint in Spain, spanning 1.5 million square meters.
Marques will focus on developing high-performing teams, driving sales growth, investing in technology, and ensuring operational excellence. His objectives include expanding GXO's portfolio of value-added services and strengthening the company's leadership in e-commerce. The appointment is part of GXO's strategy to consolidate its management team in the region and drive expansion.
GXO Logistics (NYSE: GXO) will host its second quarter 2024 earnings conference call and webcast on Tuesday, August 6, 2024, at 8:30 a.m. ET. The results will be released earlier that day at 6:30 a.m. ET and can be accessed at www.investors.gxo.com. Interested parties can join the call toll-free from the U.S./Canada at 877-407-8029 or internationally at +1 201-689-8029 using the Conference ID 13747664. A live webcast will also be available on the GXO investors' website. A replay of the conference call will be accessible until August 20, 2024, by calling toll-free 877-660-6853 (U.S./Canada) or +1 201-612-7415 (international), using the same passcode.
GXO Logistics has signed a multi-year agreement with Agility Robotics to deploy humanoid robots, Digit, in its logistics operations following a successful pilot in 2023. This agreement marks the industry's first formal commercial deployment and Robots-as-a-Service (RaaS) deployment of humanoid robots.
Digit robots will operate at GXO's SPANX facility, performing repetitive tasks such as moving totes from cobots to conveyors, coordinated through Agility's cloud platform, Agility Arc. The deployment aims to optimize operations and improve working conditions for employees.
GXO continues to explore additional use cases and scale Digit utilization based on demand. This milestone showcases Agility's commitment to generating revenue and solving real-world business problems with humanoid robots.
GXO Logistics has been nominated for two British Ex-Forces in Business Awards in 2024. The company has been recognized as Employer of the Year for supporting British veterans and reservists, marking its second consecutive year for this honor. GXO ranked 33rd in the Top 50 Employers of Veterans in the UK.
Colin Martin, a QHSE Manager at GXO, is a finalist for Reservist of the Year. Martin has 24 years of service in the Royal Logistic Corps and has been integral in bridging GXO with military operations. GXO supports its 85 reservist and veteran employees with various initiatives, including paid leave for training, mental health programs, and mobilization support.
The company has also received bronze and silver awards from the UK's Defence Employer Recognition Scheme and aims to achieve Gold Covenant status. GXO continues to foster relations with the Ministry of Defence to create recruitment pathways for military personnel transitioning to civilian careers.
GXO Logistics announced a new R&D initiative in partnership with Apptronik to advance the development of the Apollo humanoid robot for warehouse applications. This collaboration aims to improve labor-intensive processes in distribution centers by using AI-enabled humanoid robots. Apollo, which stands 5'8" tall and can carry 55 pounds, operates on swappable batteries and includes an advanced force control architecture for safe human-robot interaction. GXO will conduct a proof-of-concept phase to fine-tune Apollo's AI model before deploying it in U.S. distribution centers. This partnership marks another milestone in GXO's strategy to lead in warehouse automation.
GXO Logistics announced its recognition as the overall winner of the SDCE 2024 Top Supply Chain Projects award for its pioneering humanoid robotics pilot. This is GXO's third consecutive year receiving a top project award, and the first time it has been named the overall winner. The pilot, conducted at the SPANX facility in Georgia, tested 'Digit,' a humanoid robot developed in partnership with Agility Robotics, to perform repetitive warehouse tasks. GXO's focus on humanoid technology aims to enhance efficiency and reduce manual labor in warehouse operations.
GXO Logistics released its 2023 ESG Impact Report, showcasing significant achievements in environmental, social, and governance (ESG) initiatives.
Key highlights include:
- 78% LED coverage across global operations.
- 81.9% waste diversion from landfills.
- 13.5% of electricity from renewable sources.
- Over 1.3 million hours of employee education.
Safety improvements were notable, with a 29% decrease in the Total Recordable Incident Rate in the Americas & Asia Pacific, and an 11% decrease in the Lost Time Incident Rate in the U.K. & Europe.
The company received an
GXO Logistics has completed a successful pilot of a workforce flexibility platform across eight U.S. warehouses, engaging over 1,100 gig workers. The platform, developed in partnership with Employbridge, offers on-demand employment opportunities, especially benefiting students, caregivers, and retirees. Nearly 75% of participants are women, with a significant number being primary caregivers. The program allows GXO to adjust workforce size in real-time based on customer demand, reducing costs and enhancing operational agility. Plans are underway to expand this platform to more locations.
GXO Logistics has launched a new order fulfillment operation for luxury jeweler Ring Concierge in the U.S. This solution includes both direct-to-consumer (DTC) and business-to-business (B2B) fulfillment services. GXO aims to streamline Ring Concierge’s ecommerce and enhance consumer experiences with luxury-level packaging and personalized engraving services. The partnership follows GXO's acquisition of PFSweb, leveraging PFS's expertise in high-touch fulfillment for high-growth brands. The solution went live in Q3 2023, targeting improved efficiency and enriched consumer experiences.
GXO Logistics announced the successful deployment of a large-scale robotics solution in France for a global sporting goods retailer. The innovative tote-to-person solution integrates high-density storage and is designed to enhance order processing, agility, and efficiency. The solution covers over 12,000 square meters and employs around 500 autonomous mobile robots to handle 70,000 bins, significantly improving productivity, accuracy, and safety. This deployment is part of a major transformation of the retailer's supply chain in Europe, showcasing GXO's dedication to leveraging technology for complex global supply chain challenges. In 2023, GXO boosted its tech and automated systems by about 50%, emphasizing their commitment to automation and innovation.
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