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GXO Logistics, Inc. - GXO STOCK NEWS

Welcome to our dedicated page for GXO Logistics news (Ticker: GXO), a resource for investors and traders seeking the latest updates and insights on GXO Logistics stock.

GXO Logistics, Inc. (NYSE: GXO) is the world's largest pure-play contract logistics provider, leveraging advanced automation and technology to optimize supply chain solutions for its diverse portfolio of global clients. Headquartered in Greenwich, Connecticut, GXO serves a wide range of industries, including e-commerce, retail, FMCG, and technology, across more than 970 facilities covering approximately 200 million square feet. With over 130,000 dedicated team members, the company offers end-to-end supply chain solutions encompassing warehousing, distribution, order fulfillment, e-commerce, reverse logistics, and more.

Core Business and Services

GXO's core business revolves around providing technology-enabled logistics solutions tailored to meet the unique needs of its clients. The company's services are distinguished by their scalability and efficiency, ensuring optimal performance and cost-effectiveness. Key services include:

  • Warehousing and Distribution: GXO operates state-of-the-art warehousing facilities equipped with advanced automation systems, ensuring high efficiency and accuracy in handling goods.
  • Order Fulfillment: The company provides seamless order processing services that enhance client satisfaction and operational efficiency.
  • E-commerce Solutions: GXO supports the burgeoning e-commerce sector with specialized logistics solutions that cater to online retailers and marketplaces.
  • Reverse Logistics: The company offers comprehensive returns management services, helping clients recover value from returned products.

Recent Achievements and Projects

GXO has achieved significant milestones and continues to expand its operations and partnerships. Some recent highlights include:

  • 15-year Partnership with Mars in France: GXO has enhanced supply chain operations for Mars with automated solutions, increasing efficiency and reducing CO2 emissions.
  • 20-year Partnership with Levi Strauss & Co.: GXO will manage operations at a new state-of-the-art distribution center in Germany, enhancing LS&Co.'s omnichannel growth.
  • Acquisition of Wincanton: This strategic acquisition expands GXO's presence in Europe, particularly in industrial and aerospace sectors.

Financial Condition and Growth

GXO continues to show robust financial performance with increased revenue and a solid organic growth trajectory. The company reported a 6% revenue increase to $2.5 billion in the first quarter of 2024, alongside strategic business wins and an expanding sales pipeline.

With a commitment to innovation and sustainability, GXO is accelerating the deployment of machine learning and artificial intelligence to further improve productivity. The company is also investing in workforce flexibility programs, enhancing its operational agility and employee satisfaction.

Partnerships and Clientele

GXO partners with leading blue-chip companies to tackle complex logistics challenges. Noteworthy clients include Mars, Levi Strauss & Co., and Ring Concierge. The company is renowned for its high operational standards and commitment to environmental sustainability, evidenced by initiatives like the installation of LED lighting and optimization of truck movements to reduce emissions.

As the logistics industry continues to evolve, GXO remains at the forefront, leveraging cutting-edge technologies and dedicated workforce to deliver unparalleled logistics solutions worldwide.

For more information, visit GXO.com and connect with GXO on LinkedIn, X, Facebook, Instagram, and YouTube.

News
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GXO Logistics, Inc. (NYSE: GXO) extends its agreement with Avon, the health and beauty industry leader, celebrating their 15th anniversary of working together. GXO provides warehousing, value-added services, and manufacturing support to Avon's largest factory in Europe, distributing products to over 50 countries in Europe, Africa, and Asia. The partnership includes co-packing, labeling, and WMS solutions, supporting Avon's omnichannel activities and legal requirements. The facility also offers shared warehousing solutions for Avon and its suppliers, reducing operating costs and promoting growth. GXO and Avon are both dedicated to pursuing ambitious environmental goals at the Garwolin site, with ISO 9001 and ISO 14001 certifications.
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GXO Logistics, Inc. (NYSE: GXO) announced Q3 2023 revenue growth of 8% to $2.5 billion, net income of $66 million, and free cash flow of $191 million. Full-year 2023 guidance upgraded for adjusted diluted earnings per share and adjusted EBITDA. The company also secured $841 million in new business wins year to date.
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GXO Logistics has been selected to manage fulfilment of direct-to-consumer orders for The Quality Group in Germany. The partnership will be based out of GXO's state-of-the-art facility in Dormagen, which will serve as a launchpad for GXO's expansion in Germany. GXO will provide inbound services and outbound operations, including truck reception, storage, pick and pack, quality checks, and shipment to consumers in Germany. The expansion in Germany brings new energy and choice to the logistics market.
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GXO Logistics completes acquisition of PFSweb, expanding its presence in high-growth verticals in North America and Europe.
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GXO Logistics extends agreement with Waitrose & Partners for multi-service regional and national distribution
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GXO Logistics to manage U.S. logistics for Eddie Bauer with new automated warehouse
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GXO Logistics celebrates 10th year as strategic partner for ASOS
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GXO Logistics to hold Q3 conference call and webcast on November 8, 2023
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Logistics leader GXO Logistics teams up with Blue Yonder to deploy new supply chain software for GXO Direct, enhancing inventory management and order fulfillment. Customers will have real-time visibility of inventory and orders, access to value-added services, and faster onboarding. GXO Direct has experienced exponential growth and plans to expand globally. The partnership with Blue Yonder will enable faster customer onboarding and growth.
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GXO Logistics, Inc. has been awarded the 'Premio Reto Social Empresarial' by the Red Cross for its efforts in promoting equal opportunities and inclusion in the workplace. The award ceremony took place on September 28th in Guadalajara, Spain. GXO is committed to being an employer of choice, investing in learning and development for its employees globally. The company also promotes diversity and inclusion through specific initiatives and training. GXO is the leading logistics services company in Spain and Portugal, employing over 3,800 people.
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FAQ

What is the current stock price of GXO Logistics (GXO)?

The current stock price of GXO Logistics (GXO) is $58.6 as of November 4, 2024.

What is the market cap of GXO Logistics (GXO)?

The market cap of GXO Logistics (GXO) is approximately 7.0B.

What services does GXO Logistics provide?

GXO offers warehousing and distribution, order fulfillment, e-commerce solutions, reverse logistics, and other supply chain services.

Where is GXO Logistics headquartered?

GXO Logistics is headquartered in Greenwich, Connecticut, USA.

Who are some of GXO's key clients?

Key clients include Mars, Levi Strauss & Co., and Ring Concierge, among others.

What recent partnerships has GXO Logistics announced?

Recent partnerships include a 15-year partnership with Mars in France and a 20-year partnership with Levi Strauss & Co. in Germany.

How does GXO Logistics contribute to sustainability?

GXO implements sustainable practices such as LED lighting installations, optimizing truck movements to reduce emissions, and using adaptive technologies.

What are GXO's recent financial achievements?

GXO reported a 6% increase in revenue to $2.5 billion in Q1 2024, with significant new business wins and an expanded sales pipeline.

How does GXO leverage technology in its operations?

GXO uses advanced automation, AI, and machine learning to boost productivity and efficiency across its logistics operations.

What is GXO's approach to workforce management?

GXO has launched a workforce flexibility platform to offer flexible arrangements for gig workers and enhance operational agility.

What is GXO's role in the e-commerce sector?

GXO provides specialized logistics solutions for online retailers and marketplaces, supporting the rapid growth of e-commerce.

How many facilities does GXO operate globally?

GXO operates more than 970 facilities worldwide, covering approximately 200 million square feet.

GXO Logistics, Inc.

NYSE:GXO

GXO Rankings

GXO Stock Data

7.05B
119.47M
0.85%
95.2%
3.03%
Integrated Freight & Logistics
Transportation Services
Link
United States of America
GREENWICH