XPO Logistics Announces GXO Virtual Investor Day on July 13

Rhea-AI Summary

XPO Logistics announced a virtual Investor Day for its upcoming logistics segment spin-off, GXO Logistics, on July 13, 2021. Key executives, including Brad Jacobs and Malcolm Wilson, will present GXO’s investment highlights, operations, and growth prospects. XPO plans to complete the spin-off in Q3 2021, creating two independent companies: GXO, the largest pure-play contract logistics provider, and XPO, a leader in transportation services. The spin-off is subject to conditions, with no assurance on its occurrence or timing.

Positive

• XPO's spin-off of GXO Logistics is expected to create two independent public companies, enhancing market focus.
• GXO will be the largest pure-play contract logistics provider globally, positioning it strongly in the logistics market.

Negative

• Completion of the spin-off is uncertain and subject to various conditions, introducing potential risks for investors.

GREENWICH, Conn., July 06, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) today announced that the incoming leadership team of GXO Logistics will host a virtual Investor Day on Tuesday, July 13, 2021, from 9:00 to 11:00 a.m. Eastern Daylight Time. GXO is XPO’s planned spin-off of its global logistics segment.

The Investor Day agenda will include management’s discussion of GXO’s investment highlights, operations, technology, financial performance and growth prospects, as well as a Q&A session. Presenting on behalf of GXO will be:

• Brad Jacobs, chairman
• Malcolm Wilson, chief executive officer
• Baris Oran, chief financial officer
• Mark Manduca, chief investment officer
• Bill Fraine, chief commercial officer
• Richard Cawston, president, Europe
• Eduardo Pelleissone, president, North America and Asia
• Gavin Williams, president, UK and Ireland
• With additional executives participating in Q&A

Investor Day Webcast
Interested parties can access GXO’s Investor Day webcast on the day of the event through the investor relations area of GXO’s website at gxo.com/investors.

About the GXO Spin-Off
XPO expects to spin off its logistics segment in the third quarter of 2021, creating two, pure-play industry powerhouses. The separation would create two independent public companies with distinct investment identities and service offerings in vast addressable markets. GXO would be the largest pure-play contract logistics provider in the world, and XPO would be a leading provider of transportation services, primarily less-than-truckload transportation and truck brokerage. Completion of the spin-off is subject to various conditions, and there can be no assurance that the transaction will occur or, if it does occur, of its terms or timing. Visit gxo.com for more information.

About XPO Logistics
XPO Logistics, Inc. (NYSE: XPO) provides cutting-edge supply chain solutions to the most successful companies in the world, with two business segments: transportation and logistics. The company helps more than 50,000 customers manage their supply chains most efficiently, using a network of 1,621 locations in 30 countries and approximately 140,000 team members, including 108,000 employees and 32,000 temporary workers. The company’s corporate headquarters are in Greenwich, Conn., USA. Visit xpo.com for more information, and connect with XPO on Facebook, Twitter, LinkedIn, Instagram and YouTube.

Forward-looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements, including the statements above regarding plans, benefits and timing of the contemplated spin-off transaction.

Investor Contacts

Tavio Headley
+1-203-413-4006
tavio.headley@xpo.com

Angus Tweedie
+44 (0) 7841-53-06-00
angus.tweedie@xpo.com

Media Contacts

Joe Checkler
+1-203-423-2098
joe.checkler@xpo.com

Anne Lafourcade
+33 (0)6 75 22 52 90
anne.lafourcade@xpo.com

FAQ

When is the XPO Logistics Investor Day for GXO?

The XPO Logistics Investor Day for GXO is scheduled for July 13, 2021, from 9:00 to 11:00 a.m. EDT.

What is GXO Logistics?

GXO Logistics is the upcoming spin-off of XPO Logistics' global logistics segment, expected to be the largest pure-play contract logistics provider.

What are the expected benefits of the XPO spin-off?

The spin-off is expected to create two independent companies, allowing each to focus on distinct industry sectors, enhancing market identity.

What is the timeline for the XPO Logistics spin-off?

XPO Logistics expects to complete the spin-off of GXO in the third quarter of 2021.

Who will present at the XPO Logistics Investor Day?

Key executives, including Brad Jacobs and Malcolm Wilson, will present at the Investor Day for GXO Logistics.