XPO Logistics Named a Leader in Gartner 2021 Magic Quadrant for Third-Party Logistics, Worldwide

Rhea-AI Summary

XPO Logistics has been recognized as a Leader in the Gartner Magic Quadrant for Third-Party Logistics for the sixth time in 2021. The report highlights XPO's extensive service offerings and global footprint, demonstrating its ability to execute and fulfill customer needs across various industries. CEO Malcolm Wilson emphasized the company's focus on delivering smart supply chains through automation. XPO is preparing to spin off its logistics segment, GXO Logistics, on August 2, 2021, establishing two independent entities each targeting distinct markets.

Positive

• Recognized as a Leader in the Gartner Magic Quadrant for Third-Party Logistics for the sixth time.
• Strong focus on automation and smart supply chains, aligning with customer demands.
• Plans to spin off logistics segment into GXO Logistics, enhancing market focus.

Negative

• None.

GREENWICH, Conn., July 21, 2021 (GLOBE NEWSWIRE) --  XPO Logistics, Inc. (NYSE: XPO), a leading global provider of supply chain services, has again been recognized as a Leader in the Gartner Magic Quadrant for Third-Party Logistics, Worldwide. XPO has been named a Magic Quadrant Leader six times by Gartner, Inc. — for 2021, 2020 and 2018, worldwide; and for 2021, 2019 and 2017, North America.

Malcolm Wilson, chief executive officer of XPO Logistics Europe, said, "We’re honored to once again be recognized by Gartner as a leader among best-in-class third-party logistics providers worldwide. Our focus is on providing faster, smarter supply chains through automation — this is what customers want, whether it’s e-commerce, omnichannel or B2B.”

According to Gartner, “Leaders rate well on the highly weighted criteria for both Ability to Execute and Completeness of Vision. This means the leading providers have extensive service offerings and infrastructure and make them available across and expansive global footprint. They understand the market, trends and customer needs, and translate those into well-executed service offerings further specialized for any number of industries. They are formidable at logistics execution across the service lines and run highly professional, very comprehensive logistics businesses. Leaders also have well-structured strategies and business models to continue to expand their capabilities, regional coverage and industry specialization, and they are adept at offering services for different customer segments. They invest in innovative mechanisms and capabilities to advance the art of logistics in the industry. Leaders are trusted and relied on by many of the largest global corporations to help them execute their worldwide supply chains.”

XPO is among the Leaders identified in the 2021 report: Gartner, “Magic Quadrant for Third-Party Logistics, Worldwide,” Susan Boylan, David Gonzalez, Farrah Salim, Brian Whitlock, Chris Kina, June 28, 2021. Gartner clients can access the full report here.

Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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.

About the GXO spin-off
XPO intends to spin off its logistics segment on August 2, 2021 as GXO Logistics, creating two independent public companies with distinct investment identities and service offerings in vast addressable markets. GXO will be the largest pure-play contract logistics provider in the world, and XPO will be a leading provider of transportation services, primarily less-than-truckload transportation and truck brokerage. For more information, visit gxo.com.

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.

Media Contact
XPO Logistics, Inc.
Joe Checkler
+1-203-423-2098
joe.checkler@xpo.com

FAQ

What recognition did XPO Logistics receive in July 2021?

XPO Logistics was named a Leader in the Gartner Magic Quadrant for Third-Party Logistics.

How many times has XPO been recognized as a leader in Gartner's report?

XPO has been recognized as a Leader six times.

What will happen to XPO's logistics segment on August 2, 2021?

XPO will spin off its logistics segment, creating GXO Logistics as an independent company.

What is the focus of XPO Logistics moving forward?

XPO aims to provide faster, smarter supply chains through automation.