GXO Logistics (GXO) on Monday said that Brad Jacobs will step down as non-executive chairman of the board, effective December 31, 2025, sending shares lower in early trading. Patrick Byrne will assume the role of non-executive chairman at that time. "When ...

Patrick Byrne Patrick Byrne will assume the role of Non-Executive Chairman Seasoned Executive Patrick Byrne to Become Non-Executive Chairman GREENWICH, Conn., Dec. 15, 2025 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, today announced that Brad Jacobs will step down as Non-Executive Chairman of the Board, effective December 31, 2025. Patrick Byrne will assume the role of Non-Executive Chairman at that time. The chairman transition follo ...

This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter. Dive Brief: XPO and GXO Logistics’ Brad Jacobs is stepping down at the end of this year from his positions as executive and non-executive chairman, respectively, according to a Monday news release. He’ll remain as a special advisor for XPO through June 30, 2026 as CEO Mario Harik takes over the position. GXO Logistics board member Patrick Byrne will similarly ...

Core Insights - GXO Logistics, Inc. has appointed Bart Beeks as the new Chief Operating Officer (COO), effective January 2, 2026, to enhance global operational excellence [1][5] - The appointment aims to improve productivity, efficiency, and customer value through standardized global execution [2] Company Overview - GXO Logistics is the world's largest pure-play contract logistics provider, with over 150,000 team members and more than 1,000 facilities totaling over 200 million square feet [3] - The company focuses on addressing complex logistics challenges for leading blue-chip companies, leveraging advanced supply chain and e-commerce solutions [3]

Core Points - GXO Logistics, Inc. has completed its first European bond offering, issuing €500 million in senior unsecured notes with a 3.750% annual interest rate, maturing on November 24, 2030 [1][2] - The bond offering is seen as a significant milestone for GXO as an investment-grade issuer, reflecting strong investor confidence in the company's business model [2] - Proceeds from the bond will be used to refinance upcoming maturities, thereby strengthening the company's balance sheet and positioning it for long-term growth [2] Company Overview - GXO Logistics, Inc. is the world's largest pure-play contract logistics provider, focusing on the growth of e-commerce, automation, and outsourcing [3] - The company employs over 150,000 team members across more than 1,000 facilities, totaling over 200 million square feet [3] - GXO serves leading blue-chip companies, providing advanced supply chain and e-commerce solutions [3]

Core Insights - Physical AI is emerging as the next stage of robotics, enabling machines to operate in unpredictable environments, unlike traditional automation [1][5][7] Industry Developments - Research groups are utilizing simulation, digital twins, and multimodal learning to help robots learn adaptive behaviors with minimal retraining [3][4] - The World Economic Forum highlights a shift in manufacturing, where robots are moving from isolated stations to shared work areas, enhancing their roles in production, inspection, and transport [5] - Carnegie Mellon University researchers are developing new sensor designs and training methods that allow robots to function reliably in crowded environments [6] Company Applications - Amazon's Vulcan robot exemplifies the application of physical AI, using vision and touch to handle various product shapes in fulfillment centers, integrating seamlessly with logistics software [9] - Walmart is expanding its physical AI systems to reduce costs and improve throughput across its distribution network, including a partnership with Symbotic for advanced automation [10][11] - GXO Logistics is scaling its physical AI pilots after successful deployments of AI-powered inventory robots, indicating a trend of integrating physical AI into core operational infrastructure [12]

Core Insights - GXO Logistics has achieved EN9120 certification for its multi-user facility in Dormagen, enhancing quality, traceability, and compliance for commercial aircraft parts distribution [1][2] - The certification supports GXO's ongoing expansion in Germany and reinforces its commitment to high standards in Quality, Health, Safety, and Environment (QHSE) management [1][2] Group 1: Certification and Compliance - The EN9120 certification introduces robust controls for airworthiness documentation, counterfeit avoidance, and calibrated handling throughout the distribution process [3] - The facility will store over 9,000 unique aircraft parts, significantly improving delivery times for European airlines due to its strategic location near Cologne and Düsseldorf airports [3] Group 2: Strategic Partnerships and Growth - GXO has extended its partnership with Boeing in Europe, showcasing its leadership in providing mission-critical aerospace and defense logistics solutions [2] - The company has over two decades of experience in Aerospace & Defense logistics, serving a diverse range of platforms across air, space, land, and sea [4] Group 3: Industry Position and Capabilities - GXO is recognized as a leading defense logistics provider in North America and the UK, bolstered by its acquisition of Wincanton [4] - The company operates a global network of 30 Aerospace & Defense sites, all certified to AS9100/AS9120 with ITAR-compliant processes, ensuring reliability in regulated supply chains [4]

Core Insights - The article discusses the importance of enabling Javascript and cookies in browsers to prevent access issues [1] Group 1 - The article highlights that users may face blocks if they have ad-blockers enabled [1]

Revenue and Income - Revenue for the three months ended September 30, 2025 increased by 8%, or $238 million, to $3.4 billion compared to $3.2 billion for the same period in 2024[94] - Net income for the three months ended September 30, 2025 was $60 million, a 71% increase compared to $35 million for the same period in 2024[94] - Revenue for the nine months ended September 30, 2025 increased by 14%, or $1.2 billion, to $9.7 billion compared to $8.5 billion for the same period in 2024[103] - Operating income for the three months ended September 30, 2025 was $118 million, a 46% increase compared to $81 million for the same period in 2024[94] Expenses - Direct operating expense for the three months ended September 30, 2025 increased by 7%, or $186 million, to $2.9 billion compared to $2.7 billion for the same period in 2024, representing 84.2% of revenue[96] - Direct operating expense for the nine months ended September 30, 2025 increased by 16%, or $1.1 billion, to $8.2 billion compared to $7.1 billion for the same period in 2024, representing 85.1% of revenue[104] - Selling, general and administrative expense for the nine months ended September 30, 2025 increased by $34 million to $818 million compared to $784 million for the same period in 2024[105] - Interest expense, net increased by 49% to $103 million, primarily due to debt incurred for the Wincanton Acquisition[109] Taxation - The effective tax rate for the three months ended September 30, 2025 was 31.2%, up from 16.5% for the same period in 2024, primarily due to a jurisdictional shift in pre-tax income[100] - Effective tax rate rose significantly to 118.1% for the nine months ended September 30, 2025, compared to 21.9% in 2024, driven by a non-deductible regulatory matter[110] Cash Flow and Investments - Cash and cash equivalents as of September 30, 2025, totaled $339 million, with an additional $5 million in restricted cash[113] - Net cash provided by operating activities decreased by $99 million to $264 million for the nine months ended September 30, 2025[118] - Investing activities used $169 million in cash, a significant decrease from $1.1 billion in the same period of 2024[120] - Financing activities resulted in a cash outflow of $266 million, primarily due to $200 million spent on share repurchases[121] Acquisitions and Related Costs - The Wincanton Acquisition contributed $655 million to revenue for the nine months ended September 30, 2025[103] - Transaction and integration costs for the nine months ended September 30, 2025 were $50 million, primarily related to the Wincanton Acquisition[107] Other Income and Litigation - Other income (expense), net decreased from income to expense, with a total foreign currency loss of $22 million, an increase of 83% from the previous year[109] - Litigation expense related to a customer dispute amounted to $59 million, settled in Q2 2024[109] Stock Repurchase - The company authorized a $500 million stock repurchase plan, with $300 million remaining as of September 30, 2025[114]

Core Insights - GXO Logistics achieved record revenue of $3.4 billion in Q3, representing an 8% year-over-year increase, with growth across all regions and a strategic focus on North America [1] - CEO Patrick Kelleher emphasized North America's importance, highlighting a total addressable market exceeding $250 billion in logistics [2] - The company operates over 970 facilities with a workforce of more than 130,000, indicating significant operational scale [3] Financial Performance - Adjusted EBITDA for the quarter was $251 million, up 13% year-over-year, with a margin improvement of 30 basis points [5] - Free cash flow reached $187 million, an increase from $110 million in the same period last year [5] - Full-year guidance includes organic revenue growth of 3.5% to 6.5%, adjusted EBITDA of $865 million to $885 million, and adjusted diluted EPS of $2.43 to $2.63 [6] Strategic Focus - The company is targeting market share in the industrial and technology supply chain sectors, particularly in aerospace defense, industrial, and life sciences [4] - Logistical complexities from changing trade rules and tariffs are creating opportunities for outsourcing, benefiting the company's pipeline [4] - There is an expanding sales pipeline in North America, with new contracts in sectors like aerospace and hyperscale data centers [3]