Core Insights - GXO Logistics has successfully completed a pilot program for a workforce flexibility platform, allowing over 1,100 gig workers to supplement its workforce across eight warehouses in the U.S. with plans for expansion [1][2] - The program aims to enhance workforce flexibility, reduce costs for customers, and provide greater engagement and opportunities for full-time employees to upskill [2][3] Company Overview - GXO Logistics is the world's largest pure-play contract logistics provider, benefiting from the growth of e-commerce and automation, with over 130,000 team members across more than 970 facilities totaling approximately 200 million square feet [5][6] - The company partners with leading blue-chip companies to address complex logistics challenges using advanced supply chain and e-commerce solutions [6] Partnership and Technology - GXO has partnered with Employbridge, the largest industrial staffing company in the U.S., to leverage technology through the EmployGig app, which enhances flexibility and attracts a diverse talent pool [2][3] - The program allows for real-time job postings and candidate matching, enabling GXO to efficiently manage headcount in response to customer demand [3][4] Workforce Demographics - The pilot program has seen a diverse participation, with nearly three-quarters of participants being women and almost a quarter being stay-at-home parents or primary caregivers [2] - Participants range in age from 18 to over 65, with approximately one-third coming from the 25–34 age group [2] Employee Feedback - Feedback from gig workers has been overwhelmingly positive, highlighting the program's flexibility and ability to accommodate personal needs, such as additional income and family time [4]

Almost everyone knows that automation is going to be a very big trend over the coming decades. The AI revolution is just getting started. But it's clear this transition toward an AI-driven future has begun in a much different way than many thought. People expected blue-collar jobs to be replaced first by AI, and almost everyone thought that white-collar jobs were not going to be disrupted in decades to come. Of course, reality has struck, as AI can help do a lot of white-collar jobs these days. That said, i ...

Core Insights - GXO Logistics has launched a new fulfillment operation for luxury jeweler Ring Concierge, enhancing its capabilities in the high-end jewelry market [1][2] - The partnership aims to streamline Ring Concierge's ecommerce and retail operations, leveraging GXO's logistics expertise and PFS's experience in high-touch fulfillment [2][3] - The fulfillment solution includes direct-to-consumer (DTC) and business-to-business (B2B) services, with a focus on providing a luxury-level packaging experience [2][3][4] Company Overview - GXO Logistics is the world's largest pure-play contract logistics provider, benefiting from the growth of ecommerce and automation, with over 130,000 employees across 970 facilities [4] - Ring Concierge, founded in 2013, is a leading luxury jeweler focused on designing for women, emphasizing client experience and utilizing social media for growth [5]

Core Insights - GXO Logistics has launched a new fulfillment operation for luxury jeweler Ring Concierge, enhancing its capabilities in the high-end jewelry market [1][2] - The partnership aims to streamline Ring Concierge's ecommerce and retail operations, leveraging GXO's logistics expertise and PFS's experience in high-touch fulfillment [2][3] - The fulfillment solution includes direct-to-consumer (DTC) and business-to-business (B2B) services, with a focus on providing a luxury-level packaging experience [2][3][4] Company Overview - GXO Logistics is the world's largest pure-play contract logistics provider, benefiting from the growth of ecommerce and automation, with over 130,000 employees across 970 facilities [4] - Ring Concierge, founded in 2013, focuses on designing jewelry for women and has experienced year-over-year growth through strategic social media use and expansion in New York City [5]

PARIS, France, May 14, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, announced the successful deployment of a large-scale robotics solution in Europe for a major global sporting goods retailer. The solution was designed to speed order processing, increase agility to respond to seasonal volume changes and deliver efficiency savings. "This tote-to-person solution, integrated with high-density storage, enables high-volume picking, storage an ...

GREENWICH, Conn., May 13, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, announced today that it has received two 2023 Supply Chain Supplier Awards from Whirlpool, a leading global appliance manufacturer. "We are pleased to receive these awards from Whirlpool because they validate our commitment to helping our customers achieve their goals through outstanding operations," said Jorge Guanter, President, Americas and Asia Pacific, GXO. "Our ...

The contract logistics stock could be getting ready for a bull run.Nearly three years ago, GXO Logistics (GXO 0.15%) was spun off from XPO, the transportation and logistics company that had been one of the best-performing stocks of the previous decade.The logic for the move was straightforward. XPO had become too complex to be valued appropriately, and then-CEO Brad Jacobs argued that the stock was undervalued due to a conglomerate discount.Spinning off GXO would allow each company to allocate capital, pay ...

New facility expected to create approximately 700 new jobs over the next 10 years Expansion of GXO's partnership with Conair creates largest single distribution center in the state of Maryland, serving all major markets in the eastern USA GREENWICH, Conn. and Hagerstown, Md., May 10, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, today is celebrating the expansion of its partnership with leading designer, manufacturer and marketer of brand ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________ FORM 10-Q _______________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40470 Two Ameri ...

GXO Logistics (GXO) came out with quarterly earnings of $0.45 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this contract logistics provider would post earnings of $0.69 per share when it actually produced earnings of $0.70, delivering a surprise of 1.45%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.GXO Logistics ...