Partnership to play a critical role in developing practical applications of the Apollo humanoid in a warehouse environment GREENWICH, Conn., June 20, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, announced it is conducting an early-stage proof-of-concept program in partnership with robot manufacturer Apptronik. This collaboration marks another milestone in GXO's strategy to advance humanoid innovation by partnering with developers to help ...

Industry-first pilot tested a humanoid robot in an actual warehouse environment "We're delighted to be recognized by SDCE for our leadership in the development of humanoid technology to drive new efficiencies in the most labor-intensive parts of the supply chain," said Adrian Stoch, Chief Automation Officer, GXO. "We have made the strategic decision to prioritize the humanoid category of our R&D agenda, based on the potential for broad applications combined with the benefit of reducing repetitive heavy lift ...

Industry-first pilot tested a humanoid robot in an actual warehouse environment Greenwich, Conn., June 17, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, announced today that it has been named the overall winner of Supply & Demand Chain Executive magazine's (SDCE) 2024 Top Supply Chain Projects award for its industryfirst pilot of humanoid robotics. This marks the third consecutive year that GXO has received a top project award and the fi ...

The development of automation, robotics, and advanced analytics makes this contract logistics provider's solutions more valuable. Management defines its major secular growth drivers as follows: Given such strong underlying earnings drivers, investors can ask why the stock trades at more than 52% off its all-time high. Where the market is now It's difficult to time the bottom of the market at the best of times, and there may be more turbulence for GXO in 2024. Still, the long-term outlook is excellent and st ...

Core Insights - GXO Logistics, Inc. has released its 2023 ESG Impact Report, showcasing its commitment to advancing ESG performance for its customers and global operations [1][2] - The company has achieved a top "AA" ESG rating from MSCI for the third consecutive year and has been recognized as one of America's Most Responsible Companies by Newsweek for the second year [2] ESG Achievements - GXO has reached 78% LED coverage across its global leased and owned operations [6] - The company has diverted 81.9% of waste associated with its operations from landfills globally [6] - GXO sources 13.5% of its electricity from renewable sources worldwide [6] - Over 1.3 million hours have been dedicated to employee education and development [6] - In the Americas and Asia Pacific, the Total Recordable Incident Rate has decreased by 29% from 2022 [6] - In the U.K. and Europe, the Lost Time Incident Rate has improved by 11% from 2022 [6] Company Overview - GXO Logistics is the world's largest pure-play contract logistics provider, benefiting from the rapid growth of e-commerce and automation [4] - The company employs over 130,000 team members across more than 970 facilities, totaling approximately 200 million square feet [4] - GXO partners with leading blue-chip companies to address complex logistics challenges using advanced supply chain and e-commerce solutions [4]

Thomas Barwick Introduction GXO Logistics (NYSE:GXO) has really captured my attention over the last few months. As one of the only pure-play, publicly traded warehouse logistics companies out there, GXO is what captured my attention at first, but when I dived into their business, I discovered what I believe to be a significantly under-appreciated stock. More so, I believe the market is currently undervaluing this business, and I am willing to bet against that pessimism. With the analysts, I also believe tha ...

Program provides on-demand employment opportunities for students, caregivers, retirees and others who value ability to make their own schedules GXO leads industry with successful pilot across the U.S., increasing workforce flexibility, raising engagement and paving way for wider rollout GREENWICH, Conn., May 21, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, announced today that it has completed a successful pilot of a workforce flexibili ...

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]