Strategic collaboration to enhance product availability and speed up flows and customer deliveries PARIS, France, Dec. 12, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, has announced that it has signed a contract with SAMSE Group, the second-largest French distributor of building materials and tools. This partnership is part of the SAMSE Group's strategy to optimize its supply chain. GXO will manage the Group's omnichannel logistics, fro ...

Shares of GXO Logistics (GXO -2.56%) were heading lower after the company said that CEO Malcolm Wilson would retire next year. The decline in the stock seemed to be less of a reflection on Wilson, and more based on reports that GXO won't be sold, as reports in October had indicated that the company was fielding multiple takeover offers.As a result, the stock was down 18.2% for the week as of Thursday at 12:50 p.m. ET, according to data from S&P Global Market Intelligence. What's behind the retirement?In a p ...

GREENWICH, Conn., Dec. 03, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO) today announced that Malcolm Wilson, chief executive officer, has informed the board of directors that he plans to retire in 2025. He will continue to lead the company during the executive search process for his successor. Brad Jacobs, chairman of the GXO Board of Directors, said, “Malcolm’s countless contributions to GXO and its legacy parent XPO span nearly a decade. Under his leadership, GXO has added more than $3 billion ...

These great stocks have what it takes to bounce back and deliver wins for investors.With just over a month to go in 2024, it's fair to say that it's been a good year for stocks. The S&P 500 index's level has risen 26% across the stretch, and the more growth-oriented Nasdaq Composite index has rocketed 42% higher.While a powerful bull market is in swing and some companies are rocketing to new highs, there are still high-quality growth stocks out there that are trading far below previous valuation peaks. With ...

Successful partnership extended beyond retail to include ecommerce and returns WARSAW, Poland, Nov. 28, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, and OBI, a leading brand in the European DIY market, today announced their partnership renewal which will extend beyond retail to include ecommerce and returns, at an onsite celebration of the partnership’s fifth anniversary. The partnership began in 2019 and initially focused on delivering ...

It makes sense to try and get ahead of the crowd, and that's why stocks like GXO Logistics (GXO -1.75%) and Honeywell (HON -0.09%) should be high on investors' lists of stocks to look at. Both companies look set to benefit from a pickup in growth in e-commerce spending that will encourage capital spending in the future.Here's why these two stocks could be great additions to a portfolio.The e-commerce cycle is turningIn truth, the growth in e-commerce spending has never really gone away. Still, the cadence o ...

Brits plan to spend £352 on Christmas presents this year 25-34 year olds are most likely to get their gifts on Black Friday 1 in 8 shoppers plan to buy the majority of Christmas shopping in Black Friday sales LONDON, U.K., Nov. 21, 2024 (GLOBE NEWSWIRE) -- A new survey of UK consumers commissioned by GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, has revealed that 54% of Brits who plan to shop for Christmas presents this year will use special deal days like Black ...

Investment Thesis - The analyst recommends a buy rating for GXO (NYSE: GXO) due to expectations of continued growth driven by robust organic business wins and positive macroeconomic indicators [1] - The analyst employs a fundamentals-based approach to value investing, focusing on companies with steady long-term growth, no cyclicality, and a strong balance sheet [1] - The analyst disagrees with the notion that low multiple stocks are inherently cheap, instead seeking companies offering the best long-term durability at affordable prices [1] - The analyst acknowledges that investing in successful companies carries risks, particularly the risk of overpaying, but believes that in some cases, the growth potential is so significant that price becomes less relevant in the short term [1] Analyst's Position - The analyst has no stock, option, or derivative positions in any of the mentioned companies and no plans to initiate such positions within the next 72 hours [2] - The article represents the analyst's own opinions and is not influenced by any compensation or business relationships with the mentioned companies [2]

Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $0.01 per share GXO New York Stock Exchange 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 q ...

GXO Logistics, Inc. (NYSE:GXO) Q3 2024 Earnings Conference Call November 5, 2024 8:30 AM ET Company Participants Malcolm Wilson - Chief Executive Officer Baris Oran - Chief Financial Officer Kristine Kubacki - Chief Strategy Officer Conference Call Participants Joe Hafling - Jefferies Scott Schneeberger - Oppenheimer Chris Wetherbee - Wells Fargo Ravi Shanker - Morgan Stanley Brian Ossenbeck - JPMorgan Brandon Oglenski - Barclays Bascome Majors - Susquehanna Jason Seidl - TD Cowen Ariel Rosa - Citigroup Tom ...