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, Inc. (NYSE:GXO) 1 2024 Results Conference Call May 8, 2024 8:30 AM ET Company Participants Malcolm Wilson - Chief Executive Officer Baris Oran - Chief Financial Officer Richard Cawston - Chief Revenue Officer Kristine Kubacki - Chief Strategy Officer Conference Call Participants Stephanie Moore - Jefferies Scott Schneeberger - Oppenheimer Jason Seidl - TD Cowen David Zazula - Barclays Ben Moore - Deutsche Bank Bascome Majors - Susquehanna Brian Ossenbeck - JPMorgan Kevin Gainey - Thompson Dav ...

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 ...

Exhibit 99.1 GXO Reports First Quarter 2024 Results GREENWICH, Conn. — May 7, 2024 — GXO Logistics, Inc. (NYSE: GXO) today announced results for the first quarter 2024. Malcolm Wilson, chief executive officer of GXO, said, "We delivered a strong start to 2024, reflecting our solid execution amid improving industry dynamics. The company grew revenue by 6% to $2.5 billion and delivered positive organic revenue growth, while gaining market share. We look forward to driving continued growth throughout 2024 and ...

GREENWICH, Conn., April 29, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, announced that, effective today, it has completed its acquisition of Wincanton plc. All conditions of the acquisition have been met and GXO is now the sole shareholder of Wincanton. On May 13, 2024, Wincanton shareholders will be sent consideration of 605 pence for each Wincanton share held by those shareholders at the scheme record time (6:00 p.m. BST on 26 April 2 ...

GXO's partnership with Virgin Media O2 has helped remove 48 tonnes of single use plastic since 2021 GXO has driven a 94% reduction in single use plastics across its logistics operation LONDON, U.K., April 26, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE:GXO), the world's largest pure-play contract logistics provider, announced today that its industry-leading solutions have helped its long-term partner, Virgin Media O2, to significantly reduce plastic waste in its logistics operations. GXO has worked w ...

GREENWICH, Conn., April 25, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. ("GXO" or the "company") (NYSE:GXO) today announced the pricing of $600 million of notes due 2029 (the "2029 notes") and $500 million of notes due 2034 (the "2034 notes", and together with the 2029 notes, the "notes") in a registered public offering. Each offering of notes is expected to close on May 6, 2024, subject to the satisfaction of customary closing conditions. The 2029 notes will bear interest at a rate of 6.250% per annum pay ...