GXO Logistics: Leading Indicators Suggest A Robust Growth Outlook

Thomas Barwick Summary Following my coverage on GXO Logistics (NYSE:GXO) in Feb'24, which I recommended a buy rating as underlying demand trends were moving in the right direction, this post is to provide an update on my thoughts on the business and stock. I reiterate my buy rating for GXO as the outlook has gotten better. Various macro indicators and GXO's organic business wins paint a robust growth outlook for the near term, which gives confidence that the business is on track to meet its FY27 targets. In ...