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GXO Announces Patrick Kelleher as Chief Executive Officer
Globenewswire· 2025-06-20 11:00
Core Viewpoint - GXO Logistics, Inc. has appointed Patrick Kelleher as the new CEO, effective August 19, 2025, to lead the company through its next growth phase [1][5]. Company Overview - GXO Logistics is the world's largest pure-play contract logistics provider, with over 150,000 team members across more than 1,000 facilities totaling over 200 million square feet [6]. - The company focuses on solving complex logistics challenges for leading blue-chip companies through technologically advanced supply chain and ecommerce solutions [6]. Leadership Background - Patrick Kelleher brings 33 years of global supply chain experience, having held senior roles at DHL Supply Chain, where he oversaw significant growth and operational improvements [2]. - Kelleher's previous positions include CEO of North America at DHL Supply Chain and global chief development officer at Williams Lea Tag [2][4]. - His expertise spans various sectors, including consumer goods, healthcare, technology, ecommerce, and manufacturing [3][4]. Strategic Vision - Kelleher is recognized for his metrics-driven leadership style, focusing on execution and innovation, and has been involved in deploying advanced robotics in logistics [4]. - He has a proven track record of overseeing mergers and acquisitions, having managed four transactions in the past year [4]. Transition of Leadership - Kelleher will succeed Malcolm Wilson, who is retiring after successfully leading GXO's global growth strategy [5].
GXO Announces Completion of UK Regulatory Review of Wincanton Acquisition and Raises Full-year 2025 Guidance
Globenewswire· 2025-06-19 12:12
Core Viewpoint - GXO Logistics has received clearance from the UK Competition and Markets Authority for its acquisition of Wincanton, with conditions for divestment of certain grocery contracts, and is raising its full-year guidance for organic revenue growth, adjusted EBITDA, and adjusted diluted EPS [1][3][8] Group 1: Acquisition Details - The UK CMA has approved GXO's acquisition of Wincanton, allowing integration of most of Wincanton's business after meeting specific administrative conditions [1][2] - Integration is set to begin in the third quarter, with immediate collaboration on ongoing aerospace and defense tenders [2] Group 2: Financial Guidance Update - The company has raised its full-year 2025 guidance due to better-than-expected volumes and productivity gains, alongside anticipated synergies from the Wincanton acquisition [3][8] - Updated guidance includes organic revenue growth of 3.5% to 6.5% (up from 3% to 6%), adjusted EBITDA of $860 million to $880 million (up from $840 million to $860 million), and adjusted diluted EPS of $2.43 to $2.63 (up from $2.40 to $2.60) [8]
GXO Introduces Enhanced GXO Direct Solution in the U.S.
Globenewswire· 2025-06-10 11:00
Core Insights - GXO Logistics, Inc. has launched an enhanced offering for midsize companies by integrating services from its acquisition of PFSweb with its GXO Direct warehousing solution [1][2] - The new unified solution aims to address the logistics needs of growing brands, providing a comprehensive service across the logistics value chain [2][4] Company Overview - GXO Logistics is the world's largest pure-play contract logistics provider, benefiting from the rapid growth of ecommerce and automation [5] - The company operates over 1,000 facilities totaling approximately 200 million square feet and employs more than 150,000 team members [5] Enhanced Offering Details - The enhanced GXO Direct product includes features such as fast onboarding, flexible space, cutting-edge technology, and a nationwide network of fulfillment centers [2][4] - Key service capabilities from PFS include high-touch contact center services, secure payments, fraud protection, and distributed order orchestration systems [2][6] Market Positioning - GXO aims to be a long-term partner for high-growth midsize brands by offering cost-effective solutions that enable one-day delivery nationwide [4] - The company is uniquely positioned to deliver innovative and agile fulfillment solutions that can accelerate the growth trajectory of brands [4] Service Capabilities - The enhanced offering includes direct-to-consumer fulfillment, multi-tenant warehousing, B2B and retail solutions, short-term storage, value-added services, transportation solutions, and commerce services [6]
GXO extends longstanding partnership with bioMérieux
GlobeNewswire News Room· 2025-05-22 11:00
Core Insights - GXO Logistics, Inc. has announced a long-term contract renewal and extension with bioMérieux, marking over 20 years of partnership in logistics services [1][2] Group 1: Contract and Collaboration - The renewed contract includes the extension of services for the Instrumentation range, following a successful overhaul of the Reagents range distribution [2] - GXO has utilized its logistics expertise to optimize bioMérieux's supply chain since 2004, focusing on innovation to enhance operational efficiency [2][4] Group 2: Logistics Solutions - The collaboration has led to a redesign of warehouse layouts to accommodate new flows while maintaining service quality, integrating automation to boost productivity and manage six temperature ranges of reagents [2][3] - GXO's operation features a unified Warehouse Management System, handling inbound and outbound logistics, while bioMérieux focuses on high-value processes like short-term storage and direct customer shipments [3] Group 3: GXO's Operations in France - GXO operates over 65 warehouses in France and is ranked as the 2 logistics service provider in the country, employing nearly 10,000 team members [5] - The company manages logistics across various sectors, including ecommerce, retail, FMCG, and technology, ensuring visibility of inventory and orders while managing sensitive, high-value SKUs [4][5] Group 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 150,000 team members across more than 1,000 facilities [6] - The company partners with leading blue-chip companies to address complex logistics challenges using advanced supply chain solutions [6]
Toolstation Selects GXO as its Logistics Partner in the Netherlands
Globenewswire· 2025-05-20 11:00
Core Insights - GXO Logistics, Inc. has entered into a new partnership with Toolstation in the Netherlands, marking Toolstation's first outsourcing of logistics operations in the region [1][7] - The partnership aims to enhance logistics efficiency and customer satisfaction through the deployment of advanced technologies and skilled personnel [2][3] Company Overview - GXO Logistics is recognized as the world's largest pure-play contract logistics provider, benefiting from the growth of e-commerce and outsourcing [4] - The company operates over 1,000 facilities, totaling approximately 200 million square feet, and employs more than 150,000 team members [4] Partnership Details - Toolstation has integrated over 100 of its colleagues into GXO's existing warehouses, which span over 30,000 square meters and manage over 15,000 SKUs [2] - GXO will utilize technologies such as handheld scanners and automated carton builders to improve operational efficiency and delivery times [2] Toolstation Overview - Toolstation offers a wide range of products, including tools, electrical products, plumbing supplies, and workwear, with over 15,000 items available across its 100+ branches in the Netherlands and Belgium [5] - The company focuses on providing competitive pricing, stock availability, and efficient service since its establishment in 2006 [5]
GXO Welcomes Five New Members to its Board of Directors
Globenewswire· 2025-05-13 16:05
Core Insights - GXO Logistics, Inc. has elected five new members to its Board of Directors, enhancing its leadership team as it aims to become the world's leading logistics provider [1][2] - The company is experiencing growth driven by e-commerce, automation, and outsourcing, positioning itself as the largest pure-play contract logistics provider globally [3] Board of Directors - Todd Cooper, with 25 years of experience in operations, will chair the Compensation Committee [4] - Julio Nemeth, a veteran in consumer goods and supply chain management, will chair the Nominating and Corporate Governance Committee [4] - Torsten Pilz, Ph.D., with extensive experience in supply chain roles at major companies, will chair the Operational Excellence Committee [4] - Laura Wilkin, founder of Excelerate Supply Chain Advisory Services, brings 30 years of experience and will contribute to the board [4] - Kyle Wismans, CFO of XPO, Inc., will chair the Audit Committee, leveraging his financial expertise [4] Company Overview - GXO operates over 1,000 facilities totaling approximately 200 million square feet and employs more than 150,000 team members [3] - The company partners with leading blue-chip companies to address complex logistics challenges using advanced technology and solutions [3]
Down 61%, Is This Industry Disruptor's Stock a Buy Right Now?
The Motley Fool· 2025-05-12 09:17
Amid worries over the trade war and signs of a weakening economy, the stock hit an all-time low recently, though GXO had some good news to share with investors when it reported first-quarter earnings last Wednesday. In a difficult macro environment, the company posted better-than-expected results. Organic revenue increased 3%, and overall revenue rose 21% to $2.98 billion, which edged out estimates at $2.93 billion. The reported revenue figure includes its acquisition of Wincanton, a British logistics compa ...
GXO Reports First Quarter 2025 Results
Globenewswire· 2025-05-07 20:30
Increased first quarter revenue 21% year over year, to $3 billion, with organic revenue growth of 3%Grew sales pipeline to three-year high of $2.5 billion, excluding WincantonRepurchased 2.8 million sharesReaffirmed full-year 2025 organic revenue growth and adjusted EBITDA guidance GREENWICH, Conn. , May 07, 2025 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO) today announced results for the first quarter 2025. Malcolm Wilson, chief executive officer of GXO, said, “GXO delivered a strong first quarter. ...
GXO Accelerates Expansion in Healthcare Logistics
GlobeNewswire News Room· 2025-05-06 11:30
Core Insights - GXO Logistics has secured a landmark 10-year, $2.5 billion contract with the UK's National Health Service (NHS), significantly expanding its presence in healthcare logistics [1][2] - The company aims to leverage this agreement as a springboard for further growth in the healthcare sector across the U.K., U.S., and Europe [2] - GXO's logistics solutions are tailored to meet the complex needs of healthcare logistics, including critical fulfillment and inventory management for hospital supplies and medical devices [3] Company Overview - GXO Logistics is the world's largest pure-play contract logistics provider, benefiting from the rapid growth of e-commerce, automation, and outsourcing [4] - The company operates over 1,000 facilities totaling approximately 200 million square feet and employs more than 150,000 team members [4] - GXO partners with leading blue-chip companies to address complex logistics challenges using technologically advanced supply chain solutions [4] Strategic Initiatives - GXO will manage 8 NHS Supply Chain distribution centers and a dedicated fleet of over 300 vehicles to provide modern logistics solutions [2] - The company has also initiated a multi-year agreement with Siemens Healthineers in the U.S. to expand its Forward Stocking Network, including new 'Mega Depots' [2] - GXO has signed additional agreements with large healthcare brands in Europe, further enhancing its healthcare logistics footprint [2] Operational Focus - GXO's logistics solutions ensure full visibility of inventory and orders while managing hundreds of thousands of sensitive, high-value SKUs [3] - The company emphasizes time-sensitive and emergency deliveries, process standardization, data accuracy, and regulatory compliance to enhance patient care [3]
GXO and Blue Yonder Announce New Strategic Global Agreement
Globenewswire· 2025-05-05 11:00
New agreement creates strategic growth opportunities for both companies while delivering industry-leading supply chain solutions for customers GREENWICH, Conn. and DALLAS, Texas, May 05, 2025 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, and Blue Yonder, the world leader in end-to-end digital supply chain transformation, announced today a global multi-year strategic agreement to deploy new end-to-end logistics software solutions that will enh ...