GXO

GXO Logistics sees growth opportunities in e-commerce, health care

Officials for GXO Logistics Inc. touted their versatility in dealing with complex supply chains during the company’s first-quarter earnings call on Thursday.

GXO reported first-quarter revenue of $3 billion, a 21% year-over-year increase compared to the same quarter in 2024. Adjusted earnings per share in the first quarter was 29 cents, a 36% year-over-year decrease.

“The complexity related to potential tariffs has created a new array of challenges for our customers, including rising costs, a...

https://www.freightwaves.com/news/gxo-logistics-sees-growth-opportunities-in-e-commerce-health-care

First look: GXO Logistics Inc.

GXO Logistics Inc. reported first-quarter revenue of $3 billion, a 21% year-over-year increase compared to the same quarter in 2024.

Adjusted earnings per share in the first quarter was 29 cents, a 36% year-over-year decrease.

Greenwich, Connecticut-based GXO Logistics (NYSE: GXO) is one of the largest pure-play contract logistics providers in the world. It has more than 970 facilities totaling approximately 200 million square feet, with a global workforce of more than 130,000 people.

Wall Street...

https://www.freightwaves.com/news/first-look-gxo-logistics-inc

GXO Logistics informa grandes ganancias del cuarto trimestre de clientes de comercio electrónico

Gigante de la logística del contrato GXO Logistics Inc. Los ingresos del cuarto trimestre aumentaron un 25% año tras año a $ 3.25 mil millones, gracias a las ventas sólidas y un nuevo contrato de clientes importantes, dijeron funcionarios de la compañía. La compañía reportó sus resultados de...

https://fullavantenews.com/gxo-logistics-informa-grandes-ganancias-del-cuarto-trimestre-de-clientes-de-comercio-electronico/?lang=es

GXO Logistics reports big Q4 gains from e-commerce customers

Contract logistics giant GXO Logistics Inc.’s fourth-quarter revenue increased 25% year over year to $3.25 billion, thanks to strong sales and a major new customer contract, company officials said.

The company reported its fourth-quarter and full-year 2024 earnings results after the market closed on Wednesday.

GXO’s adjusted earnings per share in the fourth quarter increased 43% year over year to $1.

“We had a stellar sales year, closed over $1 billion of new business wins for the second year in a...

https://www.freightwaves.com/news/gxo-logistics-reports-big-q4-gains-from-e-commerce-customers

First look: GXO Logistics Q4 earnings

GXO Logistics Inc. reported strong performances in its fourth-quarter and full-year 2024 earnings results after the market closed on Wednesday.

The company’s fourth-quarter revenue increased 25% year over year to $3.25 billion. Adjusted earnings per share in the fourth quarter increased 43% year over year to $1.

Greenwich, Connecticut-based GXO Logistics (NYSE: GXO) is one of the largest pure-play contract logistics providers in the world. It has more than 970 facilities totaling approximately...

https://www.freightwaves.com/news/first-look-gxo-logistics-q4-earnings

Layoffs hit more than 900 workers tied to freight industry across US

More layoffs have hit freight-related companies across the U.S., with 948 job cuts recently announced by companies in Arizona, California, Colorado, Florida and New York.

It is the fourth wave of layoffs across the nation’s supply chain industry since early October, according to firms filing Worker Adjustment and Retraining Notification (WARN) Act notices.

Over the past eight weeks, companies announcing job cuts or facility closures include Amazon, GXO, UPS, DHL, Kuehne+Nagel, Advance Auto Parts,...

https://www.freightwaves.com/news/layoffs-hit-more-than-900-workers-tied-to-freight-industry-across-us

GXO Logistics CEO Malcom Wilson to retire

GXO Logistics CEO Malcolm Wilson will retire next year after leading the company since 2021, GXO announced Tuesday.

Wilson informed GXO’s board of directors that he plans to retire in 2025 but will continue to lead the company during the search for his successor, according to a news release.

“My time at GXO has been the highlight of my three decades in logistics,” Wilson said in a statement. “We have an outstanding organization that embraces new technologies, keeping us at the forefront of the...

https://www.freightwaves.com/news/gxo-logistics-ceo-malcom-wilson-to-retire

Over 2,400 layoffs hit supply chain-related firms across US

Layoffs continue across the freight and logistics industry, with 2,402 job cuts announced by companies in Arizona, California, Georgia, Illinois, Missouri, Ohio and Texas over the past three weeks.

True Value Co.

Hardware wholesaler True Value Co. filed for Chapter 11 bankruptcy Oct. 14 and plans to sell the majority of its assets to competitor Do it Best for $153 million.

The Chicago-based company operates as a member-owned wholesaler cooperative that sells products to hardware sellers, garden...

https://www.freightwaves.com/news/over-2400-layoffs-hit-supply-chain-related-firms-across-us

GXO Logistics sees ‘more normal’ freight market returning

GXO Logistics Inc. sees an upward trend in the global freight market in 2025, encouraged by its growing customer base and organic sales growth in the third quarter.

“We definitely are feeling that we’re out of the trough that we’ve been in for the last 12 months, and we’re getting back to a more normal kind of growth type of metric,” CEO Malcolm Wilson said during a call with analysts Tuesday. “We’re definitely building for a much stronger 2025.”

Greenwich, Connecticut-based GXO Logistics (NYSE:...

https://www.freightwaves.com/news/gxo-logistics-sees-more-normal-freight-market-returning

+ More