(This brand new “Markets” column covers capital markets, trying to flag key events for equities, bonds, currencies and commodities. This dedicated section will show in red on Premium’s homepage when things go really awry; or in green, when we all ought to be cheerful. Although we already have a...
https://theloadstar.com/markets-thanksgiving-special-peer-behind-the-curtains/
The CEO of GXO Logistics Inc., the world’s largest pure-play contract logistics provider, said Tuesday that global supply chain bottlenecks should ease by the end of the second quarter of 2022, and that massive spikes in demand hitting GXO’s U.S. facilities are already starting to level off.
Malcolm Wilson (pictured) told analysts that “the issues that we’re seeing right now we believe are very much temporary. We’re anticipating to continue to see them probably into Q1, maybe even into Q2, but...
https://www.freightwaves.com/news/gxo-head-sees-light-at-end-of-supply-chain-tunnel
GXO Logistics has announced a second major retailer this month is using its logistics services to fulfill e-commerce orders. The logistics spinoff from XPO is now shipping inventory direct to consumers for Saks from a GXO e-fulfillment center in Middletown, Pennsylvania.
The Tuesday announcement follows a similar announcement earlier this month when GXO said it will open a 715,000-square-foot facility in Goodyear, Arizona, for Abercrombie & Fitch (NYSE: ANF). The Saks operations will take place...
https://www.freightwaves.com/news/gxo-opens-e-commerce-hub-for-saks
When GXO was spun off of parent company XPO in August, its new management team faced a task that was possibly the biggest of all: iintroduce itself to the investment community and answer the question of just who this company was and what it did.
Members of the company’s management team took a more public step in that direction Tuesday during an online forum hosted by Amit Mehrotra, the head of the Deutsche Bank transportation research team. They made the case that the contract logistics...
https://www.freightwaves.com/news/new-management-of-gxo-stops-into-an-online-forum-to-tell-its-story
It’s been a long time coming, but the market is on the verge of XPO (NYSE: XPO) spinning off its contract logistics business into GXO.
On this week’s Drilling Deep podcast, FreightWaves’ Mark Solomon, a longtime observer of XPO, talks about the reasons behind the move and what it means for the new company about to be created, as well as the company it is leaving behind. What can XPO do now that it’s been reshaped into a company that is heavily focused on transportation?
Also on the podcast this...
https://www.freightwaves.com/news/drilling-deep-its-time-for-the-big-spinoff-at-xpo
Today’s shippers have found themselves grappling with a variety of secular tailwinds, namely e-commerce growth, automation and outsourcing. While each of these factors existed before the coronavirus pandemic rocked the logistics industry last year, the impact of a global pandemic has accelerated preexisting trends and concerns.
FreightWaves President George Abernathy recently sat down with GXO Logistics Chief Investment Officer Mark Manduca to discuss how GXO can help shippers navigate these...
XPO Logistics (NYSE: XPO) announced Monday an equity offering of 5 million shares of its common stock. Half of the shares will be offered by the company with the other half coming from selling shareholder, Jacobs Private Equity, an investment company controlled by Brad Jacobs, XPO’s chairman and CEO.
XPO will use the proceeds from the transaction to pay down debt and for “general corporate purposes.” The company will not receive any proceeds from the shares sold by Jacobs.
There is also an...
https://www.freightwaves.com/news/xpos-equity-offering-includes-share-sale-from-chairman
XPO Logistics Inc. (NYSE:XPO) will maintain the current name for the transportation company after XPO spins off its logistics business into a separate, publicly traded entity in the second half of the year, the company said.
The action, which wasn’t publicly announced, is considered pro forma because following a spinoff, the remaining entity, which in XPO’s case is the transportation company, typically retains the existing name. The name of the logistics company, GXO Logistics, Inc., was...
https://s29755.pcdn.co/news/still-xpo-transportation-company-to-retain-name-after-logistics-spinoff