GXO

FreightTech Friday: Transportation One releases T1TAN TMS in-house

Logistics provider Transportation One recently announced it has gone live with T1TAN TMS to give its employees an updated experience in managing freight for customers. 

Founder and CEO Jaime Teets told FreightWaves the company had used an off-the-shelf technology for the past 14 years. Still, as transportation management systems had become more sophisticated and easier to white label, it came time for a transition.

“We are trying to customize the areas of our business that have waste to create...

https://www.freightwaves.com/news/freighttech-friday-transportation-one-releases-t1tan-tms-in-house

GXO acquisition of Wincanton draws caution and praise from ratings agencies

The two key ratings agencies have weighed in with a cautionary outlook on the offer by GXO to acquire U.K.-based contract logistics company Wincanton.

Neither Moody’s nor S&P Global Ratings reduced its credit rating on GXO (NYSE: GXO). At Moody’s, the Ba1 corporate rating is one notch below investment-grade. The S&P Global (NYSE: SPGI) rating of BBB- is the lowest investment-grade rating.

But both agencies put GXO on the equivalent of a watch list because of the additional debt the company will...

https://www.freightwaves.com/news/gxo-acquisition-of-wincanton-draws-caution-and-praise-from-ratings-agencies

Jacobs leading takeover of software company as he readies next move

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Brad Jacobs has chosen the vessel for his next act.

The man who put together the XPO freight...

https://www.freightwaves.com/news/jacobs-leading-takeover-of-software-company-as-he-readies-next-move

Scaling strategically with shared warehousing and fulfillment

Business growth can happen unexpectedly these days due to the rise of ecommerce, the sudden popularity of “viral” products and busier-than-usual peak seasons. To keep up with demand and build customer trust, a company needs to easily scale its warehousing, distribution and fulfillment capabilities. The right logistics partner can help businesses do just that.

While best-in-class third-party fulfillment services were previously only accessible to large enterprises, shared warehousing and...

https://www.freightwaves.com/news/scaling-strategically-with-shared-warehousing-and-fulfillment

XPO’s Jacobs on his next venture: Wait and see

GREENWICH, Conn. — When Brad Jacobs took the stage Tuesday at the Greenwich Economic Forum, the big question on everybody’s mind was: Just what is Jacobs Private Equity going to do?

That’s the next act for the man who founded XPO Inc. (NYSE: XPO) and who serves as its executive chairman as well as executive chairman of its two relatively recent spinoffs: logistics management company GXO (NYSE: GXO) and 3PL RXO (NYSE: RXO).

Jacobs Private Equity is Jacobs’ next venture. And despite a few mild...

https://www.freightwaves.com/news/xpos-jacobs-on-his-next-venture-wait-and-see

GXO Logistics laying off 92 workers at Texas distribution center

Contract supply chain solutions provider GXO Logistics is ceasing operations at a distribution center in Wilmer, Texas, and laying off 92 workers.

“We’re ceasing operations with one of our customers in Wilmer,” a GXO spokesperson said in an email to FreightWaves. “As a result, impacted employees will have the opportunity to transfer to GXO sites nearby that serve other customers.”

GXO will begin the layoffs on Oct. 31 and complete them by Nov. 15. GXO did not disclose the name of the customer at...

https://www.freightwaves.com/news/gxo-logistics-laying-off-92-workers-at-texas-distribution-center

GXO Direct launches in UK with plans for future European expansion

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Warehousing isn’t what it used to be. Today, vacancy rates are at historically low levels, and...

https://www.freightwaves.com/news/gxo-direct-launches-in-uk-with-plans-for-future-european-expansion

Returns could be pot of gold at end of 3PL rainbow

For third-party logistics providers to capture a share of a multitrillion-dollar global market for reverse logistics services, all they have to do is effectively synchronize product cost-recovery efforts, heightened demands of customers and their customers’ customers, and a sharp focus on sustainable operations.

Of course, it’s nowhere near that simple nor familiar. Unlike the straightforward and mature business of forward logistics in which 3PLs are well entrenched, reverse logistics is in its...

https://www.freightwaves.com/news/returns-could-be-pot-of-gold-at-end-of-3pl-rainbow

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