Company:GXO

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Short description: American contract logistics and warehousing company
GXO Logistics, Inc.
TypePublic company
FoundedAugust 2, 2021; 2 years ago (2021-08-02)
HeadquartersGreenwich, Connecticut, U.S.
Number of locations
906 (2021)
Key people
Brad Jacobs
(Non-Executive Chairman)
Malcolm Wilson (CEO)
Baris Oran (CFO)
RevenueIncrease US$7 billion (2021)
Number of employees
75,000 (December 31, 2021)
Websitegxo.com
Footnotes / references
[1]

GXO Logistics, Inc. (trade name GXO) is an American global contract logistics company that manages outsourced supply chains and warehousing.[2] GXO's corporate headquarters are located in Greenwich, Connecticut, U.S.[3]

History

In December 2020, XPO Logistics announced that it would spin off its global contract logistics segment into a separate company, GXO Logistics Inc.[4] The spin-off was completed in August 2021, with American businessman Brad Jacobs as Non-Executive Chairman, Malcolm Wilson as CEO, and Baris Oran as CFO.[5]

In May 2022 the acquisition by GXO of the United Kingdom -based retail logistics company, Clipper Logistics plc was announced.[6][7]

In January 2023, GXO extended its partnership with French manufacturer Groupe SEB.[8]

Operations

GXO operates approximately 869 warehouses with 208 million square feet of facility space, making it the largest third-party pure-play contract logistics provider globally.[9][10][11] GXO's contract logistics customers operate in retail, e-commerce, technology,[12] aerospace, telecom,[13] food and beverage,[14] healthcare,[15] agriculture and infrastructure.[16]

Technology

A number of IT professionals and data scientists work at GXO in the fields of automation and intelligent machines, forecasting demand, predictive analytics, pricing algorithms, and workforce planning.[17][18]

A joint venture between GXO and Nestlé opened a “warehouse of the future” in Leicestershire in 2020. The distribution center is a “testbed” for new technologies in logistics.

See also

Note: This topic belongs to "Companies" portal

  • Economy of Connecticut

References

  1. ↑ "XPO Investor Presentation July 2021". XPO Logistics. https://investors.xpo.com/static-files/7cee4ee3-0f3b-4959-8183-8fc705c7ef7d/. 
  2. ↑ "XPO Investor Presentation July 2021". July 28, 2021. https://investors.xpo.com/static-files/7cee4ee3-0f3b-4959-8183-8fc705c7ef7d. 
  3. ↑ "GXO Logistics, Inc.". June 9, 2021. https://www.sec.gov/Archives/edgar/data/1852244/000162828021011851/gxologisticsform10.htm. 
  4. ↑ Sharkey, Grace. "XPO Announces Logistics Spinoff GXO". https://www.freightwaves.com/news/xpo-announces-logistics-spinoff-gxo. 
  5. ↑ "XPO Logistics Announces Second Quarter 2021 Results". July 28, 2021. https://sec.report/Document/0001104659-21-097054/#tm2123565d1_ex99-1.htm. [|permanent dead link|dead link}}]
  6. ↑ "GXO completes Clipper Logistics acquisition following court approval | Financial News" (in en). https://www.lse.co.uk/news/gxo-completes-clipper-logistics-acquisition-following-court-approval-th1u2abxtogcrzh.html. 
  7. ↑ "GXO eyes improved 'returns' as Clipper buy can boost reverse logistics offering". Loadstar. 9 November 2022. https://theloadstar.com/gxo-eyes-improved-returns-as-clipper-buy-can-boost-reverse-logistics-offering/. 
  8. ↑ Millett, Carol (2023-01-23). "GXO extends partnership with French manufacturer Groupe SEB" (in en-US). https://motortransport.co.uk/blog/2023/01/23/gxo-extends-partnership-with-french-manufacturer-groupe-seb/. 
  9. ↑ Wolf, Connor (July 13, 2021). "XPO Spinoff GXO to Go Public Aug. 2". https://www.ttnews.com/articles/xpo-spinoff-takes-major-steps-during-investor-day-presentation. 
  10. ↑ "XPO Investor Presentation February 2020". http://investors.xpo.com/static-files/8c1db504-1e6e-47c5-bf95-aa72af404d80. |
  11. ↑ "XPO Logistics Announces Senior Leadership for Logistics Segment Spin-Off". Jan 12, 2021. https://www.globenewswire.com/news-release/2021/01/12/2156941/0/en/XPO-Logistics-Announces-Senior-Leadership-for-Logistics-Segment-Spin-Off.html. [self-published source]
  12. ↑ "Promethean en XPO Logistics breiden contract uit • TTM.nl" (in nl-NL). TTM.nl. 2017-08-02. https://www.ttm.nl/nieuws/promethean-en-xpo-logistics-breiden-contract/90788/. 
  13. ↑ "JLG places XPO Logistics in charge of aftermarket parts distribution, will close Ohio distribution center" (in en). https://www.equipmentworld.com/jlg-places-xpo-logistics-in-charge-of-aftermarket-parts-distribution-will-close-ohio-distribution-center/. 
  14. ↑ Pegden, Tom (2017-09-10). "Revealed: Nestlé 'planning vast new county warehouse'". leicestermercury. http://www.leicestermercury.co.uk/news/business/revealed-nestl-planning-vast-new-446990. 
  15. ↑ "XPO wins contract with VWR International - Logistics Manager" (in en-GB). Logistics Manager. 2017-07-27. https://www.logisticsmanager.com/xpo-wins-contract-with-vwr-international/. 
  16. ↑ "XPO Logistics wins Highways England contract renewal" (in en-GB). CILT(UK). https://www.ciltuk.org.uk/News/LatestNews/TabId/235/ArtMID/6887/ArticleID/13540/XPO-Logistics-wins-Highways-England-contract-renewal.aspx. 
  17. ↑ DePillis, Lydia (15 July 2019). "America's addiction to absurdly fast shipping has a hidden cost". CNN. https://www.cnn.com/2019/07/15/business/fast-shipping-environmental-impact/index.html. 
  18. ↑ Stinson, Jim (12 March 2019). "XPO Installs Two Tech Platforms to Meet Freight Challenges" (in en). Transport Topics. https://www.ttnews.com/articles/xpo-installs-two-tech-platforms-meet-freight-challenges-0. [|permanent dead link|dead link}}]

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