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In May 2022, GXO announced the acquisition of the UK-based retail logistics company, Clipper Logistics.<ref>{{Cite web |title=GXO completes Clipper Logistics acquisition following court approval {{!}} Financial News |url=https://www.lse.co.uk/news/gxo-completes-clipper-logistics-acquisition-following-court-approval-th1u2abxtogcrzh.html |access-date=2022-05-24 |website=www.lse.co.uk |language=en}}</ref><ref>{{Cite news |date=9 November 2022 |title=GXO eyes improved 'returns' as Clipper buy can boost reverse logistics offering |publisher=Loadstar |url=https://theloadstar.com/gxo-eyes-improved-returns-as-clipper-buy-can-boost-reverse-logistics-offering/ |access-date=12 November 2022}}</ref> As part of its European expansion, the company also opened 30 shared warehouse facilities in the UK.<ref name=":0">{{Cite web |last=Daleo |first=Jack |date=2023-03-28 |title=GXO Direct launches in UK with plans for future European expansion |url=https://www.freightwaves.com/news/gxo-direct-launches-in-uk-with-plans-for-future-european-expansion |access-date=2023-04-03 |website=FreightWaves |language=en-US}}</ref> By the end of 2022, the company had approximately 7,600 pieces of technology operational in customer sites.<ref name=":2">{{Cite web |last=Events |first=UKi Media & |date=2022-12-07 |title=GXO grows North America and Europe technology deployment by more than 50% in 2022 |url=https://www.parcelandpostaltechnologyinternational.com/news/automation/gxo-grows-north-america-and-europe-technology-deployment-by-more-than-50-in-2022.html |access-date=2023-07-27 |website=Parcel and Postal Technology International |language=en-GB}}</ref> This included [[Cobot|collaborative robots]], vision scanners, [[Automated guided vehicle|automated guided vehicles]] (AGVs) and goods-to-person robots.<ref name=":2" /> In July 2023, GXO announced the deployment of GRS (Global Robotics Services) robots within a 3D sorting system on its site in [[Stradella, Lombardy|Stradella, Italy]], which increased sorting speed by three times the rate of the previous method.<ref>{{Cite web |last=Staff |first=Robotics 24/7 |title=GXO Pilots 3D Sortation System in Stradella, Italy |url=https://www.robotics247.com/article/gxo_pilots_3d_sortation_system_in_stradella_italy |access-date=2023-08-23 |website=Robotics 24/7 |language=en}}</ref>
In May 2022, GXO announced the acquisition of the UK-based retail logistics company, Clipper Logistics.<ref>{{Cite web |title=GXO completes Clipper Logistics acquisition following court approval {{!}} Financial News |url=https://www.lse.co.uk/news/gxo-completes-clipper-logistics-acquisition-following-court-approval-th1u2abxtogcrzh.html |access-date=2022-05-24 |website=www.lse.co.uk |language=en}}</ref><ref>{{Cite news |date=9 November 2022 |title=GXO eyes improved 'returns' as Clipper buy can boost reverse logistics offering |publisher=Loadstar |url=https://theloadstar.com/gxo-eyes-improved-returns-as-clipper-buy-can-boost-reverse-logistics-offering/ |access-date=12 November 2022}}</ref> As part of its European expansion, the company also opened 30 shared warehouse facilities in the UK.<ref name=":0">{{Cite web |last=Daleo |first=Jack |date=2023-03-28 |title=GXO Direct launches in UK with plans for future European expansion |url=https://www.freightwaves.com/news/gxo-direct-launches-in-uk-with-plans-for-future-european-expansion |access-date=2023-04-03 |website=FreightWaves |language=en-US}}</ref> By the end of 2022, the company had approximately 7,600 pieces of technology operational in customer sites.<ref name=":2">{{Cite web |last=Events |first=UKi Media & |date=2022-12-07 |title=GXO grows North America and Europe technology deployment by more than 50% in 2022 |url=https://www.parcelandpostaltechnologyinternational.com/news/automation/gxo-grows-north-america-and-europe-technology-deployment-by-more-than-50-in-2022.html |access-date=2023-07-27 |website=Parcel and Postal Technology International |language=en-GB}}</ref> This included [[Cobot|collaborative robots]], vision scanners, [[Automated guided vehicle|automated guided vehicles]] (AGVs) and goods-to-person robots.<ref name=":2" /> In July 2023, GXO announced the deployment of GRS (Global Robotics Services) robots within a 3D sorting system on its site in [[Stradella, Lombardy|Stradella, Italy]], which increased sorting speed by three times the rate of the previous method.<ref>{{Cite web |last=Staff |first=Robotics 24/7 |title=GXO Pilots 3D Sortation System in Stradella, Italy |url=https://www.robotics247.com/article/gxo_pilots_3d_sortation_system_in_stradella_italy |access-date=2023-08-23 |website=Robotics 24/7 |language=en}}</ref>


In April 2023, GXO announced a partnership with Sainsbury, the UK supermarket chain,  to manage fresh and frozen shipments at several warehouse sites.<ref>{{Cite web |last=Solomon |first=Mark |date=2023-04-12 |title=GXO big winner in Sainsbury’s logistics overhaul |url=https://www.freightwaves.com/news/gxo-big-winner-in-sainsburys-logistics-overhaul |access-date=2023-08-29 |website=FreightWaves |language=en-US}}</ref> In June 2023, the company signed a partnership agreement with [[Zalando]] for a new, automated fulfillment center in [[Montereau-sur-le-Jard]], located near [[Paris|Paris, France]].<ref>{{Cite web |last=Kumaresan |first=Shivani |title=GXO Logistics Partners With European Fashion Platform Zalando For Fulfillment Center Operation - GXO Logistics (NYSE:GXO) |url=https://www.benzinga.com/markets/equities/23/06/32964740/gxo-logistics-partners-with-european-fashion-platform-zalando-for-fulfillment-center-operation |access-date=2023-08-31 |website=Benzinga |language=English}}</ref>
In April 2023, GXO announced a partnership with Sainsbury, the UK supermarket chain,  to manage fresh and frozen shipments at several warehouse sites.<ref>{{Cite web |last=Solomon |first=Mark |date=2023-04-12 |title=GXO big winner in Sainsbury’s logistics overhaul |url=https://www.freightwaves.com/news/gxo-big-winner-in-sainsburys-logistics-overhaul |access-date=2023-08-29 |website=FreightWaves |language=en-US}}</ref> In June 2023, the company signed a partnership agreement with [[Zalando]] for a new, automated fulfillment center in [[Montereau-sur-le-Jard]], located near [[Paris|Paris, France]].<ref>{{Cite web |last=Kumaresan |first=Shivani |title=GXO Logistics Partners With European Fashion Platform Zalando For Fulfillment Center Operation - GXO Logistics (NYSE:GXO) |url=https://www.benzinga.com/markets/equities/23/06/32964740/gxo-logistics-partners-with-european-fashion-platform-zalando-for-fulfillment-center-operation |access-date=2023-08-31 |website=Benzinga |language=English}}</ref> In July 2023, GXO announced that Adrian Stoch was appointed to the new executive position of chief automation officer.<ref>{{Cite web |last=Solomon |first=Mark |date=2023-07-25 |title=GXO names chief automation officer |url=https://www.freightwaves.com/news/gxo-names-chief-automation-officer |access-date=2023-09-06 |website=FreightWaves |language=en-US}}</ref>


== Operations ==
== Operations ==

Revision as of 02:18, 6 September 2023

GXO Logistics, Inc.
Company typePublic company
PredecessorXPO Logistics
FoundedAugust 2, 2021; 3 years ago (2021-08-02)
HeadquartersGreenwich, Connecticut, U.S.
Number of locations
869[1] (2021)
Key people
  • Brad Jacobs
    (Non-Executive Chairman)
  • Malcolm Wilson (CEO)
  • Baris Oran (CFO)
WebsiteGXO Logistics, Inc.
Footnotes / references
[2][3]

GXO Logistics, Inc. (trade name GXO) is an American global contract logistics[1] company that manages outsourced supply chains and warehousing.[4][5] GXO's corporate headquarters are located in Greenwich, Connecticut, U.S.[6]

History

In December 2020, XPO, Inc. announced that it would spin off its global contract logistics segment into a separate company.[7] In March 2021, XPO announced the new name of the firm as GXO Logistics Inc.[8] The spin-off was completed on August 2, 2021,[1] with American businessman Brad Jacobs as Non-Executive Chairman, Malcolm Wilson as CEO; formerly the CEO of XPO, Inc. European division,[1] and Baris Oran as CFO.[9]

In May 2022, GXO announced the acquisition of the UK-based retail logistics company, Clipper Logistics.[10][11] As part of its European expansion, the company also opened 30 shared warehouse facilities in the UK.[12] By the end of 2022, the company had approximately 7,600 pieces of technology operational in customer sites.[13] This included collaborative robots, vision scanners, automated guided vehicles (AGVs) and goods-to-person robots.[13] In July 2023, GXO announced the deployment of GRS (Global Robotics Services) robots within a 3D sorting system on its site in Stradella, Italy, which increased sorting speed by three times the rate of the previous method.[14]

In April 2023, GXO announced a partnership with Sainsbury, the UK supermarket chain,  to manage fresh and frozen shipments at several warehouse sites.[15] In June 2023, the company signed a partnership agreement with Zalando for a new, automated fulfillment center in Montereau-sur-le-Jard, located near Paris, France.[16] In July 2023, GXO announced that Adrian Stoch was appointed to the new executive position of chief automation officer.[17]

Operations

Following the split in August 2021 from XPO, Inc., GXO had approximately 94,000 employees and operated 869 warehouses with more than 208 million sq ft (19.3 million m2) of facility space across 27 countries.[1] GXO's contract logistics customers operate in technology[18] and infrastructure.[19] In 2023, GXO was the world’s largest contract logistics provider.[20]

See also

References

  1. ^ a b c d e "XPO Logistics Completes Spin Off of GXO Logistics". supplychaindigital.com. 2021-08-02. Retrieved 2023-04-09.
  2. ^ "GXO Logistics, Inc. 2022 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. December 31, 2022.
  3. ^ "GXO Investor Presentation January 2023". GXO, Inc. Retrieved 12 January 2023.
  4. ^ "XPO Investor Presentation July 2021". xpo.com. July 28, 2021. Retrieved August 2, 2021.{{cite web}}: CS1 maint: url-status (link)
  5. ^ Hill, David (January 13, 2023). "MONEY FROM MOVING: Geography, infrastructure, megatrends drive growth in Triad's logistics industry". www.bizjournals.com. Retrieved 2023-06-17.
  6. ^ "GXO Logistics, Inc". SEC.gov. June 9, 2021. Retrieved August 2, 2021.{{cite web}}: CS1 maint: url-status (link)
  7. ^ Berman, Jeff. "Spin-off of GXO Logistics from XPO Logistics is a done deal". Logistics Management. Retrieved 2023-04-09.
  8. ^ Sharkey, Grace (18 March 2021). "XPO Announces Logistics Spinoff GXO". Freightwaves. Retrieved 19 March 2021.
  9. ^ Warfield, Andy (August 3, 2021). "GXO chief financial officer: Triad a strategic location for firm's North American growth". www.bizjournals.com. Retrieved 2023-06-01.
  10. ^ "GXO completes Clipper Logistics acquisition following court approval | Financial News". www.lse.co.uk. Retrieved 2022-05-24.
  11. ^ "GXO eyes improved 'returns' as Clipper buy can boost reverse logistics offering". Loadstar. 9 November 2022. Retrieved 12 November 2022.
  12. ^ Daleo, Jack (2023-03-28). "GXO Direct launches in UK with plans for future European expansion". FreightWaves. Retrieved 2023-04-03.
  13. ^ a b Events, UKi Media & (2022-12-07). "GXO grows North America and Europe technology deployment by more than 50% in 2022". Parcel and Postal Technology International. Retrieved 2023-07-27.
  14. ^ Staff, Robotics 24/7. "GXO Pilots 3D Sortation System in Stradella, Italy". Robotics 24/7. Retrieved 2023-08-23.{{cite web}}: CS1 maint: numeric names: authors list (link)
  15. ^ Solomon, Mark (2023-04-12). "GXO big winner in Sainsbury's logistics overhaul". FreightWaves. Retrieved 2023-08-29.
  16. ^ Kumaresan, Shivani. "GXO Logistics Partners With European Fashion Platform Zalando For Fulfillment Center Operation - GXO Logistics (NYSE:GXO)". Benzinga. Retrieved 2023-08-31.
  17. ^ Solomon, Mark (2023-07-25). "GXO names chief automation officer". FreightWaves. Retrieved 2023-09-06.
  18. ^ "Promethean en XPO Logistics breiden contract uit • TTM.nl". TTM.nl (in Dutch). 2017-08-02. Retrieved 2017-10-22.
  19. ^ "XPO Logistics wins Highways England contract renewal". CILT(UK). Retrieved 2017-10-22.
  20. ^ Crowley, Amy-Jo (2023-01-20). "GXO CEO sees large M&A opportunities in Canada". Reuters. Retrieved 2023-06-08.
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