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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]
Company type | Public company |
---|---|
Predecessor | XPO Logistics |
Founded | August 2, 2021 |
Headquarters | Greenwich, Connecticut, U.S. |
Number of locations | 869[1] (2021) |
Key people |
|
Website | GXO Logistics, Inc. |
Footnotes / references [2][3] |
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[update] 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
- ^ a b c d e "XPO Logistics Completes Spin Off of GXO Logistics". supplychaindigital.com. 2021-08-02. Retrieved 2023-04-09.
- ^ "GXO Logistics, Inc. 2022 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. December 31, 2022.
- ^ "GXO Investor Presentation January 2023". GXO, Inc. Retrieved 12 January 2023.
- ^ "XPO Investor Presentation July 2021". xpo.com. July 28, 2021. Retrieved August 2, 2021.
{{cite web}}
: CS1 maint: url-status (link) - ^ 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.
- ^ "GXO Logistics, Inc". SEC.gov. June 9, 2021. Retrieved August 2, 2021.
{{cite web}}
: CS1 maint: url-status (link) - ^ Berman, Jeff. "Spin-off of GXO Logistics from XPO Logistics is a done deal". Logistics Management. Retrieved 2023-04-09.
- ^ Sharkey, Grace (18 March 2021). "XPO Announces Logistics Spinoff GXO". Freightwaves. Retrieved 19 March 2021.
- ^ 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.
- ^ "GXO completes Clipper Logistics acquisition following court approval | Financial News". www.lse.co.uk. Retrieved 2022-05-24.
- ^ "GXO eyes improved 'returns' as Clipper buy can boost reverse logistics offering". Loadstar. 9 November 2022. Retrieved 12 November 2022.
- ^ Daleo, Jack (2023-03-28). "GXO Direct launches in UK with plans for future European expansion". FreightWaves. Retrieved 2023-04-03.
- ^ 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.
- ^ 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) - ^ Solomon, Mark (2023-04-12). "GXO big winner in Sainsbury's logistics overhaul". FreightWaves. Retrieved 2023-08-29.
- ^ Kumaresan, Shivani. "GXO Logistics Partners With European Fashion Platform Zalando For Fulfillment Center Operation - GXO Logistics (NYSE:GXO)". Benzinga. Retrieved 2023-08-31.
- ^ Solomon, Mark (2023-07-25). "GXO names chief automation officer". FreightWaves. Retrieved 2023-09-06.
- ^ "Promethean en XPO Logistics breiden contract uit • TTM.nl". TTM.nl (in Dutch). 2017-08-02. Retrieved 2017-10-22.
- ^ "XPO Logistics wins Highways England contract renewal". CILT(UK). Retrieved 2017-10-22.
- ^ Crowley, Amy-Jo (2023-01-20). "GXO CEO sees large M&A opportunities in Canada". Reuters. Retrieved 2023-06-08.