GXO (company)

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]

GXO Logistics, Inc.
TypePublic company
FoundedAugust 2, 2021 (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]

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 UK-based retail logistics company, Clipper Logistics plc was announced.[6][7] As part of its European expansion target, the company also opened 30 facilities of its Direct warehousing solution in the UK.[8] GXO claims that it is the most comprehensive shared space offering in the country.[8]

In January 2023, GXO extended its partnership with French manufacturer Groupe SEB.[9]

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.[10][11][12] GXO's contract logistics customers operate in retail, e-commerce, technology,[13] aerospace, telecom,[14] food and beverage,[15] healthcare,[16] agriculture and infrastructure.[17]

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.[18][19] GXO’s clients include Saks Fifth Avenue. In 2021, its e-commerce subsidiary, Saks, contracted GXO as the provider of collaborative robots and a shared-space distribution network.[20]

See also

References
  1. "XPO Investor Presentation July 2021". XPO Logistics. Retrieved 2 August 2021.
  2. "XPO Investor Presentation July 2021". xpo.com. July 28, 2021. Retrieved August 2, 2021.{{cite web}}: CS1 maint: url-status (link)
  3. "GXO Logistics, Inc". SEC.gov. June 9, 2021. Retrieved August 2, 2021.{{cite web}}: CS1 maint: url-status (link)
  4. Sharkey, Grace. "XPO Announces Logistics Spinoff GXO". Freightwaves. Retrieved 19 March 2021.
  5. "XPO Logistics Announces Second Quarter 2021 Results". July 28, 2021. Retrieved August 2, 2021.{{cite web}}: CS1 maint: url-status (link)
  6. "GXO completes Clipper Logistics acquisition following court approval | Financial News". www.lse.co.uk. Retrieved 2022-05-24.
  7. "GXO eyes improved 'returns' as Clipper buy can boost reverse logistics offering". Loadstar. 9 November 2022. Retrieved 12 November 2022.
  8. Daleo, Jack (2023-03-28). "GXO Direct launches in UK with plans for future European expansion". FreightWaves. Retrieved 2023-04-03.
  9. Millett, Carol (2023-01-23). "GXO extends partnership with French manufacturer Groupe SEB". Motor Transport. Retrieved 2023-01-30.
  10. Wolf, Connor (July 13, 2021). "XPO Spinoff GXO to Go Public Aug. 2". Transport Topics. Retrieved August 2, 2021.{{cite web}}: CS1 maint: url-status (link)
  11. "XPO Investor Presentation February 2020".|
  12. "XPO Logistics Announces Senior Leadership for Logistics Segment Spin-Off". Globe Newswire. Jan 12, 2021. Retrieved Feb 2, 2021.
  13. "Promethean en XPO Logistics breiden contract uit • TTM.nl". TTM.nl (in Dutch). 2017-08-02. Retrieved 2017-10-22.
  14. "JLG places XPO Logistics in charge of aftermarket parts distribution, will close Ohio distribution center". Equipment World. Retrieved 2017-10-22.
  15. Pegden, Tom (2017-09-10). "Revealed: Nestlé 'planning vast new county warehouse'". leicestermercury. Retrieved 2017-10-22.
  16. "XPO wins contract with VWR International - Logistics Manager". Logistics Manager. 2017-07-27. Retrieved 2017-10-22.
  17. "XPO Logistics wins Highways England contract renewal". CILT(UK). Retrieved 2017-10-22.
  18. DePillis, Lydia (15 July 2019). "America's addiction to absurdly fast shipping has a hidden cost". CNN. Retrieved 24 July 2019.
  19. Stinson, Jim (12 March 2019). "XPO Installs Two Tech Platforms to Meet Freight Challenges". Transport Topics. Retrieved 24 July 2019.
  20. Weinswig, Deborah; Hartmann, Renee (2023). Next Generation Retail: How to Use New Technology to Innovate for the Future. London: Kogan Page Publishers. p. 262. ISBN 978-1-3986-0964-8.
  • Official website
  • Business data for GXO Logistics, Inc.:
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