GXO

GXO Reports First Quarter 2024 Results

Retrieved on: 
Martedì, Maggio 7, 2024
AI, Depreciation, Conference, Automation, Tax, Acquisition, EPS, GXO, Growth

First quarter revenue of $2.5 billion, up 6% year over year; organic revenue growth1 of 1%

Key Points: 
  • First quarter revenue of $2.5 billion, up 6% year over year; organic revenue growth1 of 1%
    Signed new business wins of approximately $250 million in annualized revenue in 1Q 2024; up 55% year over year
    Completed acquisition of Wincanton on April 29, 2024
    GREENWICH, Conn., May 07, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO) today announced results for the first quarter 2024.
  • Malcolm Wilson, chief executive officer of GXO, said, “We delivered a strong start to 2024, reflecting our solid execution amid improving industry dynamics.
  • GXO generated $50 million of cash flow from operations, compared with $39 million for the first quarter 2023.
  • In the first quarter of 2024, GXO used $17 million of free cash flow1, compared with $43 million used for the first quarter 2023.

GXO to Manage Logistics Operations for Levi Strauss & Co at State-of-the-Art German Distribution Center

Retrieved on: 
Lunedì, Maggio 6, 2024
DTC, DIY, BASF, DDC, Biophysical environment, Partnership, Digital, FMCG, Senior, LEED, Levi Strauss & Co., GXO, WELL, OBI, Growth, Warehouse

DORSTEN, Germany and GREENWICH, Conn., May 06, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, today announced a 20-year partnership agreement with Levi Strauss & Co (LS&Co.) to manage operations at a state-of-the-art 70,000 square meter Dorsten Distribution Center (DDC) launching in early June. GXO will manage all logistics services for LS&Co. at the fully-automated facility, including value-added services, to distribute apparel and accessories across wholesale, retail, digital, ecommerce and marketplace channels.

Key Points: 
  • to manage operations at a state-of-the-art 70,000 square meter Dorsten Distribution Center (DDC) launching in early June.
  • GXO will manage all logistics services for LS&Co.
  • at the fully-automated facility, including value-added services, to distribute apparel and accessories across wholesale, retail, digital, ecommerce and marketplace channels.
  • This fully-automated site is among the greenest distribution centers in all of Europe with phenomenal sustainability features that raise the bar in the logistics industry.

GXO helps Virgin Media O2 cut single use plastic

Retrieved on: 
Venerdì, Aprile 26, 2024
Virgin Media O2, Partnership, SUP, Transport, ESG, Plastic, Virgin Media, GXO, Recycling

LONDON, U.K., April 26, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, announced today that its industry-leading solutions have helped its long-term partner, Virgin Media O2, to significantly reduce plastic waste in its logistics operations. GXO has worked with the telecomms company to cut its consumption of single use plastics (SUP) from products sent to cable customers by almost 48 tonnes since 2021, further advancing both companies’ ESG achievements.

Key Points: 
  • LONDON, U.K., April 26, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, announced today that its industry-leading solutions have helped its long-term partner, Virgin Media O2, to significantly reduce plastic waste in its logistics operations.
  • “GXO and Virgin Media O2 are working together to create a supply chain that is as environmentally responsible as it is efficient and reliable.” said Meagan Fitzsimmons, GXO’s Chief Compliance and ESG Officer.
  • GXO enabled Virgin Media O2 to reduce SUP consumption by 94%, from 50.7 tonnes p/a in 2021 to 2.9 tonnes p/a in 2023 through collaboration and implementing various initiatives, including:
    Designing a plastic-free packaging solution for Virgin Media O2 cable customers returning equipment, resulting in a reduction of 22 tonnes of SUP p/a.
  • Dana Haidan, Chief Sustainability Officer at Virgin Media O2, said:
    “As a leading UK business, we’re committed to minimising our impact on the planet.

GXO Announces Pricing of $1.1 Billion Notes Offering

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Giovedì, Aprile 25, 2024
Wincanton plc, Goldman Sachs, Sale, Prospectus, Acquisition, GXO, BofA Securities, Attention, Telephone

GREENWICH, Conn., April 25, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (“GXO” or the “company”) (NYSE: GXO) today announced the pricing of $600 million of notes due 2029 (the “2029 notes”) and $500 million of notes due 2034 (the “2034 notes”, and together with the 2029 notes, the “notes”) in a registered public offering.

Key Points: 
  • GREENWICH, Conn., April 25, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (“GXO” or the “company”) (NYSE: GXO) today announced the pricing of $600 million of notes due 2029 (the “2029 notes”) and $500 million of notes due 2034 (the “2034 notes”, and together with the 2029 notes, the “notes”) in a registered public offering.
  • Each offering of notes is expected to close on May 6, 2024, subject to the satisfaction of customary closing conditions.
  • The closing of the offering is not conditioned upon the consummation of the Wincanton acquisition.
  • A preliminary prospectus supplement and accompanying prospectus related to the offering have been filed with the SEC and are available at the SEC’s website located at www.sec.gov.

GXO Announces Launch of Senior Notes Offering

Retrieved on: 
Giovedì, Aprile 25, 2024
Wincanton plc, Goldman Sachs, Sale, Prospectus, Acquisition, GXO, BofA Securities, Attention, Telephone

GREENWICH, Conn., April 25, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (“GXO” or the “company”) (NYSE: GXO) today announced that, subject to market and other conditions, it intends to offer one or more series of its senior notes in a registered public offering.

Key Points: 
  • GREENWICH, Conn., April 25, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (“GXO” or the “company”) (NYSE: GXO) today announced that, subject to market and other conditions, it intends to offer one or more series of its senior notes in a registered public offering.
  • The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
  • The closing of the offering is not conditioned upon the consummation of the Wincanton acquisition.
  • A preliminary prospectus supplement and accompanying prospectus related to the offering have been filed with the SEC and are available at the SEC’s website located at www.sec.gov.

GXO Releases Preliminary First Quarter 2024 Results

Retrieved on: 
Mercoledì, Aprile 24, 2024
Depreciation, Webcast, Michelin, Tax, Acquisition, GXO, Beauty, Growth, WHSmith

GREENWICH, Conn., April 24, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, today announced selected preliminary financial results for the quarter ended March 31, 2024.

Key Points: 
  • GREENWICH, Conn., April 24, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, today announced selected preliminary financial results for the quarter ended March 31, 2024.
  • Malcolm Wilson, Chief Executive Officer of GXO, said, “Our solid preliminary first quarter results reflect the improving trend we noted earlier this year, and we anticipate continued sequential organic growth throughout 2024.
  • “Our pace of new business wins is accelerating, with a 55% increase year over year in first quarter wins.
  • GXO will hold its first quarter 2024 conference call and webcast on Wednesday, May 8, 2024 at 8:30 a.m. Eastern Time.

GXO Renews Agreement with Mars

Retrieved on: 
Martedì, Aprile 23, 2024
Safety, Food, Machine learning, Partnership, FMCG, Transport, Intelligence, Loiret, Automation, Boigny-sur-Bionne, LED, GXO, CO2, Sheep, Growth

GXO manages storage, distribution, returns and value added-services for a number of Mars brands across its Snacking and Food & Nutrition segments.

Key Points: 
  • GXO manages storage, distribution, returns and value added-services for a number of Mars brands across its Snacking and Food & Nutrition segments.
  • “We are delighted to expand our partnership with Mars in France,” said Rui Marques, Managing Director, France, GXO.
  • Henri Harfouche, French market supply chain director of Mars, said, “The Mars factory, based in Saint-Denis-de-l’Hôtel, historically has produced pouches and cans for our major Petfood brands.
  • Mars worked with GXO to install LED lighting on-site in 2024, with twilight and motion detection, lowering energy consumption by approximately 22% compared to the previous year.

Daikin and GXO Announce Opening of New Midlands Warehouse

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Mercoledì, Aprile 17, 2024
GXO, Heart, Agility, Heat, Daikin, Partnership, HVAC, Transport, Warehouse

LONDON, U.K., April 17, 2024 (GLOBE NEWSWIRE) -- Daikin, a renowned leader in the heating, cooling and ventilation industry, has announced the opening and commencement of outbound deliveries from its new Midlands warehouse in Daventry, in partnership with its logistics partner GXO, the world’s largest pure-play contract logistics provider.  

Key Points: 
  • The move provides a future-ready fit out of a 240,000-square-foot warehouse that will exclusively serve Daikin in the U.K. for all products and spares.
  • Sherin Hammad, Head of Operations at Daikin U.K., said, “The opening of our new warehouse in Daventry is a great leap forward for Daikin in our ability to meet our customers’ needs and reduce the environmental impact when storing and delivering units and spares.
  • “Our flexible, scalable GXO Direct shared warehousing helped support Daikin’s growth to the stage where they are ready to move to their own warehouse solution.
  • GXO Direct shared warehousing is particularly suited to helping companies, including those in the heating and ventilation sector, grow their operations in an efficient manner.”
    The Daventry warehouse provides Daikin the ability to scale up its operations, moving from several GXO Direct shared user warehouse sites, into one consolidated site.

GXO Appoints Corinna Refsgaard as Chief Human Resources Officer

Retrieved on: 
Martedì, Aprile 9, 2024
Mercedes-Benz, Fujitsu Technology Solutions, Human resources, GXO, EADS, ISS, Management

GREENWICH, Conn., April 09, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, today announced the appointment of Corinna Refsgaard as Chief Human Resources Officer, reporting to CEO Malcolm Wilson.

Key Points: 
  • GREENWICH, Conn., April 09, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, today announced the appointment of Corinna Refsgaard as Chief Human Resources Officer, reporting to CEO Malcolm Wilson.
  • Refsgaard will be responsible for global talent strategy as well as all strategic, operational and transformational HR processes, including compensation and benefits, workforce planning and performance management.
  • “We are extremely pleased to welcome Corinna to GXO,” said GXO CEO Malcolm Wilson.
  • “Corinna has extensive experience across all facets of Human Resources in large-scale global organizations and will bring a sharp focus on our people from recruitment and development to engagement and inclusion.”
    Previously, Refsgaard served as Group Chief People and Culture Officer at ISS, one of the world’s leading workplace experience and facility management companies.

GXO Appoints Nizar Trigui as Its First Chief Technology Officer

Retrieved on: 
Martedì, Marzo 12, 2024
Growth, GXO, Ford Motor Company, Dura Automotive Systems, Management

“This new global technology role realizes our commitment to provide our customers the cutting-edge competitive advantage they need to exceed their customers’ expectations and grow market share,” said Malcolm Wilson, Chief Executive Officer, GXO.

Key Points: 
  • “This new global technology role realizes our commitment to provide our customers the cutting-edge competitive advantage they need to exceed their customers’ expectations and grow market share,” said Malcolm Wilson, Chief Executive Officer, GXO.
  • “Nizar is more than a technology expert — he’s a true leader with a track record of building tech-powered organizations.
  • Trigui joined Bridgestone in 2017 as Chief Technology Officer for the Americas where he introduced several industry-first technologies and reinvigorated the product portfolio to regain market leadership and enhance pricing power.
  • Previously, he served as Chief Technology Officer for Dura Automotive Systems where he led corporate product strategy, the technology portfolio and global product development.