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GXO Direct is the shared services division of GXO Logistics. It was introduced in 2018 to provide an option for businesses who don’t require an entire warehouse for their products. [33] GXO Direct allows multiple customers to utilize one warehouse. [37] It is operational in the U.S. and Canada. [38] In March 2023, GXO Direct was expanded in ...
Shares of GXO Logistics (NYSE: GXO) were heading lower after the company said that CEO Malcolm Wilson would retire next year. The decline in the stock seemed to be less of a reflection on Wilson ...
With multiple buyers expressing interest in GXO, a bidding war could ensue for the logistics company. GXO is a unique asset in the industry as it operates roughly 1,000 high-tech warehouses in ...
With GXO's market cap at $7 billion, any buyer of the company would likely be a large global shipper such as DHL or FedEx. GXO owns and operates roughly 1,000 warehouses across North America and ...
In August 2021, the company spun off its contract logistics business into a separate company named GXO Logistics, with facilities located primarily throughout North America and Europe. [24] [22] GXO stands for "game-changing opportunities". [25] Malcolm Wilson is the CEO of the company. [26]
Wincanton plc is a British provider of logistics with its origins in milk haulage. The company provides transport and logistics services including specialist automated high bay, high capacity warehouses, and supply chain management for businesses. The company was listed on the London Stock Exchange until it was acquired by GXO Logistics in ...
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