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GXO Logistics, Inc. is an American global contract logistics [3] company that manages outsourced supply chains and warehousing, and reverse logistics for blue-chip customers in over thirty countries. [ 4 ] [ 5 ] [ 6 ] GXO's corporate headquarters are located in Greenwich, Connecticut , U.S. [ 7 ] Its customers include Apple , Nike Inc. , Boeing ...
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]
GXO Logistics (NYSE: GXO) was spun off from XPO (NYSE: XPO) in 2021 with a lot of promise and bright prospects. The company was created as the world's largest independent, pure-play contract ...
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 ...
The company was later listed on the New York Stock Exchange under the ticker symbol XPO, Inc. [30] In August 2021, XPO, Inc. completed its spin-off of GXO Logistics, and Jacobs became non-executive chairman of GXO's board of directors. [31] [32] [33] In August 2022, Jacobs announced plans to step aside as CEO of XPO, Inc. but remain executive ...
The news represents a surprising shift for GXO as the company is known as an acquirer, having made several acquisitions since being spun off from XPO in 2021. The stock was up 14.4% on the news as ...
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According to GXO this will vastly increase the scope of its reverse logistics services, and provide a bridgehead into Germany. Clipper has been strong in repairs and returns logistics, especially in consumer electronics, and repaired around 1.5 million items during the year ended 30 April 2022.