GXO Opens Warehouse in Maryland for Conair
GXO Logistics has opened an approximately 2.1 million-square-foot distribution center in Maryland, a facility that will exclusively serve Conair.
GXO Posts Net Loss, but Revenue Increases to $2.46B in Q1
GXO Logistics experienced a decline in earnings on an increase in revenue to $2.46 billion during the first quarter of 2024, the company reported May 7.
GXO Completes Acquisition of UK-Based Wincanton
GXO Logistics has completed its acquisition of the U.K.-based transport and logistics services company Wincanton, the company announced April 29.
April 30, 2024GXO Reports Profit, Revenue Increased in Fourth Quarter
GXO Logistics reported an increase in revenue and earnings year-over-year during the fourth quarter, despite the softer freight market, the company detailed Feb. 14.
Update: XPO Spends $870 Million for Yellow Properties
Less-than-truckload carrier XPO Inc. has agreed to pay $870 million for 26 owned terminals and two leased properties that previously were operated by Yellow Corp., emerging as a top bidder in the managed sale of the bankrupt LTL carrier’s assets, court documents show.
December 8, 2023GXO Logistics Testing Humanoid Robot at Georgia Facility
Warehouse workers could soon face new competition from robots: GXO Logistics Inc. is testing a humanoid model at its facility in Flowery Branch, Ga.
Breaking: Brad Jacobs' Bold Billion Dollar Move
Brad Jacobs, the billionaire who founded XPO Logistics Inc., is creating a publicly listed company designed for multiple acquisitions and funded with $1 billion, mostly from Jacobs himself. Jacobs has not yet said what industry he plans to expand into with his new venture.
December 5, 2023GXO Beats Soft Freight Market With Earnings Gains for Q3
GXO Logistics Inc. experienced an increase in third-quarter earnings on revenue growth despite the softer freight environment, the company reported Nov. 7.
RXO Executive Reflects on Launching Amid Freight Down Cycle
RXO Chief Strategy Officer Jared Weisfeld discussed what it was like to launch a new company amid a freight market downturn on RXO’s one-year anniversary Nov. 1.
GXO Launches End-to-End Supply Chain Software Solutions
GXO Logistics is deploying a new end-to-end supply chain software solution to support its shared warehousing service GXO Direct, the company announced Oct. 3.