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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 ...
GXO CEO on the company’s spinoff from XPO Logistics. August 2, 2021 at 2:16 PM ...
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 ...
In December 2020, XPO, Inc. announced that it would spin off its global contract logistics segment into a separate company. [10] In March 2021, XPO announced the new name of the firm as GXO Logistics Inc. [11] The spin-off was completed on August 2, 2021, [3] with American businessman Brad Jacobs named as Non-Executive Chairman, Malcolm Wilson as CEO; formerly the CEO of XPO, Inc. European ...
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 ...
XPO, Inc. is an American transportation company that conducts less-than-truckload shipping in North America. [ 9 ] [ 10 ] [ 11 ] The company has headquarters in Greenwich, Connecticut , and has 564 locations globally.
The contract logistics stock could be getting ready for a bull run.
XPO Logistics split into two companies today (August 2, 2021), and the new company is called GXO Logistics. It's a real company with real employees, real trading on the NYSE, real customers, etc., so I don't think this article should be deleted for the simple fact that this article will, inevitably, exist one day.