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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 ...
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 ...
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 ...
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 ...
Brad Jacobs (born August 3, 1956) is an American businessman who serves as chairman and CEO of QXO, Inc. [1] [2] In addition, he is executive chairman of XPO, Inc., [3] [4] and non-executive chairman of RXO, Inc. and GXO Logistics [5] both of which are spin-off companies from XPO, Inc..
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. [22] [20] GXO stands for "game-changing opportunities". [23] Malcolm Wilson is the CEO of the company. [24]
The contract logistics stock could be getting ready for a bull run.
Clipper Logistics plc is a retail logistics company based in Leeds which serves retailers selling fashion, tobacco, alcohol and other high-value goods in the UK and Europe. It has 47 sites across Europe. [3] The company was listed on the London Stock Exchange until it was acquired by GXO Logistics in May 2022.