GXO achieved 28% revenue growth in the third quarter to a quarterly record of $3.16 billion, boosted by new e-commerce customers.
Over 600 layoffs hit freight-related companies in California, Illinois and New York, with the businesses citing loss of customers and an acquisition as reasons for the cuts.
Tech-enabled logistics solutions don’t just help you reduce costs, lower workforce constraint risk, and drive sustainability—they can fuel growth, transform the way you operate, help you reach consumers in new […]
GXO Logistics’ second-quarter revenue surged 19% year over year to $2.8 billion.
Brad Jacobs’ QXO is ready to begin acquisitions with a war chest of $5 billion in hand after two big deals.
GXO Logistics achieved 6% revenue growth in the first quarter, despite challenging freight market conditions.
In today’s FreightTech Friday roundup, we explore Transportation One’s new tech, a Truckstop survey on carrier sentiment and a recent round of funding.
The two key ratings agencies expressed caution about the debt metrics on GXO’s acquisition of Wincanton. (Photo: GXO)
XPO founder Brad Jacobs is acquiring SilverSun Technologies as a platform to make acquisitions in a yet-to-be-announced industry.
Shared warehousing, distribution and fulfillment services are making it possible for companies to adapt to fluctuations in demand, providing the same functional benefits of an owned warehouse, distribution or fulfillment center without the upfront investment and risk.
Brad Jacobs, who founded XPO and its spinoffs, didn’t provide any details on what his next venture is going to focus on.
GXO Logistics has ceased operations and laid off 378 workers at several locations across the country in recent months.
The XPO contract logistics spinoff GXO is expanding its shared warehousing solution globally, starting with the European market.
Reverse logistics is a tough, unfamiliar skill set for 3PLs. But the potential payoff is huge.
About half of the positions will be added in the U.K., with 4,000 in the U.S
Based on North American net revenue
The contract logistics provider said it wants to create the world’s largest air- and ground-based security robotics fleet.
Logistics provider GXO is now using 3D technology to automatically measure and size shipping boxes to the item being shipped.
Mark Manduca, CIO for GXO, told Modern Shipper the company is proving its logistics business model works, and retailers are responding positively.
The company is so new that there isn’t any earnings history to discuss yet, but that will change in a few weeks.
GXO will open a 715,000-square-foot distribution center in Arizona to handle distribution and e-commerce fulfillment for retailer Abercrombie & Fitch.
Companies will demand a full, scalable suite of services from their partners over the next few years, leading to widespread consolidation and the emergence of a handful of clear leaders with considerable market share.
GXO Logistics looks to capitalize on favorable macro trends.
XPO Logistics provided updated expectations for the second quarter and issued 2022 guidance for soon-to-be stand-alone logistics company GXO.
