GXO Stock Recent News

GXO is down 24% YoY and 30% from its 2024 peak due to rising costs and CEO departure concerns. Despite challenges, GXO has strong top-line growth, with revenues up 28% YoY and a growing $2.4B backlog. Margins are under pressure from high CAPEX, acquisitions, and inflation, but technological investments aim to improve efficiency long-term.

GXO's shared transport network reduces environmental impact, urban congestion and transportation costs LONDON, U.K., Jan. 15, 2025 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, has partnered with The Perfume Shop, the UK's largest specialist fragrance retailer, to provide weekly high street deliveries to more than 200 stores through its shared transport network, helping reduce environmental impact, urban congestion and transportation costs. “We're delighted to be the partner of choice for The Perfume Shop to keep their high street stores across the UK fully stocked,” said Richard Ball, Director, Shared Transport Network, GXO.

Omnichannel services to foster strong growth and international expansion GXO's expertise in returns management reinforces efficiency and sustainability TREZZO SULL'ADDA, Italy, Jan. 09, 2025 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, announced today that it has signed a long-term partnership with Calliope, a lifestyle brand of the Italian fashion franchise Teddy Group. The contract includes warehouse management, e-fullfilment, returns management and value-added services such as labelling and inbound quality control.

This has been a phenomenal year for the broader indexes. But there are still plenty of opportunities for scooping up shares of out-of-favor stocks at compelling valuations.

It's been an excellent year for the market, with the S&P 500 up nearly 27% on the year at the time of writing. Unfortunately, it hasn't been such a great year for investors in copper miner Freeport-McMoRan (FCX -1.16%) (up 1% on the year), contract logistics company GXO Logistics (GXO -0.72%) (down 19%), and advanced composites manufacturer Hexcel (HXL -0.22%) (down 14%).

Strategic collaboration to enhance product availability and speed up flows and customer deliveries PARIS, France, Dec. 12, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, has announced that it has signed a contract with SAMSE Group, the second-largest French distributor of building materials and tools. This partnership is part of the SAMSE Group's strategy to optimize its supply chain.

GXO Logistics Inc. NYSE: GXO is one of the largest contract logistics companies in the transportation sector. They enable businesses to manage distribution operations and supply chains better, utilizing GXO's vast global network of warehouses and distribution networks.

Shares of GXO Logistics (GXO -2.36%) 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, and more based on reports that GXO won't be sold, as reports in October had indicated that the company was fielding multiple takeover offers.

GREENWICH, Conn., Dec. 03, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO) today announced that Malcolm Wilson, chief executive officer, has informed the board of directors that he plans to retire in 2025. He will continue to lead the company during the executive search process for his successor.

With just over a month to go in 2024, it's fair to say that it's been a good year for stocks. The S&P 500 index's level has risen 26% across the stretch, and the more growth-oriented Nasdaq Composite index has rocketed 42% higher.