GXO Stock Recent News
GXO LATEST HEADLINES
GXO Logistics has had a slight pause in growth, but its outlook looks promising. Currently operates with ROIC below WACC, but there will be a significant improvement in returns in the next couple of years. GXO's profitability has been impacted by investments in automations, acquisitions, external factors like higher interest rates.
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PFSweb, now part of GXO, launches new order fulfillment solution for leading luxury jeweler GREENWICH, Conn., May 16, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, announced today that it has launched a new fulfillment operation for Ring Concierge in the U.S. “We're excited to add Ring Concierge as a valued customer in the luxury jewelry market,” said Jorge Guanter, President, Americas and Asia Pacific, GXO.
Since its creation in 2021, GXO has steadily grown revenue and profits, but the stock has been flat. The company's acquisition of Wincanton should give it another valuable growth opportunity.
GXO Logistics (GXO) came out with quarterly earnings of $0.45 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.49 per share a year ago.
GREENWICH, Conn., April 04, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO) will hold its first quarter 2024 earnings conference call and webcast on Wednesday, May 8, 2024, at 8:30 a.m. Eastern Time. The company's results will be released after market close on Tuesday, May 7, 2024, and made available at that time on www.investors.gxo.com .
The Zacks Industry Rank for the Transportation-Air Freight and Cargo industry paints a poor picture. Braving the headwinds, UPS and GXO are worth being on investors' radar.
GXO Logistics: Underlying Trends Are Painting A Positive Outlook
Wincanton PLC (LSE:WIN, OTC:WNCNF) has confirmed US logistics group GXO as an interested party in a heated bidding war with the London-listed company. Shares Wincanton continued to surge higher on Monday as news of a second potential buyer for the logistics company emerged.
Wincanton plc (LON: WIN) is up 11% on Monday following a report that GXO Logistics Inc (NYSE: GXO) is interested in taking over the company based out of Chippenham, United Kingdom. Wincanton also receives raised offer from CMA What GXO is willing to pay for Wincanton remains unknown.