Is XPO and GXO the same company?
XPO Logistics, Inc. (NYSE: XPO), a leading global provider of supply chain solutions, today announced the identity of the new company that has been created in connection with the planned spin-off of XPO's logistics business. The company is named GXO Logistics, Inc.
XPO is a leading provider of freight transportation services, primarily less-than-truckload transportation and truck brokerage services, and GXO is the largest pure-play contract logistics provider in the world.02-Aug-2021
Is GXO a subsidiary of XPO?
GXO is the former global logistics segment of XPO Logistics (NYSE: XPO) and successfully spun off today as the world's largest pure-play contract logistics provider. “This is an exciting milestone in GXO's history.02-Aug-2021
the game-changing opportunities
Why did XPO and GXO split?
1. GXO will be the biggest pure-play logistics company in the world. With several different businesses under its umbrella, XPO CEO Brad Jacobs believed that XPO's current combined structure made the transportation stock difficult to value because the company had no true peers. The separation takes care of that problem.21-Jul-2021
Out of 12 analysts, 7 (58.33%) are recommending GXO as a Strong Buy, 3 (25%) are recommending GXO as a Buy, 2 (16.67%) are recommending GXO as a Hold, 0 (0%) are recommending GXO as a Sell, and 0 (0%) are recommending GXO as a Strong Sell.
When did GXO split from XPO?
Separately traded stocks: XPO officials said that the separation was completed through a distribution to XPO stockholders of one share of GXO common stock for every one share of XPO common stock held as of the close of business on the record date for the distribution, July 23, 2021.02-Aug-2021
Is XPO changing its name?
XPO Logistics, a leading global provider of transport and logistics solutions, today announced the identity of the new company that has been created in connection with the planned spin-off of XPO's logistics business. The company is named GXO Logistics, Inc.19-Mar-2021
XPO
What was GXO before?
XPO Logistics Unveils GXO as New Company Name for Planned Spin-off of Logistics Business. XPO Logistics, Inc.
XPO Logistics announces it is selling its intermodal business to STG Logistics for $710 million - Logistics Management.25-Mar-2022
Who bought out XPO?
STG Logistics
XPO Logistics, provider of freight transportation and truck brokerage services, has confirmed its previously announced spin-off of GXO, which it says is the largest contract logistics provider in the world.17-Aug-2021
Does GXO own warehouses?
Operations. GXO operates approximately 869 warehouses with 208 million square feet of facility space, making it the largest third-party pure-play contract logistics provider globally.
RXO, Inc.
Is GXO a 3PL?
About us - GXO | Supply Chain Management | 3PL Contract Logistics.
GXO is a leader in logistics automation and robotics, leveraging AI and machine learning to 'turn logistics into a competitive advantage' for its customers. It has approximately 94,000 employees, and counts Apple, Nike and Whirlpool among its blue chip customers.02-Aug-2021
What XPO Logistics do?
We provide innovative transportation solutions for the most demanding supply chains in the world. We're a leading supply chain partner to blue-chip companies across every major industry, with a sole focus on freight transportation.
LOS ANGELES (Reuters) - XPO Logistics Inc shares sank more than 14 percent on Friday after it said its biggest customer, believed to be Amazon.com, slashed its business with the warehousing and last-mile delivery provider by two-thirds.15-Feb-2019
Which companies use XPO Logistics?
XPO organises transportation for brands including Nestlé, Nike, Ikea, Home Depot and the supermarket chains Morrisons, Co-op, Waitrose and Iceland.23-Sept-2021
Is XPO and GXO the same company?