What does GXO stand for?
“The new company is called GXO — three letters that stand for the game-changing opportunities we're bringing to the table for customers, employees and shareholders, with a nod to our XPO heritage.
XPO unveils GXO as new company name for planned spin-off of logistics business. 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.
What is the difference between XPO and GXO?
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 Logistics a good company to work for? GXO Logistics has an overall rating of 3.5 out of 5, based on over 441 reviews left anonymously by employees. 65% of employees would recommend working at GXO Logistics to a friend and 56% have a positive outlook for the business.01-Jul-2022
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
The new company is called GXO — three letters that stand for the game-changing opportunities we're bringing to the table for customers, employees and shareholders, with a nod to our XPO heritage.
Who is the owner of GXO?
XPO Logistics announced after the closing bell Tuesday it will become solely a trucking company, spinning off its high-tech truck brokerage business into a separate publicly traded firm.08-Mar-2022
When did GXO spin-off from XPO?
August 2, 2021
STG Logistics
What do GXO logistics do?
GXO Logistics (trade name GXO) is an American global contract logistics company that manages outsourced supply chains and warehousing. GXO's corporate headquarters are located in Greenwich, Connecticut, U.S.
GXO is a very inclusive place to work and include many engagement activities. People are friendly and helpful, I enjoy coming in to work.
How big is GXO?
208 million sq ft
XPO is my first real job, and I couldn't be more fortunate and thankful. Getting hired, started/set up, and trained was pretty flawless. I received paid training since Day 1, the pay is fair, and once you become an employee, you become eligible for great benefits, bonuses, and raises.
Is GXO stock a good buy?
Out of 13 analysts, 8 (61.54%) are recommending GXO as a Strong Buy, 3 (23.08%) are recommending GXO as a Buy, 2 (15.38%) are recommending GXO as a Hold, 0 (0%) are recommending GXO as a Sell, and 0 (0%) are recommending GXO as a Strong Sell.
XPO
What company did XPO spin-off?
RXO, Inc.
XPO announced in December 2020 that it was splitting its logistics and trucking businesses into separately traded firms, aimed at giving each unit a more defined focus; that move was completed in August.08-Mar-2022
How many employees does GXO have?
About GXO Logistics GXO is committed to providing a world-class, diverse workplace for its 94,000 team members across 869 warehouse locations totaling 208 million square feet.
Brad Jacobs is chairman and chief executive officer of XPO Logistics, Inc. (XPO: NYSE), one of the world's largest providers of supply chain services. XPO has approximately 100,000 employees and 1,500 locations in 30 countries, with $16 billion of revenue. Brad has a unique track record in the business world.
Is trucking going out of business?
According to Broughton Capital, 640 trucking companies in the United States went bankrupt – in the first six months of 2019. While this number seems high, what is shocking is that it's nearly three times the amount of trucking-specific bankruptcy filings during the entire 2018 calendar year.
What does GXO stand for?