GXO LOGISTICS, INC.

(GXO)
  Report
Delayed Nyse  -  04:00 2022-08-12 pm EDT
49.76 USD   -2.98%
08/12INSIDER SELL : Gxo Logistics
MT
08/12UK Competition Watchdog Launches Inquiry Into GXO's Acquisition Of Clipper Logistics
MT
08/10Oppenheimer Adjusts GXO Logistics Price Target to $78 From $91, Maintains Outperform Rating
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

GXO Receives ‘Top Supply Chain Projects' Award for Innovative Use of Technology from SDCE Magazine

06/27/2022 | 08:37am EDT

Global logistics leader deploys collaborative robots on multiple mezzanine floors, an industry first, enhancing safety, productivity and employee engagement for Fortune 500 retailer

GREENWICH, Conn., June 27, 2022 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, announced today that it has received a 2022 Top Supply Chain Projects award from Supply & Demand Chain Executive (SDCE) magazine.

“We are honored to receive this award from SDCE for our innovative use of technology,” said Sandeep Sakharkar, GXO’s Chief Inforamtion Officer. “Our deployment of collaborative robots in a multi-tiered warehouse is a great example of how we are developing and implementing custom solutions that solve complex challenges for our customers while enhancing employee safety and productivity.”

Each year, SDCE spotlights successful and innovative transformation projects that add value across a range of supply chain functions. GXO’s installation in Milton Keynes, U.K., is an industry first and an example of the company’s ability to meet the needs of high-volume businesses by optimizing vertical space in multi-tiered warehouses.

GXO collaborated with 6 River Systems to develop and test new features on the cobots, which automatically travel from one location to another in a multi-tiered facility, carrying picked items, reducing employees’ walking time and helping pick items from inventory more efficiently and accurately. To see these cobots in action, please watch this short video.

GXO leads the marketplace in automated solutions. In 2021, GXO deployed more than 2,000 new pieces of technology across its sites, up nearly 100% year-over-year. Its use of goods-to-person systems was up over 100% year-over-year and its use of cobots grew over 200%.

About GXO Logistics

GXO Logistics, Inc. (NYSE: GXO) is the world’s largest pure-play contract logistics provider and is benefiting from the rapid growth of ecommerce, automation and outsourcing. GXO is committed to providing a diverse, world-class workplace for approximately 120,000 team members across more than 900 facilities totaling approximately 200 million square feet. The company partners with the world’s leading blue-chip companies to solve complex logistics challenges with technologically advanced supply chain and ecommerce solutions, at scale and with speed. GXO corporate headquarters is in Greenwich, Connecticut, USA. Visit GXO.com for more information and connect with GXO on LinkedIn, Twitter, Facebook, Instagram and YouTube.

Media contacts

Matthew Schmidt 
+1 203-307-2809 
matt.schmidt@gxo.com 

Anne Lafourcade 
+33 (0)6 75 22 52 90 
anne.lafourcade@gxo.com 


All news about GXO LOGISTICS, INC.
08/12INSIDER SELL : Gxo Logistics
MT
08/12UK Competition Watchdog Launches Inquiry Into GXO's Acquisition Of Clipper Logistics
MT
08/10Oppenheimer Adjusts GXO Logistics Price Target to $78 From $91, Maintains Outperform Ra..
MT
08/05Deutsche Bank Adjusts GXO Logistics' Price Target to $68 From $124, Maintains Buy Ratin..
MT
08/04Credit Suisse Lifts GXO Logistics' Price Target to $63 from $62 After 'Solid' Q2 Beat, ..
MT
08/04Citigroup Raises GXO Logistics Price Target to $61 From $53, Maintains Buy Rating
MT
08/04JPMorgan Raises GXO Logistics Price Target to $72 From $68, Maintains Overweight Rating
MT
08/04Goldman Sachs Lowers GXO Logistics Price Target to $60 From $66, Maintains Neutral Rati..
MT
08/04Morgan Stanley Lowers GXO Logistics Price Target to $67 From $73, Maintains Equalweight..
MT
08/03GXO LOGISTICS : Factoring and Securitization
PU
More news
Analyst Recommendations on GXO LOGISTICS, INC.
More recommendations
Financials (USD)
Sales 2022 9 049 M - -
Net income 2022 258 M - -
Net Debt 2022 2 099 M - -
P/E ratio 2022 23,5x
Yield 2022 -
Capitalization 5 902 M 5 902 M -
EV / Sales 2022 0,88x
EV / Sales 2023 0,78x
Nbr of Employees 120 000
Free-Float 99,4%
Chart GXO LOGISTICS, INC.
Duration : Period :
GXO Logistics, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GXO LOGISTICS, INC.
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 49,76 $
Average target price 70,29 $
Spread / Average Target 41,2%
EPS Revisions
Managers and Directors
Malcolm Wilson Chief Executive Officer & Director
Baris Oran Chief Financial Officer
Bradley S. Jacobs Chairman
Sandeep Sakharkar Chief Information Officer
Meagan Fitzsimmons Chief Compliance Officer
Sector and Competitors
1st jan.Capi. (M$)
GXO LOGISTICS, INC.-45.22%5 902
UNITED PARCEL SERVICE INC-4.41%177 981
FEDEX CORPORATION-10.81%59 955
DEUTSCHE POST AG-29.24%49 822
EXPEDITORS INTERNATIONAL OF WASHINGTON INC.-20.20%17 531
SG HOLDINGS CO.,LTD.-13.48%11 079