Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

GXO LOGISTICS, INC.

(GXO)
  Report
Delayed Nyse  -  01:00 2022-11-25 pm EST
43.88 USD   -0.02%
11/15GXO Deploys Most Technology in Its History
GL
11/15GXO Deploys Most Technology in Its History
AQ
11/10Wells Fargo Cuts Price Target on GXO Logistics to $70 From $78, Maintains Overweight Rating
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

GXO Signs Global Agreement with 6 River Systems to Expand Supply of Collaborative Robots

07/19/2022 | 07:00am EST

GREENWICH, Conn., July 19, 2022 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, announced today that it has reached a multi-year global agreement with 6 River Systems, a leading fulfillment solutions provider, to meet the demand for Collaborative Mobile Robots (CMRs) in its logistics operations across the U.S. and Europe.     

“6 River Systems’ Chucks provide a huge boost to the retention of our team members and deliver a substantial sustained increase in operational productivity,” said Sandeep Sakharkar, Chief Information Officer at GXO. “This agreement fortifies our long-term partnership with 6RS, ensuring rapid deployment of popular productivity-enhancing warehouse collaborative robots that give our customers a competitive advantage.”

GXO is rapidly expanding its use of technology to meet demand for outsourcing logistics from current and new customers. Along with productivity improvements, GXO’s innovative use of technology helps recruit new team members by creating a safer and more engaging workplace.

“Our extended partnership with GXO proves that our wall-to-wall fulfillment solutions provide our customers with the ability to scale their global operations,” said Rylan Hamilton, co-founder and co-CEO at 6 River Systems. “In less than five years, GXO has been able to utilize 6 River Systems innovations to address some of their biggest opportunities and create a trusted fulfillment ecosystem for their customers. We look forward to delivering great business outcomes to GXO with this new phase of our strategic partnership.”      

Chucks help reduce training time for new team members by as much as 80%. The collaborative robots use sophisticated sensors to navigate and are capable of operating in multi-tier installations, directing employees to the correct inventory on multiple levels, processing more goods and maximizing available space. They also reduce walking distances for employees and speed operations such as stocking, picking and sorting items.

To see Chucks in action at GXO, watch this video.

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 


Primary Logo

Source: GXO Logistics

2022 GlobeNewswire, Inc., source Press Releases

All news about GXO LOGISTICS, INC.
11/15GXO Deploys Most Technology in Its History
GL
11/15GXO Deploys Most Technology in Its History
AQ
11/10Wells Fargo Cuts Price Target on GXO Logistics to $70 From $78, Maintains Overweight Ra..
MT
11/09Gxo Logistics : Q3 2022 Earnings Call Transcript
PU
11/09GXO LOGISTICS, INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RE..
AQ
11/09Transcript : GXO Logistics, Inc., Q3 2022 Earnings Call, Nov 09, 2022
CI
11/08GXO Logistics Reports Higher Q3 Adjusted Profit, Reaffirms 2022 Outlook; Shares up Afte..
MT
11/08Gxo Logistics : Q3 Earnings Snapshot
AQ
11/08Gxo Logistics, Inc. : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-..
AQ
11/08GXO Logistics, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ende..
CI
More news
Analyst Recommendations on GXO LOGISTICS, INC.
More recommendations
Financials (USD)
Sales 2022 8 984 M - -
Net income 2022 239 M - -
Net Debt 2022 1 867 M - -
P/E ratio 2022 21,8x
Yield 2022 -
Capitalization 5 206 M 5 206 M -
EV / Sales 2022 0,79x
EV / Sales 2023 0,72x
Nbr of Employees 75 000
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
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 43,88 $
Average target price 57,43 $
Spread / Average Target 30,9%
EPS Revisions
Managers and Directors
Malcolm Wilson Chief Executive Officer & Director
Vaughn Mandy CEO & Founder
Baris Oran Chief Financial Officer
Bradley S. Jacobs Chairman
Sandeep Sakharkar Chief Information Officer
Sector and Competitors
1st jan.Capi. (M$)
GXO LOGISTICS, INC.-51.69%5 206
UNITED PARCEL SERVICE INC-14.70%157 865
DEUTSCHE POST AG-32.30%47 967
FEDEX CORPORATION-31.68%45 981
EXPEDITORS INTERNATIONAL OF WASHINGTON INC.-15.12%17 946
SG HOLDINGS CO.,LTD.-20.65%9 737