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GXO Logistics posts strong Q4 and calendar year 2021 earnings
February 16, 2022
GXO Logistics Inc. reported fourth quarter revenue came in at $2.3 billion, marking a 28% annual increase, when it was still part of XPO Logistics, for a new company high. Net income came in at $56 million and was up 10.8% annually, and operating income, at $63 million, was up 20.6%. Adjusted EBITDA also saw a new high, at $167 million, rising 12.6% annually. For calendar year 2021, revenue, at $7.9 billion, rose 21.5%, with operating income at $151 million.
GXO Logistics reports solid third quarter earnings
November 3, 2021
GXO reported $2.0 billion, topping the $1.6 billion reported from a year ago, when it was still part of XPO Logistics (the spin-off from XPO was made official in August). And net income came in at $72 million, and basic earnings per share, at $0.63, topped last year’s $0.16. Adjusted EBITDA, at $163 million, topped last year’s $142 million.
Spin-off of GXO Logistics from XPO Logistics is a done deal
August 2, 2021
As expected, the long-awaited spin-off of GXO Logistics from Greenwich, Conn.-based freight transportation services provider XPO Logistics was made official today. This move was originally announced by XPO in December 2020, when XPO introduced its plan to seek a spin-off of its logistics group as a standalone publicly traded company split it into two separate publicly-traded companies on the New York Stock Exchange—with one focused on global contract logistics [GXO Logistics] and the other focused on less-than-truckload (LTL) and...
XPO Logistics files Form 10 registration statement with SEC for GXO Logistics
June 9, 2021
The company said that this Form 10 was filed in connection with the XPO’s planned spin-off of its logistics unit into a separate publicly traded company, which was initially announced in December, 2020. And it noted that the spin-off is expected to be completed in the third quarter, adding that GXO will be traded on the New York Stock Exchange.
Q&A: Malcolm Wilson, XPO Logistics, CEO, Europe, and incoming CEO, GXO Logistics
May 6, 2021
Logistics Management Group News Editor recently spoke with Malcolm Wilson, CEO of XPO Logistics, Europe, and incoming CEO of GXO Logistics, soon to be XPO's standalone global contract logistics group. Wilson provided Berman with an overview of current market conditions, how XPO has responded to the COVID-19 pandemic and what is in store for GXO Logistics.
