MrsSnoozyTurtle (talk | contribs) Proposing article for deletion per WP:PROD. Tag: Twinkle |
Gannymetis (talk | contribs) I removed promotional language and the proposed deletion tag. The question of whether the article can be improved is completely separate from the question of whether it should exist. Tag: Visual edit |
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{{short description|American contract logistics and warehousing company}} |
{{short description|American contract logistics and warehousing company}} |
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{{Infobox company |
{{Infobox company |
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| name = GXO Logistics, Inc. |
| name = GXO Logistics, Inc. |
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In December 2020, [[XPO Logistics]] announced that it would spin off its global contract logistics segment into a separate company, GXO Logistics Inc.<ref>{{cite web|last1=Sharkey|first1=Grace|title=XPO Announces Logistics Spinoff GXO|url=https://www.freightwaves.com/news/xpo-announces-logistics-spinoff-gxo|access-date=19 March 2021|website=Freightwaves}}</ref> The spin-off was completed in August 2021, with American businessman [[Bradley S. Jacobs|Brad Jacobs]] as Non-Executive Chairman, Malcolm Wilson as CEO, and Baris Oran as CFO.<ref>{{Cite web|date=July 28, 2021|title=XPO Logistics Announces Second Quarter 2021 Results|url=https://sec.report/Document/0001104659-21-097054/#tm2123565d1_ex99-1.htm|url-status=live|access-date=August 2, 2021}}</ref> |
In December 2020, [[XPO Logistics]] announced that it would spin off its global contract logistics segment into a separate company, GXO Logistics Inc.<ref>{{cite web|last1=Sharkey|first1=Grace|title=XPO Announces Logistics Spinoff GXO|url=https://www.freightwaves.com/news/xpo-announces-logistics-spinoff-gxo|access-date=19 March 2021|website=Freightwaves}}</ref> The spin-off was completed in August 2021, with American businessman [[Bradley S. Jacobs|Brad Jacobs]] as Non-Executive Chairman, Malcolm Wilson as CEO, and Baris Oran as CFO.<ref>{{Cite web|date=July 28, 2021|title=XPO Logistics Announces Second Quarter 2021 Results|url=https://sec.report/Document/0001104659-21-097054/#tm2123565d1_ex99-1.htm|url-status=live|access-date=August 2, 2021}}</ref> |
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In May 2022 the acquisition by GXO of the [[United Kingdom|UK]]-based retail logistics company, [[Clipper Logistics|Clipper Logistics plc]] was announced.<ref>{{Cite web |title=GXO completes Clipper Logistics acquisition following court approval {{!}} Financial News |url=https://www.lse.co.uk/news/gxo-completes-clipper-logistics-acquisition-following-court-approval-th1u2abxtogcrzh.html |access-date=2022-05-24 |website=www.lse.co.uk |language=en}}</ref> |
In May 2022 the acquisition by GXO of the [[United Kingdom|UK]]-based retail logistics company, [[Clipper Logistics|Clipper Logistics plc]] was announced.<ref>{{Cite web |title=GXO completes Clipper Logistics acquisition following court approval {{!}} Financial News |url=https://www.lse.co.uk/news/gxo-completes-clipper-logistics-acquisition-following-court-approval-th1u2abxtogcrzh.html |access-date=2022-05-24 |website=www.lse.co.uk |language=en}}</ref><ref>{{cite news |title=GXO eyes improved 'returns' as Clipper buy can boost reverse logistics offering |url=https://theloadstar.com/gxo-eyes-improved-returns-as-clipper-buy-can-boost-reverse-logistics-offering/ |access-date=12 November 2022 |publisher=Loadstar |date=9 November 2022}}</ref> |
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== Operations == |
== Operations == |
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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.<ref>{{Cite web|last=Wolf|first=Connor|date=July 13, 2021|title=XPO Spinoff GXO to Go Public Aug. 2|url=https://www.ttnews.com/articles/xpo-spinoff-takes-major-steps-during-investor-day-presentation|url-status=live|access-date=August 2, 2021|website=Transport Topics}}</ref><ref>{{Cite web|title=XPO Investor Presentation February 2020|url=http://investors.xpo.com/static-files/8c1db504-1e6e-47c5-bf95-aa72af404d80}}|</ref><ref>{{Cite web|last=|first=|date=Jan 12, 2021|title=XPO Logistics Announces Senior Leadership for Logistics Segment Spin-Off|url=https://www.globenewswire.com/news-release/2021/01/12/2156941/0/en/XPO-Logistics-Announces-Senior-Leadership-for-Logistics-Segment-Spin-Off.html|access-date=Feb 2, 2021|website=Globe Newswire}}</ref> |
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.<ref>{{Cite web|last=Wolf|first=Connor|date=July 13, 2021|title=XPO Spinoff GXO to Go Public Aug. 2|url=https://www.ttnews.com/articles/xpo-spinoff-takes-major-steps-during-investor-day-presentation|url-status=live|access-date=August 2, 2021|website=Transport Topics}}</ref><ref>{{Cite web|title=XPO Investor Presentation February 2020|url=http://investors.xpo.com/static-files/8c1db504-1e6e-47c5-bf95-aa72af404d80}}|</ref><ref>{{Cite web|last=|first=|date=Jan 12, 2021|title=XPO Logistics Announces Senior Leadership for Logistics Segment Spin-Off|url=https://www.globenewswire.com/news-release/2021/01/12/2156941/0/en/XPO-Logistics-Announces-Senior-Leadership-for-Logistics-Segment-Spin-Off.html|access-date=Feb 2, 2021|website=Globe Newswire}}</ref> GXO's contract logistics customers operate in retail, e-commerce, technology,<ref>{{Cite news|date=2017-08-02|title=Promethean en XPO Logistics breiden contract uit • TTM.nl|language=nl-NL|work=TTM.nl|url=https://www.ttm.nl/nieuws/promethean-en-xpo-logistics-breiden-contract/90788/|access-date=2017-10-22}}</ref> aerospace, telecom,<ref>{{Cite web|title=JLG places XPO Logistics in charge of aftermarket parts distribution, will close Ohio distribution center|url=https://www.equipmentworld.com/jlg-places-xpo-logistics-in-charge-of-aftermarket-parts-distribution-will-close-ohio-distribution-center/|access-date=2017-10-22|website=Equipment World|language=en}}</ref> food and beverage,<ref>{{Cite news|last=Pegden|first=Tom|date=2017-09-10|title=Revealed: Nestlé 'planning vast new county warehouse'|work=leicestermercury|url=http://www.leicestermercury.co.uk/news/business/revealed-nestl-planning-vast-new-446990|access-date=2017-10-22}}</ref> healthcare,<ref>{{Cite news|date=2017-07-27|title=XPO wins contract with VWR International - Logistics Manager|language=en-GB|work=Logistics Manager|url=https://www.logisticsmanager.com/xpo-wins-contract-with-vwr-international/|access-date=2017-10-22}}</ref> agriculture and infrastructure.<ref>{{Cite news|title=XPO Logistics wins Highways England contract renewal|language=en-GB|work=CILT(UK)|url=https://www.ciltuk.org.uk/News/LatestNews/TabId/235/ArtMID/6887/ArticleID/13540/XPO-Logistics-wins-Highways-England-contract-renewal.aspx|access-date=2017-10-22}}</ref> |
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GXO's contract logistics customers operate in retail, e-commerce, technology,<ref>{{Cite news|date=2017-08-02|title=Promethean en XPO Logistics breiden contract uit • TTM.nl|language=nl-NL|work=TTM.nl|url=https://www.ttm.nl/nieuws/promethean-en-xpo-logistics-breiden-contract/90788/|access-date=2017-10-22}}</ref> aerospace, telecom,<ref>{{Cite web|title=JLG places XPO Logistics in charge of aftermarket parts distribution, will close Ohio distribution center|url=https://www.equipmentworld.com/jlg-places-xpo-logistics-in-charge-of-aftermarket-parts-distribution-will-close-ohio-distribution-center/|access-date=2017-10-22|website=Equipment World|language=en}}</ref> food and beverage,<ref>{{Cite news|last=Pegden|first=Tom|date=2017-09-10|title=Revealed: Nestlé 'planning vast new county warehouse'|work=leicestermercury|url=http://www.leicestermercury.co.uk/news/business/revealed-nestl-planning-vast-new-446990|access-date=2017-10-22}}</ref> healthcare,<ref>{{Cite news|date=2017-07-27|title=XPO wins contract with VWR International - Logistics Manager|language=en-GB|work=Logistics Manager|url=https://www.logisticsmanager.com/xpo-wins-contract-with-vwr-international/|access-date=2017-10-22}}</ref> agriculture and infrastructure.<ref>{{Cite news|title=XPO Logistics wins Highways England contract renewal|language=en-GB|work=CILT(UK)|url=https://www.ciltuk.org.uk/News/LatestNews/TabId/235/ArtMID/6887/ArticleID/13540/XPO-Logistics-wins-Highways-England-contract-renewal.aspx|access-date=2017-10-22}}</ref> |
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GXO Direct is a shared-space distribution network for omnichannel retail and e-commerce customers. It enables customers to share or rent parts of distribution centers to store their products. The warehouses serve as stockholding sites and cross-docks utilized by multiple customers at the same time. Algorithms analyze customer data to identify patterns in consumer behavior and seasonality.<ref>{{cite web|last1=Ames|first1=Ben|date=24 April 2018|title=XPO launches shared-space model for retail distribution|url=https://www.dcvelocity.com/articles/20180424-xpo-launches-shared-space-model-for-retail-distribution/|access-date=24 July 2019|publisher=DC Velocity}}</ref> |
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== Technology == |
== Technology == |
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A joint venture between GXO and [[Nestlé]] opened a “warehouse of the future” in [[Leicestershire]] in 2020. The distribution center is a “testbed” for new technologies in logistics.<ref>{{cite web|last1=Ashe|first1=Ari|date=27 June 2017|title=XPO Plans 'Testing Ground' for the Future of Logistics|url=https://www.ttnews.com/articles/xpo-plans-testing-ground-future-logistics-0|access-date=24 July 2019|publisher=Transport Topics|language=en}}</ref> |
A joint venture between GXO and [[Nestlé]] opened a “warehouse of the future” in [[Leicestershire]] in 2020. The distribution center is a “testbed” for new technologies in logistics.<ref>{{cite web|last1=Ashe|first1=Ari|date=27 June 2017|title=XPO Plans 'Testing Ground' for the Future of Logistics|url=https://www.ttnews.com/articles/xpo-plans-testing-ground-future-logistics-0|access-date=24 July 2019|publisher=Transport Topics|language=en}}</ref> |
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Other technology initiatives include: |
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* A proprietary warehouse management system that integrates advanced automation and consolidates common warehouse functions in one control center that evolves through machine learning;<ref name="supplychaindigital.com">{{Cite web|title=XPO and Mars collaborate to 'transform' supply chain|url=http://www.supplychaindigital.com/procurement/xpo-and-mars-collaborate-transform-supply-chain|access-date=2018-03-07|website=www.supplychaindigital.com|language=en}}</ref><ref name="supplychainquarterly.com">{{Cite web|title=XPO Logistics identifies four top technology priorities|url=http://www.supplychainquarterly.com/news/20170925-xpo-logistics-identifies-four-top-technology-priorities/|access-date=2017-10-19|website=Supply Chain Quarterly}}</ref> |
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* Development of VR and AR applications{{What?|date=November 2022}} for internal staff, clients, and household customers.<ref>{{Cite web|last=Cassidy|first=William B.|date=2018-02-07|title=XPO to boost tech spending, make acquisitions in 2018|url=https://www.joc.com/international-logistics/logistics-providers/xpo-boost-tech-spending-make-acquisitions-2018_20180207.html|access-date=2018-02-14|website=www.joc.com|language=en}}</ref> |
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== See also == |
== See also == |
Revision as of 14:30, 23 December 2022
File:GXO Logistics logo.png | |
Company type | Public company |
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Predecessor | XPO, Inc. |
Founded | August 2, 2021 |
Headquarters | Greenwich, Connecticut, U.S. |
Number of locations | 906 (2021) |
Key people | Brad Jacobs (Non-Executive Chairman) Malcolm Wilson (CEO) Baris Oran (CFO) |
Revenue | US$7 billion (2021) |
Number of employees | 75,000 (December 31, 2021) |
Website | gxo |
Footnotes / references [1] |
GXO Logistics, Inc. (trade name GXO) is an American global contract logistics company that manages outsourced supply chains and warehousing.[2][3] GXO's corporate headquarters are located in Greenwich, Connecticut, U.S.[4]
History
In December 2020, XPO Logistics announced that it would spin off its global contract logistics segment into a separate company, GXO Logistics Inc.[5] The spin-off was completed in August 2021, with American businessman Brad Jacobs as Non-Executive Chairman, Malcolm Wilson as CEO, and Baris Oran as CFO.[6]
In May 2022 the acquisition by GXO of the UK-based retail logistics company, Clipper Logistics plc was announced.[7][8]
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.[9][10][11] GXO's contract logistics customers operate in retail, e-commerce, technology,[12] aerospace, telecom,[13] food and beverage,[14] healthcare,[15] agriculture and infrastructure.[16]
Technology
A number of IT professionals and data scientists work at GXO in the fields of automation and intelligent machines, forecasting demand, predictive analytics, pricing algorithms, and workforce planning.[17][18]
A joint venture between GXO and Nestlé opened a “warehouse of the future” in Leicestershire in 2020. The distribution center is a “testbed” for new technologies in logistics.[19]
See also
References
- ^ "XPO Investor Presentation July 2021". XPO Logistics. Retrieved 2 August 2021.
- ^ "XPO Investor Presentation July 2021". xpo.com. July 28, 2021. Retrieved August 2, 2021.
{{cite web}}
: CS1 maint: url-status (link) - ^ Smith, Jennifer (December 2, 2020). "XPO Logistics to Split Company in Two, Spin Off Contract Logistics Business". Wall Street Journal. Retrieved August 2, 2021.
{{cite web}}
: CS1 maint: url-status (link) - ^ "GXO Logistics, Inc". SEC.gov. June 9, 2021. Retrieved August 2, 2021.
{{cite web}}
: CS1 maint: url-status (link) - ^ Sharkey, Grace. "XPO Announces Logistics Spinoff GXO". Freightwaves. Retrieved 19 March 2021.
- ^ "XPO Logistics Announces Second Quarter 2021 Results". July 28, 2021. Retrieved August 2, 2021.
{{cite web}}
: CS1 maint: url-status (link) - ^ "GXO completes Clipper Logistics acquisition following court approval | Financial News". www.lse.co.uk. Retrieved 2022-05-24.
- ^ "GXO eyes improved 'returns' as Clipper buy can boost reverse logistics offering". Loadstar. 9 November 2022. Retrieved 12 November 2022.
- ^ Wolf, Connor (July 13, 2021). "XPO Spinoff GXO to Go Public Aug. 2". Transport Topics. Retrieved August 2, 2021.
{{cite web}}
: CS1 maint: url-status (link) - ^ "XPO Investor Presentation February 2020".|
- ^ "XPO Logistics Announces Senior Leadership for Logistics Segment Spin-Off". Globe Newswire. Jan 12, 2021. Retrieved Feb 2, 2021.
- ^ "Promethean en XPO Logistics breiden contract uit • TTM.nl". TTM.nl (in Dutch). 2017-08-02. Retrieved 2017-10-22.
- ^ "JLG places XPO Logistics in charge of aftermarket parts distribution, will close Ohio distribution center". Equipment World. Retrieved 2017-10-22.
- ^ Pegden, Tom (2017-09-10). "Revealed: Nestlé 'planning vast new county warehouse'". leicestermercury. Retrieved 2017-10-22.
- ^ "XPO wins contract with VWR International - Logistics Manager". Logistics Manager. 2017-07-27. Retrieved 2017-10-22.
- ^ "XPO Logistics wins Highways England contract renewal". CILT(UK). Retrieved 2017-10-22.
- ^ DePillis, Lydia (15 July 2019). "America's addiction to absurdly fast shipping has a hidden cost". CNN. Retrieved 24 July 2019.
- ^ Stinson, Jim (12 March 2019). "XPO Installs Two Tech Platforms to Meet Freight Challenges". Transport Topics. Retrieved 24 July 2019.
- ^ Ashe, Ari (27 June 2017). "XPO Plans 'Testing Ground' for the Future of Logistics". Transport Topics. Retrieved 24 July 2019.
External links
- Official website
- Business data for GXO Logistics, Inc.: