The main competitors of GXO Logistics include Expedia Group (EXPE), XPO Logistics (XPO), GATX (GATX), MakeMyTrip (MMYT), Verra Mobility (VRRM), Virgin Galactic (SPCE), ModivCare (MODV), Apollo Strategic Growth Capital (APSG), Despegar.com (DESP), and Astra Space (ASTR).
Should I invest in GXO logistics?
There are currently 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GXO Logistics stock.
Is GXO a 3PL company?
Logistics - GXO | Supply Chain Management | 3PL Contract Logistics.
Is GXO publicly traded?
as a publicly traded pure-play contract logistics provider culminated with GXO officials ringing the New York Stock Exchange opening bell Aug. 2. GXO trades under the symbol GXO, and eligible XPO stockholders received GXO common stock.
Do XPO shareholders get GXO?
Under the terms of the previously announced separation, XPO stockholders received one share of GXO common stock for every one share of XPO common stock held as of the close of business on the record date for the distribution, July 23, 2021.
44 related questions foundDid XPO change to GXO?
XPO Logistics 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.
Is XPO part of GXO?
GXO is the former global logistics segment of XPO Logistics (NYSE: XPO) and successfully spun off today as the world's largest pure-play contract logistics provider. “This is an exciting milestone in GXO's history.
Is GXO Logistics a good company to work for?
Is GXO Logistics a good company to work for? GXO Logistics has an overall rating of 3.4 out of 5, based on over 274 reviews left anonymously by employees. 64% of employees would recommend working at GXO Logistics to a friend and 59% have a positive outlook for the business.
Is GXO buying Clipper?
The boards of directors of GXO Logistics and Clipper Logistics plc agreed this week to a cash and share acquisition of Clipper by GXO, worth approximately $1.3 billion.
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.
What kind of warehouse is GXO?
GXO is a global warehousing leader in the storage and management of goods. In the US, our large network of sites offers variable-cost solutions for general and specialized storage, including food-grade and chemical products.
Who is XPO Logistics owned by?
In September 2011, American businessman Brad Jacobs acquired Express-1 Expedited Solutions, Inc. and became its chairman and CEO. The company changed its name to XPO Logistics – a reference to Express-1's AMEX ticker symbol, "XPO" – and began acquiring other companies in the transportation and logistics sector.
What's 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.
Who bought GXO?
Under the terms of the acquisition, GXO said that Clipper shareholders will receive 690 pence in cash ($9.26 USD) for each Clipper share and 0.0359 New GXO shares.
What will GXO do?
GXO will be the largest pure-play contract logistics provider in the world, and XPO will be a leading provider of transportation services, primarily less-than-truckload transportation and truck brokerage services.
How big is GXO?
GXO operates as a highly integrated network of people, technology and physical assets in 27 countries, with 869 locations, 208 million sq ft of warehouse space, and approximately 94,000 team members, all dedicated to efficiently managing our customers' goods.
What does XPO Logistics stand for?
In September 2011, American businessman Brad Jacobs acquired Express-1 Expedited Solutions, Inc. The company changed its name to XPO Logistics – a reference to Express-1's AMEX ticker symbol, “XPO” – and began acquiring other companies in the transportation and logistics sector.
Does GXO give bonuses?
GXO offers competitive compensation and benefits from day one, including sign-on bonuses, hourly wage incentives and other performance-based programs. Full-time GXO employees receive comprehensive health, vision and dental insurance and parental care and leave programs.
Is XPO a union?
The contract between XPO and the Teamsters is historic in that it is the first that the union has been able to reach with XPO anywhere in the U.S. (XPO is partially unionized in Europe and says it has 212 unionized employees in the U.S. and Canada.)
Was XPO logistics sold?
[Stay on top of transportation news: Get TTNews in your inbox.] XPO Logistics Inc. announced March 25 it has sold its North American intermodal business to STG Logistics, a Chicago-based provider of import-export and value-added warehouse logistics services, for a cash price of $710 million. In 2021, Greenwich, Conn.
What companies does XPO own?
Brad Jacobs has started five companies from scratch and led each of them to become a billion dollar or multi-billion-dollar enterprise. These include three publicly traded companies: XPO Logistics, Inc. (NYSE: XPO), United Rentals, Inc. (NYSE: URI) and United Waste Systems, Inc.
Did XPO Logistics split?
The Greenwich, Connecticut-based company's market valuation at the close was $7.1 billion. 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.
