GXO and ASOS Extend Strategic Partnership to 2034

(NYSE: GXO) GXO Logistics, Inc. announced a new nine-year contract renewal with ASOS, extending a partnership that began in 2013. The renewed agreement covers warehouse fulfilment and transportation services, supporting ASOS' e-commerce operations at its highly automated logistics hub in Barnsley. GXO has supported ASOS in optimising one of the UK's most advanced e-commerce fulfilment operations, adapting to evolving customer expectations and market demands. The partnership enables GXO to provide high levels of service to over 16 million ASOS customers every year. Over the last five years, GXO introduced operational changes that allowed ASOS to extend customer order cut-off times to 11pm, increasing flexibility for shoppers. The operation employs approximately 3,200 colleagues, making it a significant employer in the Barnsley area. The site has consistently held a Royal Society for the Prevention of Accidents (RoSPA) Gold Award for Health and Safety each year since 2016. GXO and ASOS have also supported local initiatives such as Base71 Barnsley Youth Zone and Pathways to Work. GXO Logistics, Inc. is described as the world’s largest pure-play contract logistics provider, with more than 150,000 team members across more than 1,000 facilities totaling more than 200 million square feet. The company serves leading blue-chip companies with technologically advanced supply chain and ecommerce solutions. Russell Atkinson, Managing Director of Fashion, GXO UK&I, stated that the renewal is a testament to the strength of the relationship and the dedication of the teams. Jonny O’Hara, Logistics Director ASOS, commented that the renewal will support ASOS' growth and continued delivery of excellent customer service. Cllr William Brown, Leader of Barnsley Council, highlighted the importance of the partnership for local employment and economic growth.

GXO Reports Third Quarter 2026 Results

(NYSE:GXO) GXO Logistics, Inc. announced its third quarter 2026 results, highlighting the impact of its new strategy implemented over the past year. In the third quarter of 2026, revenue increased to $3.6 billion, up 5.7% year over year, compared with $3.4 billion for the third quarter 2025. Organic revenue grew by 6.4%. Net income was $65 million, compared with $60 million for the third quarter 2025. Diluted earnings per share was $0.56, compared with $0.51 for the third quarter 2025. Adjusted EBITDA was $251 million, unchanged from the third quarter 2025. Adjusted diluted EPS increased to $0.89, compared with $0.79 for the third quarter 2025. GXO generated $156 million of cash flow from operations, compared with $232 million for the third quarter 2025. Free cash flow was $85 million, compared with $187 million for the third quarter 2025. GXO repurchased $84 million of its common stock in the third quarter, bringing year-to-date repurchases to $100 million, or 2.1 million shares at an average price of $47.46 per share. As of September 30, 2026, $200 million remained available under the company’s existing share repurchase authorization. As of September 30, 2026, cash and cash equivalents (excluding restricted cash) were $340 million, total debt outstanding was $2.8 billion, and net debt was $2.5 billion. The company reaffirmed its full-year 2026 guidance, including organic revenue growth of 4% to 5%, adjusted EBITDA of $945 million to $965 million, adjusted diluted EPS of $2.95 to $3.15, and free cash flow conversion of 30% to 40%. GXO’s sales pipeline was up more than 30% year over year, and year-to-date wins were already above $1 billion, nearly matching all of 2025 with a quarter still to go. The company is advancing productivity initiatives, including the rollout of a unified labor management system and continued deployment of GXO IQ across its global footprint, with particular improvement in execution in North America. GXO will host its 2026 Investor Day on November 16, 2026, at the New York Stock Exchange, with a live webcast and replay available. A conference call to discuss the results will be held on November 4, 2026, at 8:30 a.m. Eastern Time, with replay available until November 19, 2026. GXO has more than 150,000 team members across more than 1,000 facilities totaling more than 200 million square feet. The company serves leading blue-chip companies with technologically advanced supply chain and ecommerce solutions.

GXO Opens Strategic Logistics Hub in Malaysia to Support Growth Across Asia Pacific

(NYSE:GXO) GXO Logistics, Inc. has announced the opening of a new, state-of-the-art strategic logistics hub in Medini, Malaysia, expanding its presence in the Asia Pacific region. The new facility is located within the Johor-Singapore Special Economic Zone (SEZ) and offers the benefits of a Free Trade Zone (FTZ), providing access to one of Southeast Asia’s most strategically positioned logistics corridors. The site features direct connectivity to major manufacturing centers, ports, and airports, enabling companies to optimize inventory positioning, strengthen supply chain resilience, and reduce operating costs. Michael Jacobs, Chief Executive Officer of the Americas and Asia Pacific at GXO, stated that the opening of the Medini facility reflects GXO's commitment to bringing world-class logistics solutions to high-growth markets. The Medini facility is designed to support customers in the technology and advanced industrial sectors and currently serves as the regional hub for a leading global supplier of semiconductor manufacturing equipment. GXO is evaluating additional capabilities for the site, including emerging warehouse technologies, to further enhance supply chain visibility and strengthen collaboration with customers. Scott Copeland, Managing Director, Asia Pacific, GXO, emphasized that the new Medini site provides customers with a strategic base to scale efficiently and serve both regional and global markets. GXO Logistics, Inc. is the world’s largest pure-play contract logistics provider. The company has over 150,000 team members across more than 1,000 facilities. GXO's facilities total more than 200 million square feet. GXO serves the world’s leading blue-chip companies, providing technologically advanced supply chain and ecommerce solutions. The company is positioned to capitalize on the rapid growth of ecommerce, automation, and outsourcing. GXO's corporate headquarters is in Greenwich, Connecticut.

GXO Reports Second Quarter 2026 Results

(NYSE:GXO) GXO Logistics, Inc. announced results for the second quarter 2026, reporting revenue of $3.4 billion, up 4.3% year over year. The company secured $410 million of new business wins, representing a 34% increase year over year, with approximately 40% in strategic growth verticals such as aerospace & defense, technology, industrial, and life sciences. GXO reported net income of $27 million and diluted earnings per share of $0.22 for the quarter, compared with $28 million and $0.23, respectively, for the second quarter 2025. Adjusted EBITDA increased to $219 million, and adjusted diluted EPS rose to $0.59. As of June 30, 2026, cash and cash equivalents were $769 million, total debt outstanding was $3.2 billion, and net debt was $2.4 billion. The company projects organic revenue growth of 4% to 5%, adjusted EBITDA of $945 million to $965 million, adjusted diluted EPS of $2.95 to $3.15, and free cash flow conversion of 30% to 40% for the full year 2026. GXO also highlighted over $1 billion of incremental 2026 revenue already secured and a commercial pipeline that expanded from $2.3 billion at the end of the quarter to approximately $2.7 billion in July.

GXO To Host 2026 Investor Day

(NYSE: GXO) GXO Logistics, Inc. announced it will host its 2026 Investor Day on Monday, November 16, at the New York Stock Exchange. The in-person event will begin at 9:00 a.m. Eastern Time and will also be webcast live. Presentations will be given by GXO CEO Patrick Kelleher, CFO Mark Suchinski, and members of the executive leadership team on the company’s long-term strategy, financial framework, and value creation opportunities. GXO Logistics, Inc. is described as the world’s largest pure-play contract logistics provider. GXO has over 150,000 team members across more than 1,000 facilities, totaling more than 200 million square feet. The webcast and presentation materials will be available on the Company’s Investor Relations website at investors.gxo.com, and a replay will be available following the event. GXO corporate headquarters is in Greenwich, Connecticut.

GXO and Co-op Extend Transport Partnership with New Five year Agreement

(NYSE: GXO) GXO Logistics, Inc. has announced a five-year transport contract expansion with Co‑op, advancing their supply chain partnership into its second decade. The agreement extends GXO and Co‑op’s transport operations partnership to over 20 years. The contract spans GXO’s transport operations at Avonmouth, Andover and Lea Green, supporting deliveries to over 1,000 Co‑op UK stores. GXO colleagues across the Co‑op transport network have contributed more than 1,500 hours of volunteering and engagement over the past year. Co-op operates more than 2,300 food stores, 800 funeral homes, and a wholesale business supplying around 8,000 additional outlets, employing 53,000 colleagues and generating annual revenues of over £11 billion. GXO has more than 150,000 team members across more than 1,000 facilities totaling more than 200 million square feet. The company projects continued collaboration to enhance efficiency, service and resilience across its transport network.

GXO renews long-term partnership with Carrefour in Belgium

(NYSE: GXO) GXO Logistics, Inc. announced the renewal of its long-standing partnership with Carrefour for frozen supply chain operations in Belgium and Luxembourg. The collaboration between GXO and Carrefour has spanned almost 50 years and is described as one of GXO’s longest customer relationships in Belgium. GXO operates a 43,720-square-meter frozen logistics facility in Zellik, including 23,000 square meters of mezzanine, supporting Carrefour with end-to-end storage and distribution operations. The operation utilizes a fleet of 40 trucks to supply more than 700 stores across Belgium and Luxembourg. GXO has over 150,000 team members across more than 1,000 facilities, totaling more than 200 million square feet. The company serves the world’s leading blue-chip companies with technologically advanced supply chain and ecommerce solutions. GXO’s corporate headquarters is in Greenwich, Connecticut.

GXO Reports First Quarter 2026 Results

GXO Logistics, Inc. (NYSE: GXO) reported first quarter 2026 results with revenue of $3.3 billion, up 10.8% year over year, and organic revenue growth of 4.1%. The company achieved $227 million in new business wins, with about 40% in strategic growth sectors, and a record sales pipeline of $2.7 billion. Net income was $5 million, reversing a net loss of $95 million in the prior year period. GXO raised its full-year 2026 guidance for adjusted EBITDA to $935 million–$975 million and adjusted diluted EPS to $2.90–$3.20. These results highlight strong commercial momentum, especially in North America, and increased demand in key verticals.