Reported 21 days ago
GXO Logistics Inc. achieved a remarkable quarterly revenue of $3.16 billion, marking a 28% increase from the previous year. The company surpassed Wall Street forecasts, with adjusted earnings per share rising to 79 cents. Despite a significant drop in net income, the demand for e-commerce fulfillment services has driven growth, accounting for over half of the latest contracts. GXO, with a workforce of over 130,000 and a vast facility footprint, continues to expand its capabilities in the logistics sector.
Source: YAHOO