FurnitureCore
Search Twitter Facebook Digital HFBusiness Magazine Pinterest Google
Advertisement
Ad_EMarketPreview

Get the latest industry scoop

Subscribe
rss

Daily News

From Home Furnishing Business

XPO’s GXO Logistics Rings NYSE Opening Bell

XPO Logistics (NYSE: XPO) has announced that the executive team and members of the board of directors of GXO Logistics, Inc. will ring the New York Stock Exchange’s Opening Bell at 9:30 a.m. today, launching GXO as the world’s largest pure-play contract logistics provider.

As previously announced, GXO is expected to separate from its parent company, XPO, and begin regular-way trading on the New York Stock Exchange under the symbol “GXO.” The distribution of GXO common stock completes at 12:01 a.m. EDT on August 2, 2021, with each XPO stockholder of record as of the close of business on July 23, 2021, the record date, receiving one share of GXO common stock for every share of XPO common stock.

GXO will be the largest pure-play contract logistics provider in the world, with approximately 94,000 team members and 869 logistics facilities in 27 countries. GXO will be well-positioned to capitalize on significant secular tailwinds driving customer demand, including e-commerce growth, logistics automation and supply chain outsourcing.







b i u quote


CAPTCHA image
Enter the code shown above in the box below.
Save Comment

Showing 0 Comment

CoreVid
HFB Got News
HFB Designer Weekly
HFB Designer Weekly
HFB Pinterest
HFBusiness Got News