XPO’s GXO Logistics Rings NYSE Opening Bell

August 1, 2021  by Laurie Northington in Business Strategy, Industry   

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.