GXO Logistics Inc Stock News

This has been a phenomenal year for the broader indexes. But there are still plenty of opportunities for scooping up shares of out-of-favor stocks at compelling valuations.

It's been an excellent year for the market, with the S&P 500 up nearly 27% on the year at the time of writing. Unfortunately, it hasn't been such a great year for investors in copper miner Freeport-McMoRan (FCX -1.16%) (up 1% on the year), contract logistics company GXO Logistics (GXO -0.72%) (down 19%), and advanced composites manufacturer Hexcel (HXL -0.22%) (down 14%).

Strategic collaboration to enhance product availability and speed up flows and customer deliveries PARIS, France, Dec. 12, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, has announced that it has signed a contract with SAMSE Group, the second-largest French distributor of building materials and tools. This partnership is part...

GXO Logistics Inc. NYSE: GXO is one of the largest contract logistics companies in the transportation sector. They enable businesses to manage distribution operations and supply chains better, utilizing GXO's vast global network of warehouses and distribution networks.

Shares of GXO Logistics (GXO -2.36%) were heading lower after the company said that CEO Malcolm Wilson would retire next year. The decline in the stock seemed to be less of a reflection on Wilson, and more based on reports that GXO won't be sold, as reports in October had indicated that the company was fielding multiple takeover offers.

GREENWICH, Conn., Dec. 03, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO) today announced that Malcolm Wilson, chief executive officer, has informed the board of directors that he plans to retire in 2025. He will continue to lead the company during the executive search process for his successor.

With just over a month to go in 2024, it's fair to say that it's been a good year for stocks. The S&P 500 index's level has risen 26% across the stretch, and the more growth-oriented Nasdaq Composite index has rocketed 42% higher.

Successful partnership extended beyond retail to include ecommerce and returns WARSAW, Poland, Nov. 28, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, and OBI, a leading brand in the European DIY market, today announced their partnership renewal which will extend beyond retail to include ecommerce and returns, at an onsite ce...