The world’s largest pure-play contract logistics operator GXO Logistics has released its first results since its spin-off from XPO Logistics, and upgraded its full-year guidance on the back of recent contract wins.
It posted third-quarter revenues of $2bn, which it said was up 24.6% year-on-year, and adjusted EBITDA of $163m, compared to a pro forma adjusted EBITDA of $142m the year before.
Malcolm Wilson, chief executive officer of GXO, said: “We executed …

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Source: The Loadstar