Latest news with #GXOLogistics
Yahoo
4 days ago
- Business
- Yahoo
7-Eleven taps former Amazon, Target exec to run demand chain
This story was originally published on C-Store Dive. To receive daily news and insights, subscribe to our free daily C-Store Dive newsletter. 7-Eleven has named Joshua Dolan as senior vice president of demand chain, according to the company's website, which was updated this week. In his role, Dolan is responsible for 'expanding and optimizing 7-Eleven's enterprise-wide logistics capabilities and improving execution,' according to his company bio. According to his LinkedIn bio, Dolan officially took on the role in June. He joins 7-Eleven from logistics giant GXO Logistics, where he was president of its consumer products division the Americas and Asia Pacific for nearly two years, according to his LinkedIn bio. Prior to GXO, Dolan spent about four years as SVP of supply chain for healthcare company Cardinal Health, where he focused on leading the company's pharmaceutical supply chain and enterprise logistics, according to his LinkedIn bio. He also oversaw Cardinal Health's inventory management, technology and automation, distribution operations, specialty operations, and enterprise transportation and logistics. Between 2012 and 2019, Dolan held director and VP-level supply chain and logistics roles with Dick's Sporting Goods, Target and Amazon, according to his LinkedIn bio. Amazon was the most recent of these three companies. There,Dolan helped lead logistics for its national and private brands and third-party sellers. He also spearheaded the development of Amazon's global distribution platform, according to his LinkedIn bio. At Target, Dolan led the retailer's international logistics team and oversaw all international transportation and freight management and distribution, ocean and air operations and more. A few years before at Dick's, Dolan managed the company's domestic inbound transportation, store delivery and international logistics, trade compliance and e-commerce logistics, according to his LinkedIn bio. Earlier in his career, Dolan held supply chain roles with UPS, Reebok, IKEA and other firms. 7-Eleven continues to make changes atop its leadership team as the world's largest c-store retailer prepares for its 2026 IPO and years-long expansion in the U.S. Earlier this month, the convenience retailer named Dave Strachan as vice president and chief of staff to CEO Joseph DePinto. Recommended Reading 7-Eleven brings back former chief of staff
Business Insider
10-08-2025
- Business
- Business Insider
Thompson Davis Reaffirms Their Buy Rating on GXO Logistics (GXO)
Thompson Davis analyst maintained a Buy rating on GXO Logistics on August 8 and set a price target of $65.00. The company's shares closed last Friday at $50.33. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. In addition to Thompson Davis, GXO Logistics also received a Buy from J.P. Morgan's Brian Ossenbeck in a report issued on August 7. However, on the same day, Loop Capital Markets maintained a Hold rating on GXO Logistics (NYSE: GXO). The company has a one-year high of $63.33 and a one-year low of $30.46. Currently, GXO Logistics has an average volume of 1.29M.
Yahoo
06-08-2025
- Business
- Yahoo
GXO encouraged by pre-peak season activity, well positioned for 2026
Contract logistics provider GXO Logistics touted new business wins and slightly raised its 2025 outlook on Tuesday after the market closed. The Greenwich, Connecticut-based company cited increased interest from e-commerce and reverse logistics companies as a reason. GXO (NYSE: GXO) reported second-quarter adjusted earnings per share of 57 cents. The result was 2 cents higher year over year and 1 cent ahead of the consensus estimate. (Adjusted results exclude nonrecurring expenses from acquisitions and a restructuring, among other items.) Adjusted earnings before interest, taxes, depreciation and amortization of $212 million was 13% higher y/y. GXO inked $307 million in new deals during the second quarter, pushing total business wins to $535 million in the first half of 2025. The company's pipeline was $2.4 billion at the end of the period, a modest step down from $2.5 billion at the end of the first quarter, however it continues to convert the pipeline into revenue. (The pipeline excludes any contribution from the Wincanton acquisition, which was cleared by the UK Competition and Markets Authority in June.) Management described the pipeline on a Wednesday call with analysts as 'more diverse than ever before,' and noted it contains more warehouse automation opportunities than in the past. It said many of its new wins in the e-commerce space include the use of AI inventory replenishment tools. Consolidated revenue of $3.3 billion was 16% higher y/y and ahead of the consensus estimate of $3.1 billion. The bulk of the growth was tied to recent acquisitions. Organic revenue grew by 6% in the quarter. GXO reiterated its full-year 2025 outlook for organic revenue growth of 3.5% to 6.5% and adjusted EPS of $2.43 to $2.63. (The consensus EPS estimate was $2.50 at the time of the print.) It raised adjusted EBITDA guidance by $5 million to a new range of $865 million to $885 million. This was the second increase to the EBITDA outlook since it released first-quarter results in May. 'We're seeing customers really preparing in earnest for what will be a good holiday season,' said GXO CEO Malcolm Wilson on the call. He said the activity provides 'a strong level of confidence in delivering the full-year organic outlooks.' He also noted that the company is set up well for 2026 given the recent business wins, noting it will enter a new year with more incremental revenue booked than ever before. Wilson also acknowledged the management team has a reputation for 'being prudent' with guidance. While acknowledging 'several opportunities' to outperform the new guide, he said a level of conservatism is warranted given market uncertainties and the company's upcoming executive leadership transition. GXO announced in June that supply chain veteran Patrick Kelleher will succeed Wilson, who is retiring as CEO this month. It also announced on Tuesday that Chief Financial Officer Baris Oran is leaving the company to pursue other opportunities but will remain in place until a new CFO in named. Shares of GXO were off 0.2% at 11:29 a.m. EDT on Wednesday compared to the S&P 500, which was up 0.6%. More FreightWaves articles by Todd Maiden: Lineage says high food prices weighing on warehouse occupancy Freight market's 'holding pattern' continues in July Beleaguered TL carrier Pamt Corp. names new CEO The post GXO encouraged by pre-peak season activity, well positioned for 2026 appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-08-2025
- Business
- Yahoo
First look: GXO Q2 earnings
Contract logistics provider GXO Logistics beat analysts' second-quarter expectations on Tuesday after the market closed. Greenwich, Connecticut-based GXO (NYSE: GXO) reported adjusted earnings per share, which exclude one-off charges like acquisition and restructuring expenses, of 57 cents. The result was 2 cents higher year over year and 1 cent ahead of consensus. Adjusted earnings before interest, taxes, depreciation and amortization of $212 million was 13% higher y/y. Consolidated revenue of $3.3 billion was 16% higher y/y and ahead of the consensus estimate of $3.1 billion. The bulk of the growth was tied to recent acquisitions. Organic revenue grew by 6% in the quarter. The company inked $307 million in new deals in the period, surpassing $500 million in business wins year-to-date. 'Given our better-than-expected performance in the first half of the year, we are again raising our full-year adjusted EBITDA guidance, following our guidance raise in June for organic revenue growth, adjusted EBITDA and adjusted diluted earnings per share,' said CEO Malcolm Wilson in a Tuesday news release. The new full-year 2025 adjusted EBITDA guidance is $865 million to $885 million ($5 million higher at each end of the range). The company reiterated guidance for organic revenue growth of 3.5% to 6.5% and adjusted EPS of $2.43 to $2.63. (The consensus EPS estimate was $2.50 at the time of the print.) GXO announced that Chief Financial Officer Baris Oran is leaving the company to pursue other opportunities. However, he will remain in place until his successor is named. 'Baris has been dedicated not only to the performance of the company, but to our customers and our people,' Wilson said. 'GXO is well positioned for its next chapter of growth thanks, in large part, to his valuable contributions.' The company announced in June that supply chain veteran Patrick Kelleher will succeed Wilson, who is retiring as CEO this month. Shares of GXO were up 1.1% in after-hours trading on Tuesday. GXO will host a conference call to discuss second-quarter results at 8:30 a.m. EDT on Wednesday. More FreightWaves articles by Todd Maiden: Freight market's 'holding pattern' continues in July Beleaguered TL carrier Pamt Corp. names new CEO XPO sees 'massive runway' to push margins higher The post First look: GXO Q2 earnings appeared first on FreightWaves. Sign in to access your portfolio
Yahoo
03-08-2025
- Business
- Yahoo
3 Reasons XPO Stock Could Take Off in the Second Half of the Year
Key Points XPO beat estimates on the top and bottom lines in its second-quarter report. After an earlier investment cycle, management expects capex as a percentage of revenue to start to decline. XPO was the only one of the three major LTL carriers to improve its operating ratio in the quarter. 10 stocks we like better than XPO › The stock of XPO (NYSE: XPO) was one of the biggest winners of the last decade, and the less-than-truckload (LTL) carrier has continued in recent years, as the stock has quadrupled since early 2023. Those gains followed the spinoff of both GXO Logistics and RXO, its former truck brokerage division. Like its peers including Old Dominion Freight Lines and Saia, XPO continues to face headwinds from a "freight recession" that has lasted for about two to three years as manufacturing activity and industrial production have mostly contracted during that time. Nonetheless, the carrier has found new ways to grow its bottom line and improve margins, and those trends were on display in its second-quarter earnings report. XPO clears the Wall Street bar In a difficult macro environment, XPO reported flat revenue at $2.08 billion, which topped estimates at $2.05 billion. Revenue in the core North American LTL business (carriers that specialize in transporting smaller shipments that don't require a full truckload) was down 2.5% to $1.24 billion, while its European Transportation segment rose 4.1% to $841 million. Tonnage was down 6.7% per day, but the company made up for the decline in volume with an increase in yield (or price) of 6.1%, excluding fuel. Price increases were driven in part by service improvements like reducing damage claims and improved on-time performance that have allowed the company to raise prices. And it has found growth in the local market, serving small to medium-size businesses in need of local transportation. XPO was the only one of the three top LTL carriers to improve its adjusted operating ratio, which is the inverse of operating margin, in North America, which fell 30 basis points to 82.9% (a lower ratio is an indication of higher efficiency). Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) were essentially flat, falling from $343 million to $340 million, while adjusted earnings per share (EPS) fell from $1.12 to $1.05 as it lapped a tax benefit from the year before. That result still beat the consensus at $0.99. Investors seemed to shrug off the news as the stock was down slightly following the results and the earnings call, but XPO could please investors in the back half of the year. Let's take a look at a few reasons why. 1. Share buybacks are set to resume Historically, share repurchases have been a key tool for XPO to generate shareholder value, and it has deployed them effectively. The company began repurchasing its stock again in the second quarter, buying back a modest $10 million, and chief strategy officer Ali Faghri said in an interview with The Motley Fool that he expected those repurchases to pick up in the second half of the year, the time of year when it brings in the vast majority of its free cash flow due to the seasonality of its capital expenditures (capex). After years of ramping up capex to invest in new tractors, trailers, and terminals, the company expects capex as a percentage of revenue to start to decline, freeing up cash to invest in share repurchases and paying down debt. Both of those moves should help lift EPS as debt reduction will lower its interest expense, which ate up more than a quarter of operating income in the second quarter, and lowering shares outstanding will boost per-share earnings even if net income remains flat. 2. Nearshoring could drive growth in the industrial economy Growth in the LTL sector and for XPO in particular is closely tied to manufacturing activity in the country, and according to the ISM Manufacturing Purchasing Managers Index (PMI), manufacturing activity has been declining for most of the last three years. It's unclear if trade negotiations have had an impact so far on XPO's business, but Faghri was optimistic that the new round of tariffs could help encourage nearshoring, or the return of manufacturing to the U.S., which would be a boon to XPO since two-thirds of its business comes from industrial customers. More U.S manufacturing would drive demand for LTL transportation, and could fuel a boom in the industry after years of stagnation. 3. Its local business is accelerating Despite the overall headwinds in tonnage, XPO is finding growth in the local channel, where a combination of investing in a local sales force and improvement in service quality through lower damage claims and improved on-time percentages have helped it attract more local business. That segment grew by high single digits in the second quarter, according to Faghri. That's also a key strategic initiative for the company since those tend to be higher-margin customers. Over the longer term, XPO aims to grow its share of revenue from the local channel from 20% to 30%. That figure is now in the low-to-mid 20% range, indicating more runway ahead as it grabs market share in that segment. Overall, XPO remains on track to achieve the 2027 goals it announced in 2021, which include compound annual revenue growth of 6% to 8%, compound annual adjusted EBITDA growth of 11% to 13%, and a 600-basis-point decline in adjusted operating ratio, meaning it would improve to 81%. With three potential growth drivers for the second half of the year, XPO appears to be in position to deliver strong results for investors, even as the broader freight market is still weak. Should you invest $1,000 in XPO right now? Before you buy stock in XPO, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and XPO wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Jeremy Bowman has positions in GXO Logistics, RXO, and XPO. The Motley Fool has positions in and recommends Old Dominion Freight Line. The Motley Fool recommends GXO Logistics, RXO, and XPO and recommends the following options: long January 2026 $195 calls on Old Dominion Freight Line and short January 2026 $200 calls on Old Dominion Freight Line. The Motley Fool has a disclosure policy. 3 Reasons XPO Stock Could Take Off in the Second Half of the Year was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
