The Latest Breaking News from GXO

It’s the latest blow for the beer and pub industry after chancellor Jeremy Hunt reversed a planned freeze in the rate of alcohol duty

Drivers with GXO Logistics, which makes 40% of beer deliveries, to strike over pay and job cuts

Warehouse giant adding 22,000 jobs worldwide

Potential walkouts would affect beer supplies to pubs and venues supplied by major breweries

Delivery drivers who supply beer across the country may take strike action next month

On Oct. 12, 2021, GXO Logistics Chief Investment Officer Mark Manduca laid out the argument for why the Greenwich, Connecticut-based firm represented a new breed of logistics company."This is a hard business to wrap your head around. There is no company out there that is scalable contract logistics," he told…

Deliveries of orders not guaranteed while administrators unlikely to honour refund requests from before they were called in

Union members will not be balloted on the new pay deal

U.S. consumers are showing resilience in the face of high inflation, according to retail sales numbers from Tuesday morning, which came in higher month-over-month.

GXO Logistics (GXO) is making development headway and expects a promising 2022. However, the company is likely to suffer from COVID-19-related lockdowns and a rise in crude oil prices. So, let’s find out if it is wise to buy the dip in the stock now. Read on.

Citi analyst Christian Wetherbee is "constructive" on GXO Logistics Inc's (NYSE:GXO) purchase of Clipper Logistics in a deal valued at $1.3 billion, split between cash and stock. Wetherbee maintained a Buy rating on the shares with a price target of $110. The analyst likes the "high-growth nature" of Clipper's business, saying it is underpinned by…