GXO Archives - The Loadstar Making sense of the supply chain Fri, 01 Nov 2024 16:20:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 31889032 UK regulator delays GXO’s Wincanton takeover, due to ‘competition concerns’ https://theloadstar.com/uk-regulator-delays-gxos-wincanton-takeover-due-to-competition-concerns/ https://theloadstar.com/uk-regulator-delays-gxos-wincanton-takeover-due-to-competition-concerns/#respond Fri, 01 Nov 2024 12:35:43 +0000 https://theloadstar.com/?p=284020 The UK’s Competition and Markets Authority (CMA), the country’s chief competition regulator, has delayed GXO’s takeover of Wincanton.
The CMA said today it had completed its ‘Phase 1’ investigation into the deal and concluded that it “could reduce competition in the supply of mainstream contract logistics services in the UK”.
GXO has been given five working days to “submit proposals to address the CMA’s concerns.
“If suitable proposals are not submitted, the CMA ...

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]]> https://theloadstar.com/uk-regulator-delays-gxos-wincanton-takeover-due-to-competition-concerns/feed/ 0 284020 Cold Lineage – looking for hot M&A post-IPO? https://theloadstar.com/cold-lineage-looking-for-hot-ma-post-ipo/ https://theloadstar.com/cold-lineage-looking-for-hot-ma-post-ipo/#respond Fri, 26 Jul 2024 11:32:55 +0000 https://theloadstar.com/?p=277426 You have to hand it to Lineage Logistics in one respect – when management decides to do something, it doesn’t hang around.
On 16 July it announced a price range of $70-$82 per share for its hungrily anticipated IPO, but noted it still awaited Nasdaq approval to put 47m shares up for sale.
Nine days later – yesterday, 25 July – it made its Nasdaq debut under the ticker LINE, selling 57m ...

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]]> https://theloadstar.com/cold-lineage-looking-for-hot-ma-post-ipo/feed/ 0 277426 Demand for warehousing expected to pick up – but facilities must be up to date https://theloadstar.com/demand-for-warehousing-expected-to-pick-up-but-facilities-must-be-up-to-date/ https://theloadstar.com/demand-for-warehousing-expected-to-pick-up-but-facilities-must-be-up-to-date/#respond Tue, 02 Jul 2024 12:41:18 +0000 https://theloadstar.com/?p=275690 Global warehouse demand is expected to pick up at the end of the year, according to Transport Intelligence (Ti), but it warned that ‘outdated’ warehouses would not secure premium contracts as shippers demand more modern and sustainable storage operations.
In its Q1 24 Warehouse Tracker, Ti reports that warehouse costs have increased steadily since the first quarter of 2022, although that growth has been dented by high vacancy rates.
In particular, markets ...

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]]> https://theloadstar.com/demand-for-warehousing-expected-to-pick-up-but-facilities-must-be-up-to-date/feed/ 0 275690 Industry starting to reap benefits of AI – but risks grow alongside https://theloadstar.com/industry-starting-to-reap-benefits-of-ai-but-risks-grow-alongside/ https://theloadstar.com/industry-starting-to-reap-benefits-of-ai-but-risks-grow-alongside/#respond Thu, 06 Jun 2024 12:09:21 +0000 https://theloadstar.com/?p=273695 2024 is the year organisations will begin deriving business value from AI, according to consultancy McKinsey & Co, but additional investment for cyber security can’t be ignored.  
“If 2023 was the year the world discovered generative AI, this is the year organisations truly began using – and deriving business value from – this new technology,” said McKinsey.  
Its latest global survey found 65% of respondents reported their organisation regularly using AI, nearly ...

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]]> https://theloadstar.com/industry-starting-to-reap-benefits-of-ai-but-risks-grow-alongside/feed/ 0 273695 ‘Don’t leave it too late to start your digital transformation’, says GXO’s Adrian Stoch https://theloadstar.com/dont-leave-it-too-late-to-start-your-digital-transformation-says-gxos-adrian-stoch/ https://theloadstar.com/dont-leave-it-too-late-to-start-your-digital-transformation-says-gxos-adrian-stoch/#respond Fri, 31 May 2024 10:53:34 +0000 https://theloadstar.com/?p=273226 An “inevitable inflection point” is approaching for companies to embrace digital transformation, but there are a number of reasons why stakeholders might hold back, according to GXO’s chief automation officer, Adrian Stoch. 
“If companies aren’t on a digital transformation programme, there’s an inevitable inflection point that’s going to occur in the very near future,” he told The Loadstar. 
“I’m thinking that, within the next one to two years, companies that haven’t started their ...

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]]> https://theloadstar.com/dont-leave-it-too-late-to-start-your-digital-transformation-says-gxos-adrian-stoch/feed/ 0 273226 Ecommerce driving contract logistics growth, but there is a threat https://theloadstar.com/ecommerce-driving-contract-logistics-growth-but-there-is-a-threat/ https://theloadstar.com/ecommerce-driving-contract-logistics-growth-but-there-is-a-threat/#comments Tue, 28 May 2024 12:33:51 +0000 https://theloadstar.com/?p=272942 The global contract logistics market reported positive trends last year, and is expected to continue this upward trajectory, according to Transport Intelligence (Ti) – but challenging external conditions could pose a threat to growth. 
A recent Ti report found the global contract logistics market grew by 3.5% in real terms in 2023, up from 2022’s 3% growth, which Ti said signalled a return to “a more normalised, pre-pandemic state of demand ...

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]]> https://theloadstar.com/ecommerce-driving-contract-logistics-growth-but-there-is-a-threat/feed/ 1 272942 Conf call redux: M&A-prone GXO Logistics buzzing https://theloadstar.com/conf-call-redux-ma-prone-gxo-logistics-buzzing/ https://theloadstar.com/conf-call-redux-ma-prone-gxo-logistics-buzzing/#respond Mon, 13 May 2024 11:40:28 +0000 https://theloadstar.com/?p=271668 GXO Logistics is a one of a kind. In the pure-play contract logistics operator (PPCLO – ™Loadstar Premium) sector it’s the Big Kahuna, second in size only to DHL Supply Chain in the wider contract logistics field, and with a deal pedigree that comes from its origins in Brad Jacobs’ M&A-built XPO Logistics.
With the takeover of UK-based Wincanton recently completed, GXO last week released first quarter earnings that barely moved ...

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]]> https://theloadstar.com/conf-call-redux-ma-prone-gxo-logistics-buzzing/feed/ 0 271668 GXO – ‘defensiveness of business model supports valuation’ https://theloadstar.com/gxo-defensiveness-of-business-model-supports-valuation/ https://theloadstar.com/gxo-defensiveness-of-business-model-supports-valuation/#respond Thu, 09 May 2024 06:36:50 +0000 https://theloadstar.com/?p=271423 UBS analysts yesterday released a GXO note to investors in the wake of Q1 numbers.
Stock was little changed Wednesday (-0.5%), but the pros are adamant the contract logistics firm offers plenty of upside – almost +40% from current levels, in fact.
They “continue to apply an 11x multiple to our 2025 EBITDA forecast to derive our price target of $71 (unchanged)”.
They added the defensiveness “of GXO’s model, and the medium-term ...

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]]> https://theloadstar.com/gxo-defensiveness-of-business-model-supports-valuation/feed/ 0 271423 GXO completes its acquisition of Wincanton https://theloadstar.com/gxo-complete-the-acquisition-of-wincanton/ https://theloadstar.com/gxo-complete-the-acquisition-of-wincanton/#respond Mon, 29 Apr 2024 14:08:45 +0000 https://theloadstar.com/?p=270560 PRESS RELEASE
On 29 February 2024, GXO announced its firm intention to make a cash offer to acquire the entire issued and to be issued share capital of Wincanton (the “Acquisition”) for an offer price of 605 pence in cash per Wincanton Share (the “GXO Offer”). On 1 March 2024, the board of Wincanton announced the Wincanton Directors’ intention to recommend the GXO Offer.
The scheme document in respect of the Acquisition ...

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]]> https://theloadstar.com/gxo-complete-the-acquisition-of-wincanton/feed/ 0 270560 Daikin and GXO announce opening of new Midlands warehouse https://theloadstar.com/daikin-and-gxo-announce-opening-of-new-midlands-warehouse/ https://theloadstar.com/daikin-and-gxo-announce-opening-of-new-midlands-warehouse/#respond Wed, 17 Apr 2024 09:39:57 +0000 https://theloadstar.com/?p=269627 PRESS RELEASE
£4 million investment in new facility 
Daikin continues to grow with GXO’s flexible logistics solution 
17-year partnership continues to expand
LONDON, U.K., April 17, 2024
Daikin, a renowned leader in the heating, cooling and ventilation industry, has announced the opening and commencement of outbound deliveries from its new Midlands warehouse in Daventry, in partnership with its logistics partner GXO, the world’s largest pure-play contract logistics provider.
Located in the heart of the U.K. logistics “golden triangle” in ...

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