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Stock impact report

GXO advances humanoid strategy, announces multi-phase R&D initiative with Apptronik [Yahoo! Finance]

GXO Logistics, Inc. (GXO) 
Company Research Source: Yahoo! Finance
GREENWICH, Conn., June 20, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, announced it is conducting an early-stage proof-of-concept program in partnership with robot manufacturer Apptronik . This collaboration marks another milestone in GXO's strategy to advance humanoid innovation by partnering with developers to help shape their prototypes to meet the evolving demands of the logistics industry. “We're excited to partner with Apptronik to develop their AI-enabled humanoid robot,” said Adrian Stoch, Chief Automation Officer, GXO. “Apollo has great potential to add value throughout the distribution center, including the most labor-intensive operational processes. These kinds of robotics reduce repetitive work and improve safety while freeing associates to focus on higher-value-added activities. As we progress on our R&D journey with Apptronik, we'll also be evaluating its capability for other critical use cases a Show less Read more
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