GXO Logistics, Inc. (GXO): Did this Freight Stock Beat the Market in Q1? [Yahoo! Finance]
GXO Logistics, Inc. (GXO)
Company Research
Source: Yahoo! Finance
The Red Sea Crisis & Shipping Challenges The Red Sea accounts for 30% of global container trade via the Suez Canal. According to a report by JP Morgan, the Houthi attacks have disrupted the entire supply chain, forcing companies to reroute around Southern Africa, adding 4,000 miles to every journey. Rerouting will increase transit times by almost 30% and global container shipping capacity will decline by almost 9%. The report suggests that spot rates have soared amid the crisis. Spot rates in January 2024 from China to the US West and East Coast rose by 140% to 120% compared to November 2023. Jamie Dimon's investment bank expects trade disruptions to add 0.7 percentage points to global core goods inflation, and 0.3 percentage points to overall core inflation. On May 6, Reuters reported that Maersk, the shipping giant, predicted that the crisis would cut the industry's capacity by almost 20% between Asia and Europe in the second quarter of 2024. Large shipping companies have diver
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GXO
News
- GXO recognized by Ex-Forces in Business for support of British veterans and reservists [Yahoo! Finance]Yahoo! Finance
- GXO recognized by Ex-Forces in Business for support of British veterans and reservistsGlobeNewswire
- Radial Announces Billy Peterson as Senior Vice President of Service Delivery Operations [Yahoo! Finance]Yahoo! Finance
- GXO advances humanoid strategy, announces multi-phase R&D initiative with Apptronik [Yahoo! Finance]Yahoo! Finance
- GXO advances humanoid strategy, announces multi-phase R&D initiative with ApptronikGlobeNewswire
GXO
Earnings
- 5/7/24 - In-Line
GXO
Sec Filings
- 6/13/24 - Form 4
- 5/23/24 - Form 4
- 5/23/24 - Form 4
- GXO's page on the SEC website