Levi Strauss shifts Ohio logistics work to Maersk [Yahoo! Finance]
GXO Logistics, Inc. (GXO)
Company Research
Source: Yahoo! Finance
in Ohio to logistics giant Maersk, part of the retailer's transition to a hybrid distribution strategy. Maersk announced Wednesday that its warehouse and distribution services unit in August began operating a 1.2 million-square-foot distribution center in Groveport, Ohio, for the apparel company. Maersk recently leased the building and took over processing wholesale, retail and e-commerce shipments that were previously handled at another location by Levi's (NYSE: LEVI ) itself, according to a Maersk spokesperson. The facility is a key cog in Levi Strauss' push to make direct-to-consumer its primary sales channel and modernize supply chain operations. It is the 10th global facility operated by Maersk for the retailer. Maersk, one of the world's largest ocean shipping companies, has expanded to become an integrated logistics provider to multinational businesses like Levi's. Among the services it provides Levi's is consolidating orders at overseas points of origin for air and ocean t
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GXO
News
- Q3 Earnings Outperformers: GXO Logistics (NYSE:GXO) And The Rest Of The Air Freight and Logistics Stocks [Yahoo! Finance]Yahoo! Finance
- New Survey Reveals Half of Brits to rely on Black Friday for Festive Gift Purchases [Yahoo! Finance]Yahoo! Finance
- GXO Logistics, Inc. (NYSE: GXO) had its price target raised by analysts at Barclays PLC from $55.00 to $60.00. They now have an "equal weight" rating on the stock.MarketBeat
- Some Investors May Be Willing To Look Past GXO Logistics' (NYSE:GXO) Soft Earnings [Yahoo! Finance]Yahoo! Finance
- 5 ‘Sleeper Stocks' You Might Not Know About — but Could Pay Big in 2025 [Yahoo! Finance]Yahoo! Finance
GXO
Earnings
- 11/4/24 - In-Line
GXO
Sec Filings
- 11/14/24 - Form SC
- 11/5/24 - Form 10-Q
- 11/4/24 - Form 8-K
- GXO's page on the SEC website