GXO Partners with Reflex Robotics to Deploy New Warehouse Automation
GXO Logistics, Inc. (GXO)
Company Research
Source: GlobeNewswire
Agreement offers exceptional flexibility on a RaaS model GREENWICH, Conn., Sept. 18, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, today announced a new agreement with Reflex Robotics, a cutting-edge general-purpose humanoid startup, to pilot Reflex’s robotics solution for deployment into live operations. This is GXO’s second Robots-as-a-Service (RaaS) agreement. The Reflex Robot is an out-of-the-box solution that reaches operational capability within 60 minutes of deployment and ramps to become fully autonomous by learning from human demonstrations over time. The multi-purpose humanoid from Reflex can transition seamlessly between repetitive tasks, from tote transfers between other kinds of automation to product picking. “We’re pleased to partner with Reflex to develop applications for its Reflex Robot across various tasks in our warehouses,” said Adrian Stoch, Chief Automation Officer of G
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GXO
News
- GXO Logistics, Inc. (NYSE: GXO) had its price target raised by analysts at UBS Group AG from $66.00 to $72.00. They now have a "buy" rating on the stock.MarketBeat
- GXO Logistics, Inc. (NYSE: GXO) had its price target raised by analysts at TD Cowen from $82.00 to $83.00. They now have a "buy" rating on the stock.MarketBeat
- GXO Logistics Inc (GXO) Q3 2024 Earnings Call Highlights: Record Revenue and Strategic Growth ... [Yahoo! Finance]Yahoo! Finance
- GXO Logistics sees ‘more normal' freight market returning [Yahoo! Finance]Yahoo! Finance
- GXO Logistics posts record quarterly revenue of $3.16B [Yahoo! Finance]Yahoo! Finance
GXO
Earnings
- 11/4/24 - In-Line
GXO
Sec Filings
- 11/5/24 - Form 10-Q
- 11/4/24 - Form 8-K
- 11/4/24 - Form 8-K
- GXO's page on the SEC website