GXO – boring is beautiful
‘We’re not here to create empires’
It’s Investor Day for GXO Logistics in New York today!
In early trade, the shares were 6% higher in mixed US trading following CPI numbers in line with expectations.
Seeking Alpha flagged the news that the contract logistics company “expects to triple adjusted EBITDA between 2021 to 2027“… with Brad Jacobs writing on social media:
“Big numbers!”
That was a comment to a post from GXO chief investment officer, Mark Manduca, who ahead of the event noted:
“GXO Logistics, Inc. Investor Day. The three key numbers: ~$1.6bn of adjusted EBITDA in 2027 = +17% compound annual growth rate (2021 to 2027). +$2bn of cumulative free cash flow (2021 to 2027). See you at 8am EST. Showtime.”
Shock as new Asia-N Europe FAK rate dwarfs weak spot market
Fleet-heavy ocean carriers also stuck with too many containers
More box ships diverting to Suez Canal routes as Panama restrictions tighten
A SAF future could be being built on an uncertain foundation
MSC slaps bumper surcharge on boxes through restricted Panama Canal
Carriers try for more GRIs on Asia-Europe, eyeing Thanksgiving positives
Diageo goes green with appointment of sustainable freight innovator Zeus for new HVO trial
Maersk diverts two vessels from Middle East region over attack fears
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article