Unsold GXO – Vertical integration in logistics? You must be kidding
Forget that myth
SEEKING ALPHA reports:
– GXO Logistics (NYSE:GXO) is trading 5.9% higher premarket after its Q2 saw a beat in revenue and EPS and a raised FY22 organic revenue guidance based on highest-ever new business wins combined with first half achievements.
– During Q2, GXO won new customer contracts expected to contribute $475M in annualized revenue; new customer contracts GXO won through the second quarter 2022 are expected to contribute ~$500M in incremental revenue in 2023…
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