SA: GXO Logistics Q2 revenue rides on customer wins, raises FY22 guidance

AGXO

By LoadstarEditorial

03/08/2022

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…

To read the full post, please click here (free reg. is required).

Comment on this article

You must be logged in to post a comment.

Topics

GXO Logistics Seeking Alpha Amazon

Most read news

Etail by air – here to stay or on a short shelf life?

HMM sees opportunities in Hapag-Lloyd’s exit from THE Alliance

The rise and rise of China's ecommerce platforms

Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban

Legal battle heats up over 'unseaworthy' and 'reckless' MV Dali

DSV chief reticent on Schenker: the focus on growing market share

Another strong month for US ports as container flows continue to rise

MSC redeploys 'Israel-linked' box ships away from Persian Gulf

Boxes piling into Mexican ports – but then piling up

Liners add capacity to Asia-ECSA as ocean rates hit 18-month high

K+N looks past Q1 revenue drop to improved margins from restructure

US intermodal picking up steam as trucking woes continue

Schenker, what Schenker? DSV boss talks up options – yes, Sir!

No summer siesta for airfreight

Air Canada Cargo adds freighter service to Chicago

Plateauing Kuehne + Nagel still rules but isn't liked very much