• Photo: GXO Logistics

21.02.2024 Von: Mantra Kumar

Artikel Nummer: 48472

GXO rides the robotics wave

With acquisitions, investments, and new automation projects, 2023 was a largely successful business year for GXO. In its annual report, the logistics provider posts a full year revenue of USD 9.8 billion and record cash flows, as many more companies are turning to supply chain digitalisation and automation.


GXO specialises in robotics and AI solutions to logistical hurdles. 2023 saw a record deployment of its robots and many new collaborations with blue-chip companies. GXO also acquired PFS Web in October 2023, boosting its portfolio and welcoming 100 new brands in high-growth verticals.


Looking forward to 2024, the company remains optimistic and expects growth in both revenue and earnings. It aims to raise ebitda and earnings per share to keep up with the growing automation market. (mk)


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