Spin off complete, GXO MD looks forward to a bright future for contract logistics and ecommerce


In August 2021 XPO completed the spin off of its Logistics division to create a new, separate company GXO, leaving the former Transport division to trade on as XPO. While there were good operational reasons for the split, Brad Jacobs, chairman and CEO of XPO Logistics, made no secret of the fact that a major driver was to increase shareholder value. Listed on the New York stock exchange, XPO shares were valued as low as $52 in November before the […]