11 Best Logistics Stocks to Invest in Right Now

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9. GXO Logistics, Inc. (NYSE:GXO)

Number of Hedge Funds: 33

GXO Logistics, Inc. (NYSE:GXO) is the world’s largest pure-play contract logistics provider. The company provides warehousing and distribution, order fulfillment, e-commerce, reverse logistics, and other supply chain services. It serves a range of industries including aerospace, agribusiness, e-commerce, healthcare, and public sector among others. The company is headquartered in Greenwich, Connecticut.

GXO serves as a global leader in offering cutting-edge logistics solutions for multinational companies and blue-chip market leaders. The company’s extensive experience in B2B and B2C verticals and its significant investments in innovation have positioned it strongly to capitalize on the industry tailwinds including growth in e-commerce, customer demand for advanced automation, and the trend toward outsourcing supply chain services.

The business momentum stays strong for GXO Logistics, Inc. (NYSE:GXO) as the firm closed the third quarter of 2024 with a record quarterly revenue of $3.2 billion, which reflected growth of 28% year-over-year as well as a sequential improvement in organic revenue growth and strong free cash flow. Another major milestone for GXO was signing approximately $750 million in annualized revenue year to date which makes the firm all set to deliver a record year for new business wins in 2024.

The aforementioned tailwinds continue to drive the company’s performance, with the rising demand for e-commerce capacity being a major one. This is evident from the fact that over half of the firm’s new wins in the third quarter originated from e-fulfillment while GXO also opened the largest ecommerce warehouse in France.

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