12 Best Warehouse and Self-Storage Stocks to Buy Now

5. GXO Logistics Inc. (NYSE:GXO)

Number of Hedge Fund Holders: 33

GXO Logistics Inc. (NYSE:GXO) is an American global contract logistics company that helps blue-chip companies solve complex logistics challenges with technologically advanced supply chain and e-commerce solutions. The company provides a variety of services including warehousing, transportation, order fulfillment, e-commerce, and reverse logistics. With approximately 970 warehouse locations and around 200 million square feet of warehouse space in 27 countries, the company is well-positioned to capitalize on the rapid growth of e-commerce and digitization. GXO ranks among the best warehouse stocks to invest in.

In Q3 2024, the company reported a 28% year-over-year increase in revenue, which reached a record $3.2 billion. During the quarter, GXO Logistics Inc. (NYSE:GXO) signed new business wins worth $226 million. As of the end of the third quarter of 2024, this brought the company’s year-to-date wins to approximately $750 million. Additionally, the company has a strong sales pipeline that has grown 30% year-over-year to reach $2.4 billion. GXO Logistics Inc. (NYSE:GXO) is set to deliver a record year for new business wins in 2024.

The company is strategically focused on the growing demand for e-commerce capacity and automation. E-commerce has been a key growth driver for GXO Logistics Inc. (NYSE:GXO). More than half of the company’s new wins in Q3 2024 came from e-fulfillment services. GXO also opened the largest e-commerce warehouse in France, in partnership with a long-term customer, which is highly automated.