摘要: |
XPO LOGISTICS, a provider of global freight transportation and logistics services, filed its Form 10 registration statement with the Securities and Exchange Commission (SEC) for GXO Logistics, its standalone global contract logistics group last month. The company said that this Form 10 was filed in connection with the XPO's planned spin-off of its logistics unit into a separate publicly traded company, which was initially announced in December, 2020. And, it noted that the spin-off is expected to be complete in the third quarter, adding that GXO will be traded on the New York Stock Exchange. "GXO's Form 10 public filing is a key step forward in our spin-off plan," said Brad Jacobs, chairman and chief executive officer of XPO Logistics. "The separation will create two pure-play powerhouses in the supply chain industry, XPO in transportation and GXO in logistics, each with enhanced prospects for growth." XPO officials pointed to how, with years of technology-focused investments being a core principle of its growth trajectory, the new GXO will be able to leverage various aspects of what it called the logistics industry's predominant secular tailwinds, including: the growth in e-commerce and omni-channel retail; fast-growing customer demand for automation and digital capabilities; and a shift toward outsourcing supply chain services. |