LTL and brokerage giant XPO Logistics on Thursday said its warehousing spinoff, which it announced in December it was dissecting from its trucking and freight brokerage businesses, will be called GXO. Like XPO, GXO will be publicly traded on the New York Stock Exchange.
The company will operate independently from XPO. The company says the initials stand for “game-changing opportunities.”
Malcolm Wilson, previously CEO of XPO’s European division, has been named CEO of GXO.
