XPO Logistics Spin-Off, GXO Logistics, to Ring NYSE Opening Bell®

The executive team and members of the board of directors of GXO Logistics, Inc. will ring the New York Stock Exchange’s Opening Bell® on Monday, August 2, 2021, launching GXO as the world’s largest pure-play contract logistics provider.

As previously announced, GXO is expected to separate from its parent company, XPO, and begin regular-way trading on the New York Stock Exchange under the symbol “GXO.” The distribution of GXO common stock completes at 12:01 a.m. EDT on August 2, 2021, with each XPO stockholder of record as of the close of business on July 23, 2021, the record date, receiving one share of GXO common stock for every share of XPO common stock.

GXO will be the largest pure-play contract logistics provider in the world, with approximately 94,000 team members and 869 logistics facilities in 27 countries. GXO will be well-positioned to capitalize on significant secular tailwinds driving customer demand, including e-commerce growth, logistics automation and supply chain outsourcing.

About the GXO Spin-Off
 

XPO expects to spin off its logistics segment on August 2, 2021, creating two pure-play industry powerhouses: XPO Logistics and GXO Logistics. The separation will create two independent public companies with distinct investment identities and service offerings in vast addressable markets.

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