breaking

GXO Posts Strongest Quarter in Three Years as Contract Logistics Demand Accelerates

GXO Logistics reported second-quarter results Tuesday showing its best commercial performance in three years. New business wins reached $410 million, a 34% increase from the prior year. The contract logistics provider operates 970 facilities totaling 200 million square feet globally, with growth across all three geographic regions. North America led momentum with first-half contract wins jumping 85% year-over-year. Adjusted EBITDA climbed to $219 million from $212 million, while adjusted diluted earnings per share rose to 59 cents from 57 cents. Operating cash flow surged to $76 million versus $3 million in the prior-year quarter. The Greenwich, Connecticut-based company has already secured $1 billion in incremental 2026 revenue, up 29% annually. Its sales pipeline expanded to $2.7 billion in July. GXO maintained its 2026 guidance projecting 4% to 5% organic revenue growth.