Joe Hagan's questions to GXO Logistics Inc (GXO) leadership • Q3 2024
Question
Joe Hagan of Jefferies inquired about organic growth trends across GXO's key geographies (Continental Europe, UK, US) and verticals (retail vs. industrial), and asked for a deeper explanation of the surprising strength in the aerospace sector.
Answer
CEO Malcolm Wilson confirmed positive growth across all regions, with Continental Europe leading due to a surge in Germany. He highlighted strong performance in aerospace, tech, and retail, with a notable resurgence in e-fulfillment projects. Wilson explained the aerospace strength stemmed from strategic sales investments in Europe and leveraging the Wincanton acquisition's expertise, leading to a new cornerstone deal with a U.S. aerospace provider.