GXO Logistics experiences a 54% share dip due to sluggish demand amid economic challenges.
GXO Logistics, the world's largest pure-play contract logistics firm, faces sluggish demand amid economic challenges, leading to a 54% share dip from 2021's peak. Despite challenges, GXO continues to invest in tech advancements, including automation and AI, targeting 8-12% organic revenue CAGR (2021-2027) to $17bn revenue and 17% adjusted EBITDA CAGR ($1.6bn). Global reach and tech edge make it a potential buy for patient investors.
August 11, 2024
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