First look: GXO Logistics Q3 revenue hits $3.6B 

GXO Logistics reported third-quarter revenue of $3.59 billion, a 5.7% increase from a year earlier, as the global contract logistics provider secured more new business and expanded its sales pipeline to record levels.

The Greenwich, Connecticut-based company (NYSE: GXO) said Tuesday that organic revenue grew 6.4% during the quarter ended Sept. 30, its fastest pace in more than three years.

GXO also reported $375 million in new business wins, a 34% year-over-year increase and the second consecutive quarter in which new contract wins grew more than 30%.

The company’s sales pipeline reached a record $3.1 billion, up more than 30% from a year earlier, signaling continued demand for outsourced warehousing, distribution and supply chain services.

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