The 7investing Podcast The Biggest Logistics Company You’ve Never Heard Of
Logistics may be one of the most important things you rarely think about. When you get two day, one day, or even same-day delivery, an awful lot of moving parts have to come together to make that happen.
GXO Logistics (NYSE: GXO) will be one of the companies working behind the scenes to make the magic happen. Spun-off earlier this month from XPO Logistics (NYSE: XPO), a top ten global logistics provider of supply chain solutions to some of the most successful companies in the world, GXO will be its own standalone company with no ties to its former parent.
The new company “is now the largest pure-play contract logistics provider in the world,” while XPO will remain “a leading provider of transportation services, primarily less-than-truckload transportation, and truck brokerage,” according to the spin-off press release.
Mark Manduca serves as Chief Investment Officer for GXO responsible for analysis of the company’s growth opportunities, optimization of its asset portfolio and oversight of its U.K. pension investments. He will also play a key role in ensuring that GXO’s investment case reaches a global audience.
With his company less than two weeks old, Manduca sat down the Dan Kline to discuss its origin story, what it hopes to accomplish, and the logistics market in a broad sense. He also talks about the role of automation and which companies he sees as major players in the logistics space.
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