GXO Logistics Partners with The Perfume Shop For Sustainable Deliveries Across 200 UK Stores: Details

Comments
Loading...
Zinger Key Points

GXO Logistics, Inc. GXO teamed up with The Perfume Shop, one of the largest fragrance retailers in the U.K.

The deal entails GXO providing weekly deliveries to over 200 stores via its shared transport network.

Notably, GXO’s shared transport network consolidates deliveries for multiple retailers, significantly reducing vehicle trips to crowded city centers.

Each vehicle typically carries goods from five different customers and stops at 8 to 10 locations, improving efficiency compared to dedicated delivery services.

Shared transport can cut CO2 emissions by up to 5kg per litre when compared to underutilized dedicated vehicles.

Additionally, this model helps reduce urban congestion, aligning with city policies aimed at lowering emissions and promoting sustainable transportation.

Last week, the company inked a long-term partnership with Calliope in Italy.

The contract comprises providing warehouse management, e-fulfillment, returns handling, and value-added services like labeling and quality control.

Investors can gain exposure to the stock via Tidal ETF Trust Aztlan North America Nearshoring Stock Selection ETF NRSH and Invesco S&P Spin-Off ETF CSD.

Price Action: GXO shares closed higher by 1.59% at $43.55 on Tuesday.

Read Next:

Image via Shutterstock.

GXO Logo
GXOGXO Logistics Inc
$40.73-1.16%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum22.73
Growth77.11
Quality-
Value26.17
Price Trend
Short
Medium
Long

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Market News and Data brought to you by Benzinga APIs

Posted In: