GXO Logistics: GXO Signs Industry-First Multi-Year Agreement with Agility Robotics (2024)

Robots-as-a-Service (RaaS) agreement integrates Agility's Humanoid robots with other cobots at SPANX facility

GREENWICH, Conn., June 27, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, and Agility Robotics, creator of the leading bipedal Mobile Manipulation Robot (MMR) Digit®, announced today that they have signed a multi-year agreement to begin deploying Digit in GXO's logistics operations. This agreement, which follows a proof-of-concept pilot in late 2023, is both the industry's first formal commercial deployment of humanoid robots and first Robots-as-a-Service (RaaS) deployment of humanoid robots.

"We're building on the success of last year's groundbreaking pilot with Agility by deploying fully operational Digit humanoids into a live warehouse environment," said Adrian Stoch, Chief Automation Officer, GXO. "Our R&D approach is to partner with developers all over the world to help them build and validate practical use cases that improve the working environment for our employees while optimizing operations for our customers. Agility shares this philosophy, and Digit is the perfect addition to work alongside our people in our fulfillment center. We're delighted to progress our partnership through this critical milestone."

As part of the RaaS agreement, GXO is deploying Digit robots and Agility Arc, Agility's cloud automation platform for deploying and managing Digit fleets. Digit is a multi-purpose, human-centric robot made for logistics work, and designed to work safely in human spaces and help with a variety of repetitive tasks. Agility Arc is designed to simplify the deployment lifecycle, from facility mapping and workflow definition to operational management and troubleshooting.

In the SPANX facility, Agility's solutions integrate with existing automation, including Autonomous Mobile Robots (AMRs). Expanding on last year's pilot, Digit robots are assisting with repetitive tasks such as moving totes from cobots and placing them onto conveyors, all orchestrated through Agility Arc. Under the RaaS agreement, the companies will continue to explore additional use cases and scale Digit usage to meet demand throughout the deployment. To see Digit in action at GXO, watch this video.

"There will be many firsts in the humanoid robot market in the years to come, but I'm extremely proud of the fact that Agility is the first with actual humanoid robots deployed at a customer site, generating revenue, and solving real-world business problems," said Peggy Johnson, CEO, Agility Robotics. "Agility has always been focused on the only metric that matters - delivering value to our customers by putting Digit to work - and this milestone deployment raises the bar for the entire industry."

Supply & Demand Chain Executive magazine (SDCE) recently recognized GXO as the overall winner of the 2024 Top Supply Chain Projects awards for its groundbreaking pilot with Digit.?

About GXO Logistics

GXO Logistics, Inc. (NYSE: GXO) is the world's largest pure-play contract logistics provider and is benefiting from the rapid growth of ecommerce, automation and outsourcing. GXO is committed to providing a diverse, world-class workplace for more than 130,000 team members across more than 970 facilities totaling approximately 200 million square feet. The company partners with the world's leading blue-chip companies to solve complex logistics challenges with technologically advanced supply chain and ecommerce solutions, at scale and with speed. GXO corporate headquarters is in Greenwich, Connecticut, USA. Visit? GXO.com ?for more information and connect with GXO on ?LinkedIn,?X,?Facebook,?Instagram ?and? YouTube.

About Agility Robotics
Headquartered in Corvallis, Oregon, with offices in Pittsburgh, Pennsylvania and Palo Alto, California, Agility Robotics' mission is to build robot partners that augment the human workforce, ultimately enabling humans to be more human. Agility's groundbreaking bipedal Mobile Manipulation Robot (MMR) Digit is the first multi-purpose, human-centric robot that is made for work.

Forward-Looking Statements
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements, including statements regarding the future performance of its customer solutions. These forward-looking statements are qualified by cautionary statements regarding unknown risks, uncertainties, and assumptions as can be found in GXO's filings with the U.S. Securities and Exchange Commission and accessed through the company's website http://www.gxo.com.

Media contacts
Matthew Schmidt
+1 203-307-2809
matt.schmidt@gxo.com

Tim Smith
Element Public Relations, for Agility Robotics
415-350-3019

media@agilityrobotics.com

GXO Logistics: GXO Signs Industry-First Multi-Year Agreement with Agility Robotics (1)GXO Logistics: GXO Signs Industry-First Multi-Year Agreement with Agility Robotics (2)

GXO Logistics: GXO Signs Industry-First Multi-Year Agreement with Agility Robotics (2024)

FAQs

Is XPO now called GXO? ›

In March 2021, XPO announced the new name of the firm as GXO Logistics Inc.

Is GXO a real company? ›

GXO is a world leader in providing cutting-edge logistics solutions for multinational companies and blue-chip market leaders.

What companies use GXO Logistics? ›

GXO's global blue-chip customers include Apple, Nike, Nestlé and Whirlpool, along with high-growth companies in e-commerce and other key sectors, including apparel, technology, food and beverage and consumer electronics.

What does the company GXO stand for? ›

The new company is called GXO — three letters that stand for the game-changing opportunities we're bringing to the table for customers, employees and shareholders, with a nod to our XPO heritage.

Who bought out XPO? ›

STG Logistics has acquired XPO Logistics' intermodal division for $710 million, the companies announced Friday, advancing XPO's spin-off plans revealed earlier this month. Approximately 700 employees and 48 locations have been transferred to STG in the transaction, according to an XPO news release.

What is the old name for XPO? ›

The company was initially called Express-1 Expedited Solutions and listed on American Stock Exchange under the ticker symbol XPO. It was acquired by Brad Jacobs and renamed to XPO Logistics in September 2011. In June 2012, XPO listed its shares on the New York Stock Exchange.

Is GXO laying off employees? ›

Contract logistics provider GXO is closing up shop at a distribution center in Memphis, Tenn., with the company laying off 211 employees starting March 6, according to a Worker Adjustment and Retraining Notification (WARN) notice shared by the Tennessee Department of Labor and Workforce Development.

Is GXO a good company to work for? ›

Ratings distribution

GXO Logistics has an employee rating of 3.4 out of 5 stars, based on 1,242 company reviews on Glassdoor which indicates that most employees have a good working experience there.

Is GXO a Fortune 500 company? ›

GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, announced today that it has been added to the Fortune 500 list, which is assembled annually by Fortune magazine and includes the largest U.S. companies by revenue.

Why did XPO change the name to GXO? ›

“The new company's brand identity captures the qualities that make us an industry leader — our ability to deliver faster, leaner, smarter logistics for customers at lower cost, using advanced automation and data science,” said Malcolm Wilson, XPO's chief executive officer – Europe, who has been named to become CEO of ...

Who is the CEO of GXO Logistics? ›

How many warehouses does GXO have? ›

Although we have 869 warehouse locations in 27 countries and about 94,000 team members, we hold only a 5% share of the fast-growing $430 billion potential addressable logistics market in Europe and North America.

Is GXO profitable? ›

GXO Logistics gross profit for the twelve months ending March 31, 2024 was $1.726B, a 5.76% increase year-over-year. GXO Logistics annual gross profit for 2023 was $1.743B, a 12.45% increase from 2022. GXO Logistics annual gross profit for 2022 was $1.55B, a 18.96% increase from 2021.

Why did XPO and GXO split? ›

Jacobs has long argued that XPO has been undervalued by the market due to a "conglomerate discount," trading at a lower valuation than its peers. The GXO spin-off helped simplify the company, as does the intermodal sale, but truck brokerage and LTL aren't necessarily complementary businesses.

Is GXO stock a buy? ›

GXO Logistics stock has received a consensus rating of buy.

What is the new name for XPO? ›

Brad Jacobs, chairman and chief executive officer of XPO Logistics, said, “Our spin-off now has a name — RXO — bringing it one step closer to becoming a standalone industry leader.

Who did GXO take over from? ›

GXO Logistics, Inc. (NYSE: GXO), the world's largest pure-play contract logistics provider, announced that, effective today, it has completed its acquisition of Wincanton plc. All conditions of the acquisition have been met and GXO is now the sole shareholder of Wincanton.

Who is XPO Freight? ›

(NYSE: XPO) is a leader in asset-based less-than-truckload (LTL) freight transportation in North America. The company's customer-focused organization efficiently moves 18 billion pounds of freight per year, enabled by its proprietary technology.

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