Chief Revenue Officer, President of UK&I and Europe, Gxo Logistic
Search every verified Richard Cawston interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Malcolm Wilson, CEO of GXO Logistics, discussed the company's performance and strategy in two CNBC "Mad Money" appearances. In September 2021, ahead of the spin-off from XPO Logistics, Wilson stated that the separation would allow GXO's management to be "laser focused on the customers" and make decisions tailored to the logistics sector. He described GXO as set to become "the second largest logistics company in the world." In a September 2022 appearance, Wilson reported strong first-quarter results as an independent company, citing 25% top-line growth and 100% earnings per share growth. He said the company had signed over a billion dollars of new business on top of existing new business, setting it up for a "great 2022." Wilson noted that the average contract term is around five years, providing visibility for future business. Regarding the holiday season, he stated that GXO had been planning with customers for months, deploying more automation across North American warehouses, and recruiting 10,000 new employees, many of whom were expected to stay into 2022. He described cargo flowing into warehouses as "right in our wheelhouse."
“We've signed over a billion dollars of new business, that's coming on top of existing new business 4 billion year today, that's setting us up for a great 2022.”
“The average term of our contract is around five years, that gives us great runway of visibility for our future business and that's why we can look forward into 2022 so positively.”
“We've been working so closely with all of our customers, planning with them for months and months, deploying more and more automation across our warehouses in North America.”
“We've been recruiting 10,000 new GXO employees and the great thing is a lot of those employees are going to stay with us through into 2022, helping us establish all the implementations for those new businesses.”
“A lot of disruption, a lot of cargo now flowing into the warehouses, and that's right in our wheelhouse; we're going to turn that cargo, those products around quickly, get them to the consumer.”
“XPO is going to spin off its logistics business as GXO and create two world class powerhouse companies. Transportation and XPO, LTL and logistics. That's the warehousing that will become GXO.”
“It's going to allow the management of the logistics portion of the company, GXO, to be really laser focused on the customers. It’s going to allow them to make decisions in terms of capital application, acquisition, everything will be tailored towards the logistics sector of the business.”
“GXO is going to be the second largest logistics company in the world. The reality is the reason it’s a strong direct competitor that competes across all of the different markets that GXO is working in.”
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