GXO at Jefferies Global Industrials Conference 2026: growth push

Logistics groups reported profit growth despite weak freight demand. DSV said Q2 revenue rose to DKK 76.7bn and EBIT before special items to DKK 6.26bn on Schenker integration. Kuehne+Nagel lifted Q2 net turnover to CHF 6.6bn and raised its 2026 operating EBIT forecast. DHL revenue rose to €22.4bn with EBIT up 30% to €1.9bn. GXO and C.H. Robinson also posted higher earnings.

GXO Logistics shares fell as much as 12.8% after its Q2 earnings report. The company expects margin expansion in 2H 2026 into 2027, but investors focused on maintained guidance for 4%-5% organic revenue growth and a narrowed full-year EPS outlook to $2.95-$3.15. The article also cites concerns about Amazon’s supply chain entry.

GXO Logistics reported Q2 results and said it secured over $1 billion in expected incremental new-business revenue for 2026 and about $353 million for 2027. Management cited a $2.7 billion sales pipeline after quarter end. Operating cash flow was $76 million, free cash flow positive $12 million, cash $769 million, and net leverage 2.6x. GXO plans to target EBIT margins above 6% and deploy AI across ~50 sites in 2026.

DP World said it agreed with GXO Logistics to transfer six contract logistics sites in the UK, totaling over 2 million sq ft and about 2,000 employees, serving Asda, Sainsbury’s and the Co-op. The transfer is a CMA regulatory condition for GXO’s Wincanton acquisition and is approved. Sites move to DP World in September.

GXO, a contract logistics provider, said it plans to shift from retail and e-commerce toward higher-margin B2B markets such as aerospace and defense, life sciences, and data centers, emphasizing organic growth. After its Q2 results, it reported adjusted EPS of $0.59, adjusted EBITDA of $219 million, and organic growth of 3.4%. Revenue was $3.4 billion, with about $410 million in new business. A new White House trade policy could restrict U.S. purchases of some foreign-made robotics.

DP World agreed with GXO Logistics to transfer six UK contract logistics sites serving grocery customers, adding over 2 million sq ft of warehouse capacity and about 2,000 employees. The CMA approved GXO’s Wincanton acquisition after GXO met a regulatory condition. Sites serve Asda, Sainsbury’s and the Co-op, transferring in September.