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GXO Logistics Inc

39.91

-0.3700-0.92%

Pre-market: 39.71-0.2000-0.50%04:17 EDT

Volume:1.10M

Turnover:43.90M

Market Cap:4.77B

PE:35.63

High:40.74

Open:40.29

Low:39.66

Close:40.28

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Overview Company News Filings

Brad Jacobs’ QXO has first building products acquisition, as Beacon OKs sale

3 Industrials Stocks in Hot Water

GXO Logistics Initiated at Hold by Truist Securities

GXO Logistics: Positioned for Growth Amidst Challenges with Strong Future Prospects

GXO Optimizes Automated Inventory Management with AI-powered Robotics

Italy seizes $49 million from DHL unit in labour supply probe

GXO Poland Named to 2025 Forbes Diamonds List

Q4 Earnings Roundup: GXO Logistics (NYSE:GXO) And The Rest Of The Air Freight and Logistics Segment

GXO Logistics Shares Decline After UK Regulator Raises Concerns Over Wincanton Acquisition

MT Newswires Live

BRIEF-GXO Logistics Inc - Disagrees With CMA's Provisional View On Competition Issues

BRIEF-UK's CMA Says GXO-Wincanton Deal Could Reduce Competition

GXO Logistics Faces CMA Scrutiny Over Wincanton Deal

GXO-Wincanton deal would raise costs for supermarkets, says CMA

GXO Logistics Inc - Disagrees With Cma's Provisional View on Competition Issues

THOMSON REUTERS

GXO Logistics Inc - to Engage With Cma for Full Clearance by End of April

THOMSON REUTERS

GXO Logistics' Wincanton Deal Likely Reduces Competition, U.K. Antitrust Regulator Says -- Update

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The total value of the deal is about $11 billion.When QXO first publicly announced its desire to acquire Beacon on Jan. 15, the price offered was $124.25 per share, just 10 cents less than the final acquisition. The formal tender offer launched Jan. 27.Beacon’s stock price closed Wednesday at $121.53. Just before QXO announced its desire to acquire Beacon, the stock price of the building products supplier was trading near $102.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/brad-jacobs-qxo-first-building-143116689.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"merge","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4104","BECN","RXO","XPO","LU1169589451.USD","LU1169590202.USD","QXO","BK4232","BK4097","GXO","BK4022","LU1878469433.USD","BK4131"],"gpt_icon":0},{"id":"2520463458","title":"3 Industrials Stocks in Hot Water","url":"https://stock-news.laohu8.com/highlight/detail?id=2520463458","media":"StockStory","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2520463458?lang=en_us&edition=fundamental","pubTime":"2025-03-20 21:01","pubTimestamp":1742475666,"startTime":"0","endTime":"0","summary":"Industrials businesses quietly power the physical things we depend on, from cars and homes to e-commerce infrastructure. But they are at the whim of volatile macroeconomic factors that influence capital spending , and the market seems convinced that demand will slow. Due to this bearish outlook, the industry has tumbled by 6.6% over the past six months. This performance was disheartening since the S&P 500 held steady.Some companies can grow regardless of the economic backdrop, but the odds aren’t great for the ones we’re analyzing today. With that said, here are three industrials stocks we’re swiping left on.Headquartered in Irving, TX, Builders FirstSource  is a construction materials manufacturer that offers a variety of lumber and lumber-related building products.Products and services are facing significant end-market challenges during this cycle as sales have declined by 15.1% annually over the last two years. Falling earnings per share over the last two years has some investors wo","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/3-industrials-stocks-hot-water-130106605.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["KAI","BK4086","BK4131","LU0868494617.USD","BK4585","GXO","LU0757428866.USD","BK4161","BLDR","IE00B64QTZ34.USD","BK4588","IE00BLDYK493.USD","LU1814569148.SGD","LU1815336091.USD"],"gpt_icon":0},{"id":"2519896988","title":"GXO Logistics Initiated at Hold by Truist Securities","url":"https://stock-news.laohu8.com/highlight/detail?id=2519896988","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2519896988?lang=en_us&edition=fundamental","pubTime":"2025-03-13 18:04","pubTimestamp":1741860240,"startTime":"0","endTime":"0","summary":"Ratings actions from Benzinga: https://www.benzinga.com/quote/GXO/analyst-ratings \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 13, 2025 06:04 ET (10:04 GMT)","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["NEX.SI","BK6520","GXO","BK4131","BK6039"],"gpt_icon":0},{"id":"2519079460","title":"GXO Logistics: Positioned for Growth Amidst Challenges with Strong Future Prospects","url":"https://stock-news.laohu8.com/highlight/detail?id=2519079460","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2519079460?lang=en_us&edition=fundamental","pubTime":"2025-03-13 12:15","pubTimestamp":1741839321,"startTime":"0","endTime":"0","summary":"Jason Seidl, an analyst from TD Cowen, reiterated the Buy rating on GXO Logistics (GXO – Research Report). The associated price target remains the ...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/ratings/gxo-logistics-positioned-for-growth-amidst-challenges-with-strong-future-prospects?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/ratings/gxo-logistics-positioned-for-growth-amidst-challenges-with-strong-future-prospects?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4131","GXO"],"gpt_icon":0},{"id":"2516528634","title":"GXO Optimizes Automated Inventory Management with AI-powered Robotics","url":"https://stock-news.laohu8.com/highlight/detail?id=2516528634","media":"GlobeNewswire","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2516528634?lang=en_us&edition=fundamental","pubTime":"2025-03-03 22:30","pubTimestamp":1741012200,"startTime":"0","endTime":"0","summary":"The collaborative pilot enhanced narrow aisle capabilities to optimize warehouse inventory management  EINDHOVEN, The Netherlands, March  03, 2025  (GLOBE NEWSWIRE) -- GXO Logistics, Inc.(NYSE: GXO), ","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.globenewswire.com/news-release/2025/03/03/3035748/0/en/GXO-Optimizes-Automated-Inventory-Management-with-AI-powered-Robotics.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4131","GXO"],"gpt_icon":0},{"id":"2514834525","title":"Italy seizes $49 million from DHL unit in labour supply probe","url":"https://stock-news.laohu8.com/highlight/detail?id=2514834525","media":"Reuters","labels":["policyRegulatory"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514834525?lang=en_us&edition=fundamental","pubTime":"2025-02-26 20:34","pubTimestamp":1740573259,"startTime":"0","endTime":"0","summary":"Italy seizes $49 million from DHL unit in labour supply probeDHL Express Italy accused of tax fraud via false invoicesAuthorities seized over 46 million euros from DHL unitSimilar probes target major ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250226:nL5N3PH175:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"policyRegulatory","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0417517546.SGD","BK4532","LU1035775433.USD","BK4533","LU2065170008.USD","LU1720051108.HKD","LU1066051811.HKD","LU2108987350.USD","LU0158827781.USD","SG9999014906.USD","IE0034235303.USD","LU2250418816.HKD","LU2271345857.HKD","LU1066051225.USD","USAW.SI","IE00B3S45H60.SGD","LU0689472784.USD","LU1201861249.SGD","LU0323591593.USD","FDX","LU0719512351.SGD","LU0029864427.USD","IE0004091025.USD","LU0889565833.HKD","LU2065171402.SGD","LU2452424414.USD","LU1316542783.SGD","LU2463028550.USD","LU0265550359.USD","SG9999002232.USD","LU1267930227.SGD","GXO","LU1551013425.SGD","LU2275660780.HKD","LU1791710582.SGD","IE00B1BXHZ80.USD","LU1429558221.USD","LU0708994859.HKD","LU0466842654.USD","BK4503","SG9999002224.SGD","LU0011850046.USD","LU1880398471.USD","LU1823568750.SGD","IE00B3SWFQ91.USD","LU0203202063.USD","LU2065169927.USD","BK4543","LU0211328371.USD"],"gpt_icon":1},{"id":"2514773405","title":"GXO Poland Named to 2025 Forbes Diamonds List","url":"https://stock-news.laohu8.com/highlight/detail?id=2514773405","media":"GlobeNewswire","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514773405?lang=en_us&edition=fundamental","pubTime":"2025-02-24 23:45","pubTimestamp":1740411900,"startTime":"0","endTime":"0","summary":"Forbes Diamonds is an annual ranking of Poland's most dynamically growing companies  WARSAW, Poland, Feb.  24, 2025  (GLOBE NEWSWIRE) -- GXO Logistics, Inc.(NYSE: GXO), the world’s largest pure-play c","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.globenewswire.com/news-release/2025/02/24/3031295/0/en/GXO-Poland-Named-to-2025-Forbes-Diamonds-List.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4131","GXO"],"gpt_icon":0},{"id":"2513663732","title":"Q4 Earnings Roundup: GXO Logistics (NYSE:GXO) And The Rest Of The Air Freight and Logistics Segment","url":"https://stock-news.laohu8.com/highlight/detail?id=2513663732","media":"StockStory","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2513663732?lang=en_us&edition=fundamental","pubTime":"2025-02-21 17:01","pubTimestamp":1740128506,"startTime":"0","endTime":"0","summary":"Wrapping up Q4 earnings, we look at the numbers and key takeaways for the air freight and logistics stocks, including GXO Logistics  and its peers.The growth of e-commerce and global trade continues to drive demand for expedited shipping services, presenting opportunities for air freight companies. The industry continues to invest in advanced technologies such as automated sorting systems and real-time tracking solutions to enhance operational efficiency. Despite the advantages of speed and global reach, air freight and logistics companies are still at the whim of economic cycles. Consumer spending, for example, can greatly impact the demand for these companies’ offerings while fuel costs can influence profit margins.The 6 air freight and logistics stocks we track reported a mixed Q4. As a group, revenues missed analysts’ consensus estimates by 0.7%.While some air freight and logistics stocks have fared somewhat better than others, they have collectively declined. On average, share pri","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/q4-earnings-roundup-gxo-logistics-090146607.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["GXO","AIRI","CHRW","FDX","NYSE","HUBG"],"gpt_icon":0},{"id":"2512489292","title":"GXO Logistics Shares Decline After UK Regulator Raises Concerns Over Wincanton Acquisition","url":"https://stock-news.laohu8.com/highlight/detail?id=2512489292","media":"MT Newswires Live","labels":["policyRegulatory","merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512489292?lang=en_us&edition=fundamental","pubTime":"2025-02-19 23:42","pubTimestamp":1739979753,"startTime":"0","endTime":"0","summary":"GXO Logistics  shares were down more than 1% in recent trading on Wednesday after an interim report by the UK Competition and Markets Authority found that the acquisition of Wincanton can potentially lessen competition in the country.The impacted customers represent less than 10% of Wincanton revenue, GXO said in a filing.The company said it will collaborate with the regulator and expects full clearance of the transaction by the end of April.Price: 40.45, Change: -0.73, Percent Change: -1.76","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"policyRegulatory,merge","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK6520","BK4131","BK6039","GXO","NEX.SI"],"gpt_icon":0},{"id":"2512486677","title":"BRIEF-GXO Logistics Inc - Disagrees With CMA's Provisional View On Competition Issues","url":"https://stock-news.laohu8.com/highlight/detail?id=2512486677","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512486677?lang=en_us&edition=fundamental","pubTime":"2025-02-19 23:26","pubTimestamp":1739978762,"startTime":"0","endTime":"0","summary":"BRIEF-GXO Logistics Inc - Disagrees With CMA's Provisional View On Competition IssuesFeb 19  - GXO Logistics Inc GXO.N:GXO LOGISTICS INC - DISAGREES WITH CMA'S PROVISIONAL VIEW ON COMPETITION ISSUESGXO LOGISTICS INC - TO ENGAGE WITH CMA FOR FULL CLEARANCE BY END OF APRILSource text: [ID:n0001104659-25-015008]Further company coverage: GXO.N ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250219:nFWN3PA18T:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["GXO","BK4131"],"gpt_icon":0},{"id":"2512249485","title":"BRIEF-UK's CMA Says GXO-Wincanton Deal Could Reduce Competition","url":"https://stock-news.laohu8.com/highlight/detail?id=2512249485","media":"Reuters","labels":["policyRegulatory"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512249485?lang=en_us&edition=fundamental","pubTime":"2025-02-19 23:11","pubTimestamp":1739977867,"startTime":"0","endTime":"0","summary":"BRIEF-UK's CMA Says GXO-Wincanton Deal Could Reduce CompetitionFeb 19 (Reuters) - UK's CMA:MERGER UPDATE: GXO / WINCANTONGXO'S PURCHASE OF WINCANTON LIKELY TO REDUCE COMPETITION IN SUPPLY OF DEDICATED","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250219:nFWN3PA0LD:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"policyRegulatory","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["GXO","BK4131"],"gpt_icon":0},{"id":"2512488457","title":"GXO Logistics Faces CMA Scrutiny Over Wincanton Deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2512488457","media":"TIPRANKS","labels":["policyRegulatory"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512488457?lang=en_us&edition=fundamental","pubTime":"2025-02-19 22:28","pubTimestamp":1739975333,"startTime":"0","endTime":"0","summary":"GXO Logistics ( ($GXO) ) has shared an announcement. On February 19, 2025, the United Kingdom Competition and Markets Authority released an Interim...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/company-announcements/gxo-logistics-faces-cma-scrutiny-over-wincanton-deal?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/company-announcements/gxo-logistics-faces-cma-scrutiny-over-wincanton-deal?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"policyRegulatory","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4585","BK4207","BK4589","BK4211","BK4588","CMA","GXO","BK4131"],"gpt_icon":0},{"id":"2512835489","title":"GXO-Wincanton deal would raise costs for supermarkets, says CMA","url":"https://stock-news.laohu8.com/highlight/detail?id=2512835489","media":"cityam","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512835489?lang=en_us&edition=fundamental","pubTime":"2025-02-19 22:17","pubTimestamp":1739974665,"startTime":"0","endTime":"0","summary":"Wincanton made a pre-tax loss in the year before it was acquired. Logistics firm GXO’s takeover of Wincanton is likely to reduce competition and bump up costs for supermarkets stocking up shelves, according to the UK’s competition watchdog.The Competition and Markets Authority  on Wednesday published its initial assessment into the 762m deal following a year-long investigation.The regulator noted GXO and Wincanton are currently two of the three suppliers of dedicated warehousing services used by grocers in the UK. While supermarket customers could switch to DHL, the third supplier, its initial assessment is that the “remaining alternatives would not be sufficient to prevent fees rising and that the deal could raise costs for grocers.”","market":"us","thumbnail":"https://www.cityam.com/wp-content/uploads/2024/07/397-02-Michelin-Wincanton-1200x800-1-1.jpg?w=824&h=463&crop=1","type":0,"news_type":0,"thumbnails":["https://www.cityam.com/wp-content/uploads/2024/07/397-02-Michelin-Wincanton-1200x800-1-1.jpg?w=824&h=463&crop=1"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.cityam.com/gxo-wincanton-deal-would-raise-costs-for-supermarkets-says-cma/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"cityam_highlight","symbols":["BK4588","BK4207","BK4589","BK4131","CMA","BK4211","GXO","BK4585"],"gpt_icon":0},{"id":"2512003671","title":"GXO Logistics Inc - Disagrees With Cma's Provisional View on Competition Issues","url":"https://stock-news.laohu8.com/highlight/detail?id=2512003671","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512003671?lang=en_us&edition=fundamental","pubTime":"2025-02-19 22:09","pubTimestamp":1739974145,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250219:nFWN3PA18T:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4131","GXO"],"gpt_icon":0},{"id":"2512003651","title":"GXO Logistics Inc - to Engage With Cma for Full Clearance by End of April","url":"https://stock-news.laohu8.com/highlight/detail?id=2512003651","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512003651?lang=en_us&edition=fundamental","pubTime":"2025-02-19 22:09","pubTimestamp":1739974145,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250219:nFWN3PA18T:2","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["GXO","BK4131"],"gpt_icon":0},{"id":"2512110424","title":"GXO Logistics' Wincanton Deal Likely Reduces Competition, U.K. Antitrust Regulator Says -- Update","url":"https://stock-news.laohu8.com/highlight/detail?id=2512110424","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512110424?lang=en_us&edition=fundamental","pubTime":"2025-02-19 21:13","pubTimestamp":1739970780,"startTime":"0","endTime":"0","summary":"Warehouse supplier GXO Logistics' purchase of rival Wincanton would likely reduce competition and raise costs for U.K. grocers, the U.K.'s antitrust regulator said.The Competition and Markets Authority's initial assessment found that alternatives for U.K. supermarkets--either to switch to a third warehouse supplier, DHL, or to own in-house warehouses-- wouldn't be sufficient to prevent supply cuts and rising logistics fees, it said Wednesday.The CMA said it has ordered to pause the merger while it conducts its review. Any interesting parties can respond to the provisional findings by March 12, it said.\"We want to ensure competition in this market is working as well as it can to manage costs for supermarkets and grocers, and ensure products continue to reach supermarket shelves efficiently,\" Richard Feasey, chair of the independent inquiry group said.\"GXO and Wincanton are a pro-growth combination that will deliver efficiencies for U.K. businesses, reduce the overall cost to serve U.K. 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