After years of investment in technology, GXO will cater to the growing e-commerce and omni-channel retail markets, growing consumer demand for automation, and digital capabilities, as well as a shift to outsourcing supply chain services.

Brad Jacobs, Chairman and Chief Executive Officer of XPO Logistics, said: “Today, we took an exciting step forward on our path to spinning off our logistics segment.

“GXO will take this legacy into the future as an independent public company, with countless ways to deliver logistics at full potential.”