Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTNoi MahoneyWed, August 5, 2026 at 5:32 PM GMT+2 4 min readExecutives at GXO Logistics said its transformation strategy is beginning to pay off as the company reported its strongest commercial quarter in three years and expressed confidence that growth will accelerate into 2027.During the second-quarter earnings call on Wednesday before the market opened, CEO Patrick Kelleher said the company has moved beyond leadership changes and strategic planning into execution, with commercial momentum, artificial intelligence deployments and operational improvements beginning to translate into financial results."This quarter marks five years since GXO became an independent public company," Kelleher said. "The foundation established over the past five years combined with new leadership and a new strategic agenda are now translating into results. We're seeing real momentum build behind our strategy and we're still in the early innings."Greenwich, Connecticut-based GXO Logistics (NYSE: GXO) is one of the largest pure-play contract logistics providers in the world. It has more than 970 facilities totaling approximately 200 million square feet, with a global workforce of more than 130,000 people. The company released its second quarter earnings after the market closed on Tuesday.GXO reported revenue of $3.4 billion in the second-quarter, up 4.3% year over year, but missing Wall Street forecasts of $3.45 billion.Adjusted EBITDA rose to $219 million, and adjusted diluted earnings per share increased to 59 cents. The adjusted EPS results topped Wall Street expectations of 58 cents per share.The company generated $76 million in operating cash flow and $12 million in free cash flow during the quarter.Kelleher said approximately 40% of new business wins came from four strategic verticals the company has prioritized: aerospace and defense, technology and data centers, industrials and life sciences. "We're winning more and we're winning better," Kelleher said, highlighting expanded relationships with customers including Nike, PepsiCo, Marks & Spencer, Boeing and Raytheon, along with a major new hyperscaler data center customer.Executives said they see North America as GXO's largest long-term growth opportunity.Kelleher said commercial changes implemented over the past year have significantly improved the company's performance in the region, with first-half North American wins increasing 85% from the same period a year ago.Chief Strategy Officer Kristine Kubacki added that North America's sales pipeline expanded 34% year over year, helping push GXO's overall commercial pipeline back to $2.7 billion only weeks after the quarter ended.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info