GXO Logistics Reports 19% Revenue Surge in Q2 2024

GXO Logistics saw a 19% revenue boost in the second quarter of 2024, reaching $2.85 billion. However, the Greenwich, Conn.-based contract logistics firm reported a drop in net income to $39 million, down from $66 million in the same period last year. Earnings per diluted share fell to 32 cents from 55 cents.