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GXO Reports Swinging From Loss to Profit in Q1
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Business Technology Logistics Autonomous Top 100
NMFTA LTL Freight Code Update Spurs C.H. Robinson AI Tool Rivian Unveils AI Chip for Automated Driving, Ditches Nvidia Analyst Says Machinery Maker Caterpillar Isn’t AI Darling
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Analyst Says Machinery Maker Caterpillar Isn’t AI Darling
GXO reported first-quarter net income of $5 million, compared with a $95 million loss a year earlier.Revenue rose 10.8% to $3.3 billion, with growth across all reported industry verticals.The company said its sales pipeline reached a record $2.7 billion, supporting expectations for future growth.
NMFTA LTL Freight Code Update Spurs C.H. Robinson AI Tool Rivian Unveils AI Chip for Automated Driving, Ditches Nvidia Analyst Says Machinery Maker Caterpillar Isn’t AI Darling
NMFTA LTL Freight Code Update Spurs C.H. Robinson AI Tool Rivian Unveils AI Chip for Automated Driving, Ditches Nvidia Analyst Says Machinery Maker Caterpillar Isn’t AI Darling
Iran Q1 2026 earnings Strait of Hormuz crude oil oil prices 2026 Act Expo
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NMFTA LTL Freight Code Update Spurs C.H. Robinson AI Tool
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CEO Patrick Kelleher noted GXO added $227 million in new business in the first quarter. (GXO Logistics Inc.)
Key Takeaways: GXO reported first-quarter net income of $5 million, compared with a $95 million loss a year earlier.Revenue rose 10.8% to $3.3 billion, with growth across all reported industry verticals.The company said its sales pipeline reached a record $2.7 billion, supporting expectations for future growth.
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GXO Logistics Inc. on May 5 reported first-quarter revenue and earnings growth, supported by a swing from a loss to a profit year over year.
The Greenwich, Conn.-based contract logistics firm posted net income of $5 million, or 3 cents a diluted share, for the three months ending March 31. That compared with a net loss of $95 million, or a loss of 80 cents, a year earlier.
Total revenue increased by 10.8% to $3.3 billion from $3 billion. The company said that the growth in higher-margin verticals included aerospace and defense, technology, industrial and life sciences. GXO also saw demand accelerate, with its sales pipeline growing to an all-time high of $2.7 billion.
“Organic revenue growth was 4% in the quarter, with every region contributing, demonstrating the resilience and global strength of our business model,” CEO Patrick Kelleher said during a call with investors. “We have continued to build on that momentum.”
Kelleher noted the company added $227 million in new business. Technology, including artificial intelligence cloud infrastructure, contributed substantially to that amount.
“These wins demonstrate strong commercial momentum and give us confidence in our ability to accelerate organic growth in 2026,” Kelleher said. “We now have $870 million of expected incremental new business revenue already secured for 2026, up 19% compared to this time last year, giving a strong line of sight into the balance of the year.”
GXO focuses on three priorities to accelerate growth and expand margins: sharpening commercial execution, strengthening operational discipline and being a leader in AI and automation. The company brought in new leadership across commercial operations to execute those strategies.
“We have seen the momentum building, specifically in North America,” Kelleher said. “In the region, we continue to benefit from our leadership position in B2B vertical [markets], particularly aerospace and defense, and data centers.”
GXO Way, a new framework that aims to standardize global operations, was implemented in the quarter, and GXO IQ, an AI-based logistics platform, was scaled up. The deployment of automated solutions also progressed, including the launch of a fleet of robots in the Netherlands, and an autoload solution in Poland.
“It creates ongoing value and strengthens the durability of our partnerships,” Kelleher said. “On humanoids, we will launch more pilots across the U.S. and Europe later this year. Our first-mover advantage is real, and we are building on it.”
GXO ranks No. 3 on the Transport Topics Top 100 list of the largest logistics companies in North America.
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Business Technology Logistics Autonomous Top 100
Performance that exceeded expectations, thanks to strong collaborative partnerships: GXO’s Q1 2026 financial results are out! https://t.co/uhGf4Txb0Q pic.twitter.com/OHkZyiqkab — GXO (@GXOLogistics) May 5, 2026
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Iran Q1 2026 earnings Strait of Hormuz crude oil oil prices 2026 Act Expo
Iran Q1 2026 earnings Strait of Hormuz crude oil oil prices 2026 Act Expo
Iran Q1 2026 earnings Strait of Hormuz crude oil oil prices 2026 Act Expo
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Brent Spence Bridge Project Breaks Ground: Relief for Truckers by 2031
“Today, after decades of planning and preparation, we are finally breaking ground on a solution to the traffic headaches and interstate commerce delays caused by the overcrowded Brent Spence Bridge.” — Ohio Gov. Mike DeWine
Ohio and Kentucky have officially started the Brent Spence Bridge Corridor Project, a significant infrastructure undertaking in the U.S. The project involves constructing a new cable-stayed companion bridge and improving the existing Brent Spence Bridge. The total cost of this phase is $4.05 billion, with federal grants covering part of the expenses.
What This Means for Your Wallet and Your Miles
The Brent Spence Bridge is a known bottleneck, and once the project is completed in 2031, you should expect fewer delays and smoother transit through the Interstate-71/Interstate-75 corridor. This means less downtime and potentially more miles for you.
With $1 billion in freight passing daily, efficient bridge operations are crucial for maintaining your schedule and maximizing earnings. This project aims to ensure consistent flow, which can translate to steadier income for you.
Though this project’s completion is years away, it reflects a commitment to improving infrastructure that supports the trucking industry. It could lead to more job opportunities in construction and increased demand for freight services.
The bridge’s improved safety and reliability should reduce the risk of closures due to structural issues, keeping your routes predictable and reliable.
How will this project affect my daily routes?
While construction is underway, there could be temporary changes or disruptions. However, once completed, the project promises a significant reduction in congestion on key routes.
Is there any immediate benefit for my operations?
Immediate benefits might be limited during the construction phase, but the long-term goal is a smoother, more efficient corridor, which should benefit you in the future.
What are the funding sources for this project?
The project is funded through federal grants totaling $1.63 billion and contributions from both Ohio and Kentucky.
When can we expect the improvements to take effect?
The new companion bridge and related improvements are expected to be completed by 2031, providing long-term benefits thereafter.
Will this project create more trucking jobs?
The construction phase will create jobs, and improved infrastructure may increase demand for freight services, potentially boosting job opportunities in the trucking sector.
Brent Spence Bridge Project Breaks Ground: Relief for Truckers by 2031
“Today, after decades of planning and preparation, we are finally breaking ground on a solution to the traffic headaches and interstate commerce delays caused by the overcrowded Brent Spence Bridge.” — Ohio Gov. Mike DeWine
Ohio and Kentucky have officially started the Brent Spence Bridge Corridor Project, a significant infrastructure undertaking in the U.S. The project involves constructing a new cable-stayed companion bridge and improving the existing Brent Spence Bridge. The total cost of this phase is $4.05 billion, with federal grants covering part of the expenses.
What This Means for Your Wallet and Your Miles
The Brent Spence Bridge is a known bottleneck, and once the project is completed in 2031, you should expect fewer delays and smoother transit through the Interstate-71/Interstate-75 corridor. This means less downtime and potentially more miles for you.
With $1 billion in freight passing daily, efficient bridge operations are crucial for maintaining your schedule and maximizing earnings. This project aims to ensure consistent flow, which can translate to steadier income for you.
Though this project’s completion is years away, it reflects a commitment to improving infrastructure that supports the trucking industry. It could lead to more job opportunities in construction and increased demand for freight services.
The bridge’s improved safety and reliability should reduce the risk of closures due to structural issues, keeping your routes predictable and reliable.
How will this project affect my daily routes?
While construction is underway, there could be temporary changes or disruptions. However, once completed, the project promises a significant reduction in congestion on key routes.
Is there any immediate benefit for my operations?
Immediate benefits might be limited during the construction phase, but the long-term goal is a smoother, more efficient corridor, which should benefit you in the future.
What are the funding sources for this project?
The project is funded through federal grants totaling $1.63 billion and contributions from both Ohio and Kentucky.
When can we expect the improvements to take effect?
The new companion bridge and related improvements are expected to be completed by 2031, providing long-term benefits thereafter.
Will this project create more trucking jobs?
The construction phase will create jobs, and improved infrastructure may increase demand for freight services, potentially boosting job opportunities in the trucking sector.
Brent Spence Bridge Project Breaks Ground to Ease Major Trucking Bottleneck
“Today, after decades of planning and preparation, we are finally breaking ground on a solution to the traffic headaches and interstate commerce delays caused by the overcrowded Brent Spence Bridge.” — Ohio Gov. Mike DeWine
Ohio and Kentucky have commenced the Brent Spence Bridge Corridor Project, a major infrastructure initiative. This project involves constructing a new cable-stayed bridge alongside the existing Brent Spence Bridge, which spans the Ohio River between Cincinnati and Covington. The new bridge is slated to open in 2031, with project costs totaling $4.05 billion.
What This Means for Your Wallet and Your Miles
The Brent Spence Bridge is notorious for being one of the worst trucking bottlenecks in the U.S., so the new bridge should significantly reduce delays on your routes through the Interstate-71/Interstate-75 corridor.
This project promises to ease congestion, meaning less idling and time wasted in traffic, potentially boosting your fuel efficiency and cutting down on costs.
With federal grants covering part of the costs, and each state sharing expenses for the bridge, financial burdens won’t be directly transferred to you as a driver in the form of tolls or taxes, at least for this phase.
The improvements to the existing bridge will also improve local traffic flow, which should mean smoother and safer transit for your hauls in the area.
How will the Brent Spence Bridge Project affect traffic?
The project aims to ease congestion significantly by adding a new bridge and improving the existing one, which should reduce traffic delays.
Will there be tolls on the new bridge?
There’s no mention of tolls in the current phase of the project, with funding covered by federal grants and state budgets.
When is the new bridge expected to open?
The new companion bridge is expected to open in 2031.
How will this affect my fuel costs?
Reduced congestion should lead to better fuel efficiency since you’ll spend less time idling in traffic.
What should I do during the construction period?
Stay updated on construction progress and traffic pattern changes to adjust your routes and minimize delays.
Brent Spence Bridge Project Breaks Ground: Relief for Truckers by 2031
Brent Spence Bridge Project Breaks Ground: Relief for Truckers by 2031
Brent Spence Bridge Project Breaks Ground to Ease Major Trucking Bottleneck
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