It was reported about fourth quarter revenue came around at $2.3 billion, marking a 28% annual increase during XPO Logistics was part of it. GXO over the course was able to observe double revenue growth, around 19% increase in the fourth quarter of 2021.
Â GXO Logistics is located in U.S., is an American global contract logistics who manages outsourced supply chain and warehousing. In the calendar year of 2021 earnings of fourth quarter for Greenwich, it is a global contract logistics service provider and it has been quite strong, reported by the company. The second standalone of GXOâ€™s earnings release in August, 2021 from XPO Logistics.
It was reported about fourth quarter revenue came around at $2.3 billion, marking a 28% annual increase XPO Logistics was still part during company elevations. Annually net income was up 10.8%, came in at $56 million and the operating income around $63 million which was raised up to 20.6%. EBITDA reached a new height $167 million which raised annually by 12.6%. In 2021 calendar year revenue raised to 21.5% around $7.9 billion.
GXO over the course of the fourth quarter led to a significant traction, for e-commerce and reverse logistics revenues which were around 45% and 28%, company was able to observe double revenue growth, around 19% increase in the fourth quarter of 2021.
GXO over the course of the fourth quarter led to a significant traction. e-commerce and reverse logistics revenues double 45% and 28%.
GXO independent successful peak in calendar of 2021
GXO launched as independent company and XPO time split the contract from its stand-alone company which take advantage of tailwinds related to e-commerce, outsourcing and automation. Wilson mentioned that the company reached a successful peak for customer during the fourth quarter, they were able to do delivery to millions of consumers during the holiday cheer. They even announced the labour market is being managed exceedingly well; it includes 20,00 new team members. The extended period ran from November to late December.
The company provide a support to manage the continuing of e-commerce channel shift. In the fourth quarter, sales pipeline reached at the level around $2.5 billion, with those opportunities taking place from e-commerce. It was recorder during the thanksgiving weekend, all e-commerce level were completely 100% activity. It started of the quarter to facilities handling per outbound e-commerce unit per day around half the million.
The CEO of GXO, Malcom Wilson expressed the demand for innovation is being raised highly and their industry is leading in technology and world class talent will continue to set apart GXO.Â They are individual automated and ESG Engineering Seismology Group focuses on to improve the safety and lower the level carbon footprint of global supply chains.
E-commerce side, technology shipper saw 46% and Top brand apparel brand customer saw 36% increasement.
In 2021 benefits, in U.K. two recent technology customer wins has already achieved synergies which is over $30 million, and the sales of around 5%.
The business was firing on all cylinders in the fourth quarter, with GXO serving a solutions provider for its customers across several verticals. And he observed that GXOâ€™s reverse logistics operations increased on a tougher annual comparison in the fourth quarter which was 28% compared to the third quarter which was 21% annual gain, explained by Manduca.
During the black Friday for one of the e-commerce side, technology shipper saw 46% and Top brand apparel brand customer saw 36% increasement. As they are looking at customer projects, company undoubtedly focused on returns as business. Even, the customer is coming for their e-commerce and fulfilment solution, which makes them reliable during the broader supply chain.