ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

GXO announces new transport partnership with Matalan

GXO to become Matalan’s strategic transport partner, responsible for over 550 weekly deliveries to over 200 Matalan stores across the UK&I

New partnership will help to optimise Matalan’s transport network, supporting its supply chain efficiency and commitment to deliver for customers

LONDON, U.K., Oct. 16, 2024 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure play contract logistics provider and one of the U.K. and Ireland’s leading logistics and transportation partners, today announced a new transport delivery agreement with Matalan, the leading fashion and homeware value retailer, to run its transport delivery operations in the UK and Ireland.

As part of a new three-year agreement, GXO will provide transport delivery operations for over 200 Matalan stores on high streets and in retail parks across the UK and Ireland. GXO will be a strategic partner to Matalan, helping to drive efficiencies across the retailer’s supply chain and ensuring that Matalan continues to deliver a seamless shopping experience for customers.

“We’re delighted to be chosen by Matalan to provide transport services, including up-stream and final mile deliveries,” said Richard Ball, Director of Shared Transport networks at GXO. “By partnering with us for their transport operations, we’ll be able to provide Matalan with best-in-class expertise and technical solutions freeing them to focus on creating amazing fashion and home products for their customers.

“Our priority is to help further streamline the supply chain and drive efficiencies in the operation and we’re excited with some of the plans we already have in place to bring innovative solutions to help Matalan’s growth. Utilising our vast experience and transport network, we can remove any unnecessary miles whilst regularly delivering to Matalan stores, utilising our shared transport network.”

In the new partnership, GXO will make over 550 deliveries to Matalan’s stores each week. This service will be delivered by 100 GXO drivers across a fleet of 55 HGVs and 110 trailers.

Drivers will be specially trained by GXO on their core values, prioritising safety and focusing on eco driving techniques that help reduce emissions and make for a cleaner transport function.

Matalan’s Chief Supply Officer, Phil Hackney, added: “We’re committed to going above and beyond for our Matalan customers, and in order to do that we need a strong transport network and smooth supply chain operations. As a proud omnichannel retailer, we’re excited to leverage GXO’s technology and supply chain expertise to ensure that we’re offering our customers a wide range of stylish products and a hassle free-shopping experience every time they visit us in-store.”

About GXO Logistics 
GXO Logistics, Inc. (NYSE: GXO) is the world’s largest pure-play contract logistics provider and is capitalizing on the rapid growth of ecommerce and automation. GXO is committed to providing a world-class, diverse workplace for more than 130,000 team members in more than 970 facilities totaling approximately 200 million square feet. The company partners with the world’s leading blue-chip companies to solve complex logistics challenges with technologically advanced supply chain and ecommerce solutions. GXO is headquartered in Greenwich, Connecticut, USA. Visit GXO.com for more information and connect with GXO on LinkedIn, X, Facebook, Instagram and YouTube.

About Matalan
Matalan is a leading UK and international fashion and homeware retailer, with a mission to be the first choice for outstanding family value.  With a large store network in excess of 280 UK and international stores and integrated e-commerce platform, Matalan is a trusted brand which puts its customer at the heart of its business and delivers unrivalled product choice and exceptional style and quality to 11 million loyal shoppers every year. Matalan is famously committed to offering a compelling value focused fashion and home offering, that continues to help millions of UK household budgets go further. 

Media contact

Jack Woodhead
+44 (0)7929104482
jack.woodhead@gxo.com


Primary Logo

Recent Quotes

View More
Symbol Price Change (%)
AMZN  229.62
+0.51 (0.22%)
AAPL  278.87
-1.83 (-0.65%)
AMD  217.99
+2.01 (0.93%)
BAC  54.05
+0.16 (0.31%)
GOOG  321.40
+3.01 (0.95%)
META  673.17
+11.64 (1.76%)
MSFT  481.92
+1.08 (0.22%)
NVDA  181.77
-1.61 (-0.88%)
ORCL  215.98
+1.65 (0.77%)
TSLA  455.18
+0.65 (0.14%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.