GXO Logistics, Inc. (NYSE: GXO) shares jumped Wednesday. The world’s largest pureplay contract logistics provider announced the renewal of its long-standing partnership with Carrefour for frozen supply chain operations in Belgium and Luxembourg.
This renewal agreement strengthens one of GXO’s longest customer relationships in Belgium, a collaboration that has spanned almost 50 years and reaffirms Carrefour’s role as a key strategic partner for GXO’s operations in Zellik.
“We are proud to continue our partnership with Carrefour, one of our longest standing customers in Belgium,” said Willem Veekens, Managing Director for GXO in Northern Europe. “Our shared history and deep operational understanding allow us to continuously optimize performance and deliver best in class service across the region.”
From its 43,720-square-meter frozen logistics facility in Zellik, including 23,000 square meters of mezzanine, GXO supports Carrefour with end to end storage and distribution operations, including a fleet of 40 trucks to supply more than 700 stores across Belgium and Luxembourg.
The operation leverages advanced technology, including automated high bay pallet storage and a shuttle system that feeds the pick floor, ensuring fast replenishment and consistently high service levels. GXO provides Carrefour with fully integrated frozen supply chain services encompassing storage, order picking and distribution.
GXO shares began Wednesday trading with a gain of 23 cents to $49.06.
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