GXO (NYSE: GXO) Projects Flat 2026 Volumes, Eyes North America and AI-Driven Growth

GXO Logistics (NYSE: GXO) projects flat 2026 volumes amid cautious macro conditions, emphasizing organic growth and new business wins. North America is a primary focus, with U.S. markets expected to drive revenue and margin expansion. The company serves key verticals including aerospace, defense, life sciences and technology, leveraging AI and robotics through its GXO IQ operating system. Fourth quarter results: revenue $3.5B (+7.9% YoY), adjusted EPS 87¢ vs. 83¢ YoY, beating expectations. Q4 North America outpaced Europe and the U.K. GXO has $774M of 2026 incremental revenue secured and a global pipeline of $2.5B, with a six-to-nine month sales-to-ramp-up cycle suggesting acceleration in H2 2026 and 2027. The guidance assumes flat volume, with management targeting net leverage of about 2x EBITDA by year-end and prioritizing deleveraging and automation investments.