GXO raises 2026 outlook, rules out Amazon logistics threat
GXO Logistics on Tuesday reported better-than-expected first-quarter earnings, driven by growth in aerospace, defense and technology logistics contracts, while executives dismissed concerns that Amazon’s newly expanded supply chain services could threaten the company’s business model. The contract logistics provider reported first-quarter revenue of $3.3 billion, up 10.8% year over year, while adjusted EBITDA rose 23%…