Photo: Fortune Live Media / Flickr / CC BY-ND 2.0 

XPO spin-off GXO debuts on 2022 Fortune 500

GXO Logistics has been added to the Fortune 500, the annual list compiled by Fortune magazine that includes the largest U.S. companies by revenue.

You can read this article in 2 minutes

The company, which separated from XPO last year, was ranked in 430th place on the list.

Commenting on the news, GXO Chief Executive Officer Malcolm Wilson said the inclusion of GXO on the prestigious Fortune 500 list is a “recognition of how our team members are delivering outstanding financial performance and redefining the value of contract logistics for our customers.”

GXO’s revenue of $7.9 billion for the fiscal year ended December 31, 2021. The company says this means it ranks No. 1 among pure-play contract logistics companies in the U.S. based on revenue for their latest fiscal year.

The company added that its customers include over 30% of the Fortune 100 companies. It claims its robust sales pipeline — which stood at $2.5 billion as of March 31, 2022 — also provides excellent opportunities for future growth.

Photo: Fortune Live Media / Flickr / CC BY-ND 2.0