GXO Logistics renews nearly 50-year frozen supply chain contract with Carrefour

Corporate Action
โดย Seeking Alpha·Read original
Summary · why it matters

GXO Logistics has renewed its contract with Carrefour to manage frozen supply chain operations across Belgium and Luxembourg, extending a partnership that has lasted nearly 50 years. The agreement covers storage, order picking, and distribution from a 43,720-square-meter facility in Zellik, Belgium, which includes a 23,000-square-meter mezzanine and uses automated high-bay pallet storage and shuttle systems. A dedicated fleet of 40 trucks serves more than 700 Carrefour stores daily. The companies plan to continue focusing on innovation, sustainability, and operational excellence in the frozen food supply chain.

Impact on stocks 2

Industrials · 1 stocks
GXO Logistics Inc
GXO
▲ PositiveDemandrelevance

Renewed long-term contract with Carrefour for frozen supply chain operations, ensuring continued revenue stream.

Consumer Staples · 1 stocks
Carrefour SA
CA
▲ PositiveSupplyrelevance

Renewed contract with GXO ensures stable frozen supply chain logistics for Carrefour's stores.