How GXO Logistics Is Beating Inflation

Inflation is roiling the economy, with consumer prices up nearly 10% since a year ago in both the U.S. and Europe. The stock market had its worst first half in more than 50 years, and retail giants like Walmart are slashing profit guidance due to inflation weighing on consumer discretionary spending. In this environment, with fears of a recession swirling around much of the global economy, you might expect GXO Logistics (NYSE: GXO), the world's biggest pure-play contract logistics company, to be experiencing headwinds.