financetom
Business
financetom
/
Business
/
GXO Logistics Deploys 500 Autonomous Mobile Robots for Sporting Goods Retailer in France
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
GXO Logistics Deploys 500 Autonomous Mobile Robots for Sporting Goods Retailer in France
May 14, 2024 5:19 AM

07:45 AM EDT, 05/14/2024 (MT Newswires) -- GXO Logistics ( GXO ) said Tuesday that it has deployed 500 autonomous mobile robots across more than 12,000 square meters for an unidentified sporting goods retailer in France.

The deployed lightweight robots handle 70,000 bins on 5.5-meter-tall storage racks. They are used for picking activities and have contributed to increase "productivity, accuracy and safety on site," GXO said.

The tote-to-person solution is designed "to speed order processing, increase agility to respond to seasonal volume changes and deliver efficiency savings," the company said.

Price: 52.43, Change: -0.41, Percent Change: -0.78

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Main Street Capital Completes $40 Million Follow-on Investment in Gulf Manufacturing
Main Street Capital Completes $40 Million Follow-on Investment in Gulf Manufacturing
Mar 19, 2024
10:18 AM EDT, 03/19/2024 (MT Newswires) -- Main Street Capital ( MAIN ) said Tuesday it completed a $40 million senior secured term debt follow-on investment in Gulf Manufacturing. The investment is expected to support Gulf Manufacturing's acquisition of Maass Global Group, Main Street said, adding that a new parent holding company called Gulf Manufacturing Holdings was created to own...
Pitney Bowes Appoints John Witek as Interim Finance Chief
Pitney Bowes Appoints John Witek as Interim Finance Chief
Mar 19, 2024
10:23 AM EDT, 03/19/2024 (MT Newswires) -- Pitney Bowes ( PBI ) said Tuesday it has named John Witek as interim chief financial officer, effective immediately. Witek most recently served as the company's head of global business services. Pitney Bowes ( PBI ) said CFO Ana Maria Chadwick is leaving the company to assume a new role with another organization,...
CGI Gets $72 Million Contract to Enhance Medicare Access
CGI Gets $72 Million Contract to Enhance Medicare Access
Mar 19, 2024
10:20 AM EDT, 03/19/2024 (MT Newswires) -- CGI (GIB) unit CGI Federal said Tuesday it was awarded a firm-fixed-price contract valued at $72 million over five years by the Centers for Medicare & Medicaid Services to upgrade the Health Plan Management System, HPMS. The IT consulting services provider plans to integrate automation, cloud-efficient tools, data analytics, and agile delivery methodologies...
MicroStrategy shares fall 13% after convertible deal for bitcoin purchases
MicroStrategy shares fall 13% after convertible deal for bitcoin purchases
Mar 19, 2024
(Reuters) - Shares in MicroStrategy ( MSTR ) were down 13% on Tuesday as bitcoin fell after the company announced it had completed a $603.75 million convertible debt offering - its second in a week - to raise money to buy bitcoin. The deal, used by the company to raise money to buy bitcoin, follows an $800 million convertible offer...
Copyright 2023-2026 - www.financetom.com All Rights Reserved