In December 2020, XPO Logistics announced that it would spin off its global contract logistics segment into a separate company, GXO Logistics Inc. The spin-off was completed in August 2021, with American businessman Brad Jacobs as Non-Executive Chairman, Malcolm Wilson as CEO, and Baris Oran as CFO.In May 2022 the acquisition by GXO of the UK-based retail logistics company, Clipper Logistics plc was announced. According to GXO this will vastly increase the scope of its reverse logistics services, and provide a bridgehead into Germany. Clipper is strong in repairs and returns logistics, especially in consumer electronics, and repaired around 1.5 million items last year.
