GXO Logistics (GXO) and Sky Italia Team Up for Logistics Services

GXO Logistics, Inc. (NYSE:GXO) is one of the 12 Best Logistics Stocks to Buy According to Hedge Funds. On July 15, GXO Logistics, Inc. (NYSE:GXO) announced that it has signed a multi-year agreement with Sky Italia for logistics services and value-added activities in Italy.

Under this agreement, GXO Logistics, Inc. (NYSE:GXO) will manage Sky’s supply chain from its warehouse in Colleferro, Italy.

GXO Logistics (GXO) and Sky Italia Team Up for Logistics Services

A fleet of rented trucks parked alongside a warehouse, emphasizing the company’s logistics services.

The Colleferro warehouse is 30,000 square meters in total size. This includes 7,000 square meters dedicated to storing over 1 million Sky products. As part of the agreement, GXO Logistics, Inc. (NYSE:GXO) will store Sky’s Business Core products like decoders and routers, the Glass line Smart TVs, and merchandising related to the Sky brand and TV series.

GXO Logistics, Inc. (NYSE:GXO) has been operating the Colleferro warehouse since 2010. The facility is a multi-user site that provides a scalable solution to support the growth of Sky’s business during busy peak periods. Additionally, the warehouse offers high levels of security to protect high-value products.

In addition to storage and logistics, GXO Logistics, Inc. (NYSE:GXO) will manage value-added activities such as supply chain management and quality control checks of Sky hardware and software.

GXO Logistics, Inc. (NYSE:GXO) is an American multinational contract logistics company that serves blue-chip companies with its supply chain and e-commerce solutions.

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Disclosure: None. This article is originally published at Insider Monkey.