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Supply-Chain Snags Are Starting to Ease, Warehouse Operator Says

Shipping containers at the Port of Long Beach in California
Shipping containers at the Port of Long Beach in CaliforniaPhotographer: Kyle Grillot/Bloomberg

GXO Logistics Inc., the world’s largest contract logistics provider, is seeing more goods arrive at its facilities -- a signal that the supply-chain snags are beginning to subside.

“We’re through the worst of it. I think we’ve reached the peak,” Chief Executive Officer Malcolm Wilson said in an interview Tuesday, after the recently created company issued its first earnings report. “Hopefully, things will look a bit smoother as we move forward.”