GXO Logistics reported second-quarter 2026 financial results Tuesday, saying the company continued to gain momentum in contract logistics despite a cautious global freight environment.

Revenue rose 4.3% year over year to $3.4 billion, while organic revenue increased 3.4%, reflecting growth across all three of the company’s geographic regions.

Chief Executive Officer Patrick Kelleher said GXO is benefiting from three strategic priorities: strengthening its commercial organization, improving operational execution through its “GXO Way” operating model, and expanding artificial intelligence and next-generation automation through its GXO IQ platform.

“Our commercial momentum is particularly evident in North America, a key growth market, where our wins in the first half of the year increased 85% over the same time last year,” Kelleher said in a news release.

Greenwich, Connecticut-based GXO Logistics (NYSE: GXO) is one of the largest pure-play contract logistics providers in the world. The company operates more than 970 facilities totaling approximately 200 million square feet and employs more than 130,000 people globally.

GXO booked approximately $410 million in new business wins during the quarter, up 34% from a year earlier and marking the company’s strongest quarterly commercial performance in three years. About 40% of those wins came from aerospace and defense, technology, industrial and life sciences. For a contract logistics provider, that mix matters because new business wins often reflect how broad customer demand is across industries, rather than a single end market.

Adjusted EBITDA increased to $219 million from $212 million a year earlier, while adjusted diluted earnings per share rose to 59 cents from 57 cents in the second quarter of 2025.

GAAP net income totaled $27 million, compared with $28 million in the prior-year quarter. Diluted earnings per share edged down to 22 cents from 23 cents.

Cash generation also improved sharply. Operating cash flow reached $76 million, up from $3 million a year earlier, while free cash flow totaled $12 million, compared with negative $43 million in the second quarter of 2025.

GXO said it has already secured about $1 billion of incremental revenue for 2026, an increase of 29% year over year, along with $353 million of incremental 2027 revenue. The company also said its commercial sales pipeline expanded from $2.3 billion at the end of the second quarter to about $2.7 billion in July, giving it greater visibility into future growth. That pipeline growth, together with the maintained outlook, gives investors and customers a clearer read on how management is seeing demand as the year progresses, without changing the company’s stated targets.

The company maintained the midpoint of its 2026 financial outlook, including:

• Organic revenue growth of 4% to 5%
• Adjusted EBITDA of $945 million to $965 million
• Adjusted diluted EPS of $2.95 to $3.15
• Free cash flow conversion of 30% to 40%

GXO said it will hold a conference call with analysts at 8:30 a.m. EST on Wednesday.