It's been a little more than a year since GXO Logistics (NYSE: GXO) first went public after it was spun off from XPO Logistics.

Shares initially jumped after the separation last August, but GXO, the world's largest pure-play contract logistics company, has slumped since then, falling 54%. That decline reflects the market's fears that a recession will hit GXO and the rest of the logistics sector since these companies depend on shipping volumes and, therefore, end-consumer demand.

But despite the weak stock performance, GXO's latest results indicate the company is showing little sign macroeconomic pressure. 

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Source Fool.com