Updated: FedEx buys specialist firms

FedEx has signed an agreement to acquire GENCO, one of the largest third-party logistics providers in North America. Processing more than 600 million returned items annually from many of the world’s leading brands, GENCO is considered a pioneer and market leader in reverse logistics, providing triage, test and repair, remarketing and product liquidation solutions. It has $1.6 billion in annual revenue and more than 11,000 teammates at over 130 operations. FedEx ... [+]

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