A PYMNTS Company

US: FedEx eyes e-commerce, nabs logistics firm Genco

By  |  December 16, 2014

Shipping firm FedEx has announced plans to acquire third-party logistics company Genco as the delivery service looks to expand operations in retail and e-commerce, say reports.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The deal, whose financial details were not disclosed, will need to receive regulatory clearance from antitrust authorities in the US and Canada, but the companies say they expect to close the merger next year.

    Genco specializes in product test, repair, remarketing and liquidation services.

    Full content: Bizjournals

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.