FedEx Picks Up Genco to Bolster E-commerce Business For About $1 Billion
The Pittsburgh reverse logistics provider processes more than 600 million return items annually, generating $1.6 billion in sales. More: continued here
The Pittsburgh reverse logistics provider processes more than 600 million return items annually, generating $1.6 billion in sales. More: continued here
Inside FedEx Corp.'s sorting facility, mechanical arms whir within a labyrinth of buzzing blue and yellow machinery. Cardboard boxes drop onto a conveyor belt with a thud, zipping down the line to be sorted before making it to shoppers' doorsteps for the holidays. More: continued here
For the second quarter, we expect to see continued growth at FedEx's Ground segment driven by e-commerce volume growth, partially offset by loss of volumes from one customer for FedEx's SmartPost service. Declining fuel prices will likely impact the company's top line and margins. More: continued here
FedEx Corp. announced today that the company signed an agreement to acquire GENCO, one of the largest third-party logistics providers in North America. With a comprehens More: continued here
INDIANAPOLIS (WISH) – Monday was projected to be Fed Ex’s biggest shipping date in history. It’s also the busiest day of the year for the United States Post Office. Something both are seeing a huge boost in, are packages due to a growing e-commerce. More: continued here
FedEx Corp. (FDX) agreed to buy closely held logistics firm Genco, a specialist in handling product returns, as e-commerce operations expand at the operator of the world’s largest cargo airline. More: continued here
The company expected to handle 22.6 million packages Monday alone. More: continued here
A FedEx truck overturned in New Jersey on Monday, spilling packages on to a roadway. More: continued here
The Christmas countdown is officially on. Monday is a huge day for shipping companies like FedEx. More: continued here
A FedEx truck has overturned in northern New Jersey, spilling dozens of packages on what is typically the delivery company's busiest day of the year. More: continued here