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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Genco Corporation (CE) | USOTC:GNCC | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 00:00:00 |
By Josh Beckerman
FedEx Corp. (FDX) has agreed to buy logistics provider Genco, which has revenue of about $1.6 billion.
Genco, with more than 130 warehouse locations, has customers in technology, consumer, industrial, retail and health-care markets. Its services include contract packaging, warehousing, transportation services and inventory liquidation.
The sale price wasn't disclosed.
FedEx, with revenue of $45.6 billion for the year that ended in May, said the deal will expand its services in retail and e-commerce markets.
Write to Josh Beckerman at josh.beckerman@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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