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Not for the first time the parcel market appears like a battleground to expand or ...
One of logistics companies that has pioneered reverse logistics and customer returns processes for ecommerce retail sector is to be acquired by FedEx in what analysts estimated was a $2bn deal. US firm Genco is estimated to have annual revenues of $1.6bn and ebitda of just over $200m per year, and FedEx said it would keep the existing management team in place – no bad move for a company that claims it handles the returns logistics for seven of the top 10 US retailers.
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