FedEx has further increased its foothold in the ecommerce sector with the acquisition of returns company Genco.  The merging of these two logistic giants is a massive step forward for FedEx and will enable the firm to provide both a delivery and returns service to its ecommerce customers. With 1.6billion in annual revenue, an employee count of over 11,000 and over 130 operations, Genco is a considered a market leader in reverse logistics - according to a statement by FedEx. Chairman and CEO … [Read more...]