FedEx Supply Chain, formerly known as GENCO (General Commodities Warehouse & Distribution Co.) is a major

third-party logistics Third-party logistics (abbreviated as 3PL, or TPL) in logistics and supply chain management is an organization's use of third-party businesses to outsource elements of its distribution, warehousing, and fulfillment services. Third-party logisti ...

(3PL) provider in the United States and Canada. It serves various industries, including: technology & electronics, retail & e-commerce, consumer & industrial goods, and healthcare industries. The company was founded in the year 1898 by Hyman Shear as H. Shear Trucking Company in Pittsburgh. Currently it is a subsidiary of FedEx. FedEx acquired the company in 2015 and re-branded it as FedEx Supply Chain in 2017. The company manages 130 Warehouse and Distribution Center operations in North America region with a total of 35 million square feet of warehouse space under its management. FedEx Supply Chain was recognized by Multichannel Merchant as a Top 3PL for 2018.

History

Early History

In 1898, Hyman Shear began operating a

drayage Drayage is the transport of goods over a short distance in the shipping and logistics industries. Drayage is often part of a longer overall move, such as from a ship to a warehouse. Some research defines it specifically as "a truck pickup from ...

company known as H. Shear Trucking Company. Leading a blind horse with a wagon, Hyman delivered commodities to

Pittsburgh Pittsburgh ( ) is a city in the Commonwealth of Pennsylvania, United States, and the county seat of Allegheny County. It is the most populous city in both Allegheny County and Western Pennsylvania, the second-most populous city in Pennsylva ...

and its surrounding communities. In 1917, H. Shear Trucking purchased its first gas-powered truck allowing the company to expand its delivery area. Within a short period of time, the company was operating seven trucks. Shear's son Sam enrolled in Pitt's School of Pharmacy, at his father's urging. After graduating in 1930 Sam moved with his wife to Pittsburgh's Squirrel Hill neighborhood and bought a pharmacy. After nine years of running the Pharmacy, he joined his father's trucking business. Under Sam's leadership, the company's delivery fleet grew and warehousing and distribution services were added.

1960s-80s

By 1966, Shear Trucking Company employed over 20 drivers and was servicing customers such as Copperweld Steel, Mattel Toys, Kimberly-Clark,

Kaufmann's Kaufmann's was a department store that originated in Pittsburgh, Pennsylvania. Summary The store was owned in the early 20th century by Edgar J. Kaufmann, patron of the famous Fallingwater house. In the post-war years, the store became a regio ...

and Gimbel's Department Store. In 1971, Herb Shear - Sam's son - the third generation of the family, joined his father and expanded the company's base of operations to include public warehouse operations. The company was awarded the contract to provide the

Pennsylvania Liquor Control Board The Pennsylvania Liquor Control Board (PLCB) is an independent government agency that manages the beverage alcohol industry in Pennsylvania by administering the Pennsylvania Liquor Code. It is responsible for licensing the possession, sale, sto ...

distribution services to Western Pennsylvania in 1975 and in 1988, Distribution Resources Inc. (DRI) was formed in Eastern Pennsylvania to provide customers with flexible labor-intense services including light product assembly, refurbishing, manipulation, and general distribution services. Scanning Solutions, Inc., a division dedicated to the development of returns processing software and reclamation center management, was formed in the late ‘80s. The company offered retailers, wholesalers and manufacturers with flexible, centralized returned goods processing and asset recovery services. Herb also pioneered a new software platform known as R-Log to manage

Reverse logistics Reverse logistics encompasses all operations related to the upstream movement of products and materials. It is "the process of moving goods from their typical final destination for the purpose of capturing value, or proper disposal. Remanufacturin ...

. GENCO became an industry leader in reverse logistics and liquidation services.

1990s-2015

1995 saw the consolidation of numerous company divisions and services under one banner name, "GENCO Distribution System". Along with the new name, came new concepts and developments in supply chain management. 1997 brought about new faces and services through the acquisition of Alpha & Omega; an established Pittsburgh-based warehouse management system (WMS) software development company. GENCO ended the past century positioning itself with a broader range of services through the 1999 acquisition of two companies, Cumberland Distribution Services, building upon the company's base and history of distribution center management services; and Materials for Today's Learning / Joint Ventures, in the fulfillment industry. It also acquired IOgistics in 2003 and Capital Returns in 2005. In 2010 GENCO acquired publicly held Downers Grove, Illinois based ATC Technology Corp. The deal was valued at $512.6 million. After the acquisition the combined company came to be known as GENCO ATC. Through the acquisition of GENCO ATC by FedEx in 2015, FedEx Supply Chain was formed. FedEx acquired the company for $1.4 billion.

FedEx Supply Chain

The company serves multiple industries and is a leader in non-asset-based transportation, warehousing and distribution, and value-added services. It also works with reverse logistics processes, including returns, recommerce and recycling. The company processes 358 million returns annually and more than 500K direct-to-consumer shipments daily. The company was recognized by Multichannel Merchant as a Top 3PL for 2018. FedEx Supply Chain became one of the business units of a newly created operating company of FedEx -

FedEx Logistics FedEx Corporation, formerly Federal Express Corporation and later FDX Corporation, is an American multinational conglomerate holding company focused on transportation, e-commerce and business services based in Memphis, Tennessee. The name "Fe ...

- in January 2019. FedEx Logistics was created by the re-branding of FedEx Trade Networks.

Leadership Team

*Scott Temple -

President President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university * President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ...

and

Chief Executive Officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...

*Andy Smith -

Senior Vice President A vice president, also director in British English, is an officer in government or business who is below the president (chief executive officer) in rank. It can also refer to executive vice presidents, signifying that the vice president is on ...

and

Chief Operating Officer A chief operating officer or chief operations officer, also called a COO, is one of the highest-ranking executive positions in an organization, composing part of the " C-suite". The COO is usually the second-in-command at the firm, especially if ...

*Bradley R. Peacock - Senior Vice President and

General Counsel A general counsel, also known as chief counsel or chief legal officer (CLO), is the chief in-house lawyer for a company or a governmental department. In a company, the person holding the position typically reports directly to the CEO, and their ...

*Ryan Kelly - Senior Vice President, Sales, Strategy and Communications *Chacko Verghese - Vice President,

Information Technology Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of Data (computing), data . and information. IT forms part of information and communications technology (ICT). An information te ...

References

External links

Official Company Site
{{FedEx FedEx Transport companies established in 1898 American companies established in 1898 1898 establishments in Pennsylvania Companies based in Pittsburgh Transportation companies based in Pennsylvania 2015 mergers and acquisitions Logistics companies of the United States