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

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