GENCO Canada
PHILADELPHIA, PITTSBURGH, Pa., USA, June 14, 2005 -BDP International® and GENCO announced today the formation of a strategic alliance between the two privately held companies that will expand each company's capacity to deliver end-to-end global logistics services. Through the alliance, BDP will outsource its domestic ground transportation to GENCO and GENCO will offer BDP's global logistics services to its customers. The companies are already planning the integration of their tracking and other related systems.
"The formation of this unique alliance will enable BDP to take a quantum leap forward to enhance the quality of our inland U.S. transportation and warehousing capabilities," said BDP President Richard J. Bolte, Jr. "Going forward, our clients will experience a more comprehensive level of U.S. inbound and outbound service and visibility."
"This relationship fits perfectly with our business strategy of expanding our solution set with existing customers, while gaining an immediate presence in new domestic and international growth markets," said GENCO chairman and chief executive officer Herb Shear. "By becoming part of a global alliance, we will be able to combine service strengths, which offers increased value for our customers."
GENCO's extensive network of freight carrier partners, combined with a comprehensive service package, which includes price quotations and payment of both ground and air carrier invoices, will enable BDP to better integrate with customers' supply chains. In addition, the alliance creates opportunities for the company's to introduce new service offerings to a shared customer base.
About GENCO Supply Chain Solutions
GENCO Supply Chain Solutions is North America's largest U.S.-based and a Global Top 50 third-party logistics provider and the recognized leader in Reverse Logistics. The company manages over 130 operations and 37 million square feet of warehouse space throughout North America for a diverse range of retail, manufacturing and government customers. The company provides initial and ongoing value through a complete range of solutions, including contract logistics, transportation logistics, parcel negotiation and audits, reverse logistics, damage research, product liquidation, pharmaceutical services, government solutions and supply chain technology solutions. For more information, visit www.genco.com.
About BDP
BDP International is one of the leading privately held freight logistics / transportation management firms in the U.S. It operates freight logistics centers in more than 20 cities throughout North America and a network of subsidiaries, joint ventures and strategic partnerships in 140 countries. The company serves more than 4,000 customers worldwide. Clients include Bayer, Heineken USA, Honeywell, Johnson & Johnson, Osram Sylvania, Revlon, Rohm & Haas, Trek Bicycle, Wacker, and others. BDP provides a range of services, including air, sea and ground transportation; logistics process analysis, design and management; export freight forwarding; import customs brokerage and regulatory compliance; project logistics; warehousing/consolidation/distribution; and Internet shipping transaction/tracking management systems.
