Genco Closes the Loop on Supply Chain Management with New Addition of IOgistics Transportation Solutions
PITTSBURGH--July 15, 2003--Genco Distribution System (GENCO), a full product life cycle supply chain provider, today announces a major expansion of its transportation management services with the addition of Green Bay, Wisconsin-based IOgistics, a leading non-asset transportation and logistics company.
Now fueled by the addition of IOgistics' extensive transportation management capabilities, including Transportation Management Software, ShipIO, carrier management, network analysis, maintenance management and parcel services, GENCO becomes the only non-asset third-party logistics provider with such complete supply chain management offerings for retailers, manufacturers and distributors.
"We are very excited about this new expansion through IOgistics," says GENCO CEO, Herb Shear. "We are now able to provide best-in-class transportation services resulting in exceptional value and cost savings for our customers. The value will come through IOgistics' broad expertise in all modes of transportation management and ability to further analyze our customers' transportation networks."
GENCO worked closely with IOgistics technology and transportation experts to integrate their established supply chain management system and facilities with IOgistics' cutting edge transportation management solutions. Together, they produce a highly specialized logistics network that will benefit both forward and reverse logistics customers.
"Since the inception of IOgistics, it has been our objective to build exceptional value added, cost-saving logistics solutions," says Larry M. Sur, CEO of IOgistics. "IOgistics has a team of highly skilled logisticians with extensive experience in delivering savings and quality to customers. Now, IOgistics brings these complete value-driven supply chain solutions to GENCO customers as well."
GENCO transportation services will be fueled by proprietary IOgistics software called ShipIO. The software's capabilities include, shipment rating, mode selection, LTL to truckload consolidation, freight payment, audit and customized web-based reporting. Through ShipIO applications, shipments are routed, consolidated and optimized. ShipIO also creates multi-stop truckloads to provide cost savings and improve service levels.
Shear states that IOgistics, the intellectual assets of their people and ShipIO will strengthen GENCO's overall efficiency in transportation. "IOgistics and their superior transportation management software provides critical information that effectively reduces supply chain costs," says Shear. "This is very important to GENCO, as we continue to look for more customer-driven, cost-saving solutions."
Respectively, Sur envisions the relationship to be particularly valuable for IOgistics and their customers. "GENCO brings people, process, facilities, capabilities and market momentum in the areas of distribution, fulfillment, asset recovery and reverse logistics to our company."
Republic Partners handled the final transaction between the two privately held companies. IOgistics will continue to operate out of their Green Bay headquarters, while GENCO maintains their Pittsburgh location.
About GENCO
Founded over 100 years ago, GENCO Distribution System, is a recognized leader in full product lifecycle logistics management and reverse logistics management. With more than 80 facilities nationwide and over 100 software installations worldwide, GENCO services a wide array of retail and manufacturing clients including Wal-Mart, Sears, Unilever, Target, J.C. Penney, Kmart, Braun, Revlon, IKEA, LeapFrog, Becton Dickinson, Kimberly-Clark, Kraft Foods, Reckitt Benckiser, Hewlett Packard, Hershey Foods, Levi Strauss, Novartis, Eckerd, Master Lock, Moen and ACCO. For more information, visit www.genco.com.
About IOgistics, Inc.
IOgistics is a non-asset, knowledge-based logistics company that provides 3PL-engineered solutions with cost savings to supply chain and logistics operations. IOgistics uses a variety of services and technologies to maximize their clients' operational efficiency. Some of the world's best-known companies, including Wendy's, Harley-Davidson Motor Company, and Pliant Corporation, turn to IOgistics for logistics services and expertise. For more information, visit www.iogistics.com.