FedEx to Expand Global Portfolio of Solutions with Acquisition of GENCO

A recognized leader in reverse logistics, GENCO transforms the FedEx suite of e-commerce and supply chain solutions

MEMPHIS, Tenn., December 15, 2014 - FedEx Corp. announced today that the company signed an agreement to acquire GENCO, one of the largest third-party logistics providers in North America. With a comprehensive portfolio of supply chain services, GENCO’s expertise will expand existing FedEx service offerings in the evolving retail and e-commerce markets.

Processing more than 600 million returned items annually from many of the world’s leading brands, GENCO is considered a pioneer and market leader in reverse logistics, providing triage, test and repair, remarketing and product liquidation solutions. With $1.6 billion in annual revenue and more than 11,000 teammates at over 130 operations, GENCO offers a complete range of product lifecycle logistics® services to customers in the technology, consumer, industrial, retail, and healthcare markets.

“The acquisition of GENCO will transform our global portfolio through the addition of new best in class supply chain management services,” said Frederick W. Smith, Chairman and CEO of FedEx Corp in a press release. “As e-commerce continues to grow, customers of both companies will reap the benefits from the broadened capabilities and powerful new services.”

“With similar corporate cultures, shared values and unwavering focus on developing world-class logistics solutions, FedEx and GENCO are a great fit,” said Herb Shear, Executive Chairman, GENCO in a press release. “I am especially pleased that Todd R. Peters will continue as GENCO CEO and to know that our teammates everywhere will make significant and lasting contributions to our customers as members of the FedEx family.”

The transaction is subject to customary closing conditions, including compliance with U.S. and Canadian antitrust law requirements. GENCO will continue to operate as an independent company until the transaction is closed in the new calendar year.

J.P. Morgan Securities LLC and Baker & McKenzie served as advisors to FedEx on this transaction. Paul, Weiss, Rifkind, Wharton & Garrison LLP, Republic Partners, and Staley Capital served as advisors to GENCO.

About FedEx Corp.

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $46 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 300,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com.

About GENCO:
GENCO is the recognized leader in product lifecycle and reverse logistics solutions designed to maximize value and reduce costs, generating $1.6 billion in revenue annually and operating over 130 warehouse locations comprising 38 million square feet throughout North America. Their diverse range of customers includes many Fortune 500 companies in the technology, consumer and industrial, retail and healthcare markets and the federal government. GENCO’s complete range of product lifecycle services include inbound logistics; warehousing & distribution; fulfillment; contract packaging; managed transportation; systems integration; returns processing & disposition; test, repair, refurbishment; product liquidation; and recycling.

Certain statements in this press release may be considered “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to future events and financial performance. These forward-looking statements involve risks and uncertainties. Actual results may differ materially from those contemplated (expressed or implied) by such forward-looking statements, because of, among other things, economic conditions in the global markets in which we operate, the impact of any international conflicts or terrorist activities, disruptions to the Internet or our technology infrastructure, the impact of changes in fuel prices and foreign currency exchange rates and adverse weather conditions or natural disasters, as well as the other risks and uncertainties you can find in FedEx’s and its subsidiaries’ press releases and SEC filings, including the risk factors in FedEx’s most recent annual report on Form 10-K, as updated by FedEx’s quarterly reports on Form 10-Q.

Old Dominion Freight Line, Inc. Increases Rates

Old Dominion Freight Line, Inc., Announces a General Rate Increase

THOMASVILLE, N.C. (Dec. 15, 2015) – Old Dominion Freight Line, Inc. today announced that it will implement a general rate increase (GRI) of 4.5 percent effective January 5, 2015.

"The GRI is consistent with our long-term yield management philosophy and provides for increases in our rates based on length of haul rather than the traditional across-the–board-increases. The GRI also provides for a nominal increase in minimum charges with respect to Intrastate, Interstate and cross border lanes. Although the GRI will impact each customer differently based on specific shipment lanes and distance traveled, the overall impact of the increase is expected to be 4.5 percent," stated Todd Polen, Vice President of Pricing.

Mr. Polen also stated, "At OD, we are committed to delivering a superior value proposition of on-time, claims-free service at a fair and equitable price. In order to satisfy our customers’ expectations and deliver on the promises we have made, we must continue to enhance our high-quality service network and systems. Our GRI is intended to offset the rising costs of new equipment, real estate and technology investments, and competitive employee wage and benefit packages. OD’s yield management philosophy is to take a fair approach that minimizes the impact to our customers’ budgets while also supporting the value proposition that we promise to deliver each and every day."

Canadian Pacific Railway Limited Share Purchase Announcement

Canadian Pacific Railway Limited announces plan to purchase through private agreements up to 1,250,000 common shares under its share repurchase program

CALGARY, Dec. 5, 2014 - Canadian Pacific Railway Limited (TSX/NYSE: CP) announced today that it intends to purchase for cancellation up to 1,250,000 of its common shares pursuant to private agreements to be entered into between CP and an arm's length third party seller.

Purchases will be made in accordance with an issuer bid exemption order issued by the Ontario Securities Commission ("OSC") dated December 5, 2014 (the "Order"). The Order is in addition to the issuer bid exemption order recently issued to CP by the OSC on November 25, 2014 with respect to 1,210,163 CP common shares. Pursuant to the Order, purchases may be made in several transactions prior to March 16, 2015. The price CP will pay for its common shares purchased by way of private agreements will be at a discount to the prevailing market price of CP common shares on the Toronto Stock Exchange at the time of purchase.

Purchases made by CP will be counted towards CP's normal course issuer bid announced on March 11, 2014, as amended September 29, 2014, for up to 12,650,862 CP common shares (the "Bid") and will not exceed, in aggregate, one third of the maximum number of common shares CP may purchase under the Bid, being 4,216,954 common shares.

The actual number of CP common shares that will be repurchased under the Bid, by way of any private agreements or otherwise, and the timing of any such purchases, will be determined by CP. There cannot be any assurances as to how many common shares will ultimately be acquired by CP under the Bid.

Information regarding each purchase, including the number of common shares purchased and aggregate purchase price, will be available on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and on EDGAR at www.sec.gov following the completion of any such purchase.

Note on forward-looking information

This news release contains certain forward-looking information within the meaning of applicable securities laws relating, but not limited to, purchases of common shares for cancellation under CP's share repurchase program and future sources of capital. This forward-looking information also includes, but is not limited to, statements concerning expectations, beliefs, plans, goals, objectives, assumptions and statements about possible future events, conditions, and results of operations or performance. Forward-looking information may contain statements with words or headings such as "financial expectations", "key assumptions", "anticipate", "believe", "expect", "plan", "will", "outlook", "should" or similar words suggesting future outcomes.

Undue reliance should not be placed on forward-looking information as actual results may differ materially from the forward-looking information. Forward-looking information is not a guarantee of future performance. By its nature, CP's forward-looking information involves numerous assumptions, inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking information, including but not limited to the following factors: changes in business strategies; general North American and global economic, credit and business conditions; risks in agricultural production such as weather conditions and insect populations; the availability and price of energy commodities; the effects of competition and pricing pressures; industry capacity; shifts in market demand; changes in commodity prices; uncertainty surrounding timing and volumes of commodities being shipped via CP; inflation; changes in laws and regulations, including regulation of rates; changes in taxes and tax rates; potential increases in maintenance and operating costs; uncertainties of investigations, proceedings or other types of claims and litigation; labour disputes; risks and liabilities arising from derailments; transportation of dangerous goods; timing of completion of capital and maintenance projects; currency and interest rate fluctuations; effects of changes in market conditions and discount rates on the financial position of pension plans and investments; and various events that could disrupt operations, including severe weather, droughts, floods, avalanches and earthquakes as well as security threats and governmental response to them, and technological changes. The foregoing list of factors is not exhaustive. These and other factors are detailed from time to time in reports filed by CP with securities regulators in Canada and the United States. Reference should be made to "Management's Discussion and Analysis" in CP's annual and interim reports, Annual Information Form and Form 40-F. Readers are cautioned not to place undue reliance on forward-looking information. Forward-looking information is based on current expectations, estimates and projections and it is possible that predictions, forecasts, projections, and other forms of forward-looking information will not be achieved by CP. Except as required by law, CP undertakes no obligation to update publicly or otherwise revise any forward-looking information, whether as a result of new information, future events or otherwise.

About CP:

Canadian Pacific (TSX:CP)(NYSE:CP) is a transcontinental railway in Canada and the United States with direct links to eight major ports, including Vancouver and Montreal, providing North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit www.cpr.ca for more information.

SOURCE: Canadian Pacific

SHIPPING INDUSTRY SETS OUT PROGRESS ON CO2 REDUCTION ON EVE OF UN CLIMATE CONFERENCE

SHIPPING INDUSTRY SETS OUT PROGRESS ON CO2 REDUCTION ON EVE OF UN CLIMATE CONFERENCE, BUT STRESSES INDUSTRY IS NOT ‘CASH COW’


London, U.K., November 28, 2014 - The global shipping industry, which transports around 90% of world trade, only produced about 2.2% of the world’s total Green House Gas emissions during 2012 compared to 2.8% in 2007.  Shipping’s total emissions have reduced by more than 10% during the same period.

In advance of the United Nations Climate Conference in Lima (1-12 December), the global trade association for ship operators – the International Chamber of Shipping (ICS) – says that the industry is on track to reduce its emissions by more than 20% by 2020 (compared to 2005) with further reductions going forward.

This and other information about the impressive progress which the shipping industry is making to reduce its CO2 emissions is set out in a special brochure prepared for the UNFCCC Climate Change Conference (COP 20).  This can be found on the global trade association’s website – www.ics-shipping.org/docs/co2

The shipping industry is the only industrial sector which is already covered by a binding global agreement to reduce its CO2 emissions, through technical and operational measures agreed – with full industry support – by its global regulator, the London-based International Maritime Organization (IMO).

ICS explains that the IMO is now developing additional measures to reduce CO2 emissions from shipping and that the UN Conference needs to maintain its support for IMO as the principal forum for addressing emissions from maritime transport, which cannot be attributed to individual national economies.

ICS emphasises that any decision, for example on whether to develop a Market Based Measure for shipping that might be linked to the Green Climate Fund (GCF), should be a matter for IMO Member States.  IMO will be best placed to develop an approach that can reconcile the UNFCCC principle of ‘Common But Differentiated Responsibility (CBDR)’ – whereby developing countries are treated differently – with the need for all ships, regardless of flag, to be treated in a uniform manner.

Shipping is a global industry requiring rules on CO2 to be applied on a global basis to all ships.  Apart from preventing market distortion in this totally globalized sector, this is necessary to avoid ‘carbon leakage’ since only about 35% of the world fleet is registered with those developed nations that are covered by emission reduction commitments under the existing Kyoto Protocol on climate change prevention.

The position of the shipping industry remains that any contribution by shipping to the GCF must reflect the sector’s modest contribution to total global CO2 emissions.  ICS is firmly opposed to any suggestion that the shipping industry should collectively pay tens of billions of dollars each year, stressing that the industry is not a ‘cash cow’.


ICS:
·         The International Chamber of Shipping (ICS) is the global trade association for merchant shipowners.  Its membership comprises national shipowners’ associations from 36 countries representing over 80% of the world merchant fleet.
·         The figures concerning CO2 emissions reductions from shipping are taken from the Third IMO GHG Study, 2014.

Announcing Kate Vitasek Joins LQ's Roster of Presenters December 11th, 2014 - A reminder - Only 14 Days Left to Register

Toronto, November 27, 2014 - LQ is pleased to announce Kate Vitasek will be joining LQ’s impressive roster of Symposium Speakers presenting on December 11th at the scenic Toronto Board of Trade's Country Club.  To register for this LQ event, please click here.

Kate Vitasek is a Faculty Member, Graduate and Executive Education, at the University of Tennessee. She is an author, educator, and business consultant, and an internationally recognized innovator in the practice of supply chain management. She is the founder, faculty and lead researcher in the concept of vested (also known as vested outsourcing), which was developed in conjunction with the University of Tennessee. She is a pioneer in the university's Performance-Based Logistics work, authoring the industry's first book on the subject, and she currently serves as a faculty member in UT's Graduate and Executive Education.

Kate will be joining LQ's panel discussion dedicated to the subject of ''Leading Performers in Supply Chain Sustainability: How Well Are You Using Best Practices in your Supply Chain and Maintenance Operations?'' The complete panel for this subject area includes:

• Nicholas Seiersen, B.Sc. (Hons.), M.B.A., P. Log., LQ Executive Editor, Corporate Supply Chain Manager, KGMH International
• Virginia Garbutt, Director Strategic Network Planning and Improvement, Walmart Canada
• David J. Closs, Ph.D., LQ Executive Editor, John H. McConnell Chaired Professor of the Eli Broad College of Business, Department of Marketing and Supply Chain management, Michigan State University
• Thomas J. Goldsby, PhD, LQ Executive Editor, The Ohio State University
• Kate Vitasek, The University of Tennessee

If you would like to Register to attend LQ's Symposium, please visit http://www.LQsummit. com (Seating is limited to 120 delegates.)

Additional sessions and panelists on the Agenda for this exciting day include:

Future Trends in Technology:

• Ryan Bloor, CCLP, PMP, Director, Logistics Services, Celestica
• Krista Collinson, Vice President, Logistics, Ecommerce and Business Development, ToysRUs (Canada)
• Tom Sanderson, CEO, Transplace
• Clifford F. Lynch, Principal, C.F. Lynch & Associates

Market Conditions and the Future of the Logistics/Transportation Industry in North America:

• Kelli Saunders, President, Morai Logistics, Inc.
• Ellen Voie, President and CEO, Women In Trucking
• Christopher O'Brien, Senior Vice President, C.H. Robinson
• Barb Pitroski, Vice President of Capacity and Implementation Solutions, GENCO's Transportation Logistics
• Sean Coakley, Senior Vice President, Kenco

Supply Chain Integration Through Mergers and Acquisitions:

• David Faoro, Director Supply Chain, The International Group Inc. and General Manager of Tank Carrier Services, Inc.
• Joseph O'Connor, Vice President of Transportation at Office Depot, Inc.
• Mitch Glickman,Vice President, Corporate Development, Livingston International
• Nikhil Sathe, CFO, Genpro

In addition to enjoying Breakfast, Lunch and a Cocktail and Networking Reception, delegates can look forward a keynote and luncheon presentation by Robert Voltmann, President and CEO, of the Transportation Intermediaries Association (TIA), sharing his insights on future and existing challenges and trends in transportation.

LQ's team would also like to take this opportunity to convey our appreciation to the Canadian International Freight Forwarders Association (CIFFA), the Council of Supply Chain Management Professionals (CSCMP), SCMA, the Transportation Intermediaries Association (TIA), Women in Trucking, for reaching out to their membership and constituents to invite them to participate in LQ's Symposium.

LQ greatly appreciates the direction of its Board members for providing input to help shape the agenda and content for this Symposium, and LQ Magazine.

LQ is also pleased to announce that its Pre-Holiday Symposium has been approved by CSCMP to enable its members to receive six Continuing Education Credits (CEUs) from CSCMP toward your CSCMP SCPro certification maintenance.

CIFFA Canada has also approved LQ's Symposium; CIFFA-members attending will receive credit from CIFFA toward CIFFA's Professional Freight Forwarder (PFF) learning requirements.

SCMA members attending will be qualified to receive five Continuous Professional Development (CPD) points from SCMA. (*Category CE-3 for SCMP designation holders.)

LQ Gold-Level Symposium Sponsors, which have made this exciting day possible, include: BCG Logistics Group, C.H. Robinson, GENCO, Genpro, Ryder.

Additional information registration information is online at http://www.LQsummit.com

LQ's December 11th Symposium Attendees can Qualify to Receive CSCMP's CEUs

November 13, 2014, Toronto – LQ is pleased to announce LQ’s Pre-Holiday Symposium on December 11th 2014 has been qualified and approved by CSCMP to enable LQ’s attendees to receive six Continuing Education Credits (CEUs) from CSCMP toward your SCPro certification maintenance. 

“Each year, you need to earn a minimum of 20 hours (one unit is equivalent to one hour) of professional CEUs for a minimum total of 60 hours over the three-year certification cycle.” For more information, please visit the CSCMP website.

LQ's Pre-Holiday Symposium provides a bridge between leading academics and practitioners in our field, offering participants a mix of expert case studies, in-depth master classes/workshops and discussions that are designed for peer-to-peer learning, discussion and inquiry, and created in consultation with senior supply chain and logistics leaders from many industries and regions.

LQ’s Executive Exchange Agenda at the Toronto Country Club will include discussions on:


• Future Trends in Technology
• Market Conditions and the Future of the Logistics/Transportation  
   Industry in North America
• Supply Chain Integration Through Mergers and Acquisitions
• Leading Performers in Supply Chain Sustainability: How Well are  
  You Using Best Practices in your Supply Chain and Maintenance
  Operations?


What better way to kick off the holiday season then to catch up with colleges from both sides of the border within the industry, and make a few new ones, plus take home information and insights that you can put to use in your business in the New Year. To register, please visit: www.LQsummit.com.

LQ's Pre-Holiday Dec. 11th Symposium Agenda & Invitation

Register today for LQ's North American Pre-Holiday Symposium on December 11, 2014

What better way to kick off the holiday season then to catch up with colleges from both sides of the border within the industry, and make a few new ones, plus take home a few nuggets of information and insights that you can put to use in your business in the new year.

LQ's Pre-Holiday Symposium provides a bridge between leading academics and practitioners in our field, offering participants a mix of expert case studies, in-depth master classes/workshops and discussions that are designed for peer-to-peer learning, discussion and inquiry, and created in consultation with senior supply chain and logistics leaders from many industries and regions.

This year’s theme focuses on Creating Customer-Centric Supply Chains and Organizations.

LQ’s Executive Exchange Agenda at the Toronto Country Club will include discussions on:

Future Trends in Technology - Applying Big Data from Transportation Management to Create Efficiencies in the Supply Chain Significant freight savings can be achieved with an effectively implemented TMS platform, by exploiting its maximum potential to add value to your freight network. This panel discussion will examine strategies to garner data for an organization's supply chain in order to:

Supply Chain Integration through Mergers and Acquisitions: Completing a merger between two organizations requires the marriage of two corporate cultures to create new efficiencies, rationalize distribution networks, and integrate or create new IT systems. It often involves defining differences in performance metrics and reconciling these baselines. In this session executives will share their insights on how mergers/acquisitions and strategies on how they've helped to make supply chain integration a success.

Market Conditions and the Future of the Logistics/Transportation Industry in North America: Hear from the heads of leading logistics companies on how they’re setting themselves up to respond to changing economic indicators and what they’re doing to take advantage of growing global demand in the coming months. Get the logistics interpretation of the economic outlook and find out how you need to adjust your business model to adapt to the evolving conditions.

NEW:  LQ would also like to offer delegates the opportunity to meet one-on-one behind closed doors to examine challenges, which may be converging on a business, or involve aspirational objectives as far as two years down the road and a useful benchmarking opportunity. LQ's team helps its participants to prepare for these meetings with a pre-defined agenda making these meetings for logisticians and providers an investment with a solid value proposition designed for both parties. Book two meetings by emailing lquarterly@gmail.com and you will receive a $400 discount from your registration fee.

To view LQ’s impressive roster of speakers, moderators and facilitators, please visit: http://www.LQsummit.com

Register today for LQ's Symposium: Registration Rate of $895.00. Delegates will also receive a complimentary edition of Logistics Clusters, by Yossi Sheffi, PhD., MIT, while supplies last, on a first-come basis.


A few comments from participants attending LQ's Symposiums:

"When it comes to executive forums, the definition of victory are three very simple tests:
• First, did I pick up a couple of real nuggets I can use in my business?
• Secondly, did I find new thought partners and contacts that I can do mental ping-pong with?
• Third, was it inspiring and fun?
The Logistics Quarterly Executive Forum aces these tests." – Tom Schmitt, President, CEO and Director of AquaTerra Corporation

“The LQ Executive Exchange is my favorite meeting of the year, and this year was no exception.” - Cliff Lynch, C.F. Lynch & Associates

"The LQ Symposium includes great content from thought leaders in Supply Chain Management while providing an opportunity for attendees to meet these influential speakers through scheduled network events during the day.  From panel discussions to keynote speakers, the content never fails to inspire, influence and motivate those who participate.

This year, the Women In Supply Chain Management networking breakfast was an added bonus.  Women (and men) were able obtain valuable information to take back to their organizations to attract, hire, promote and retain women.

I was honored to be a part of this impressive panel of successful women who each shared her insight into her journey toward leadership roles.  This is the first annual event that should be attended by progressive organizations desiring more women in their top posts." - Ellen Voie CAE, President/CEO, Women In Trucking, Inc.

"Very much enjoyed the meeting and the people, and, of course, seeing and working with you and team again!" - Gene Tyndall, EVP, Tompkins International

"I thought that the speakers and topic were terrific." – Kim Stoll, Fernandes Hearn LLP

“I really enjoyed the LQ Breakfast. A great panel and inspiring presentations.” – Nina Trifan, National Marketing Manager, Day & Ross Freight

"It was a fabulous inaugural LQ Women in Logistics event – and everyone in the room learned a great deal from the panel and from each other." - Melissa Gracey, President and CEO, DTA Services

"Logistics Quarterly is one of the best organizations in the North American logistics industry. It is the only conference I NEVER miss, and LQ Magazine is the only journal I always read. Yes, they're that good." - Christopher Barry, COO, Canadian Cancer Society

"I have always found that LQ presents unique opportunities and a has great reputation amongst industry's top intellectuals. Your symposiums are one of best organized one-day events and LQ has maintained a very high standard for some time." - Nikhil Sathe, CFO, Genpro Incorporated