Two years ago, logistics company Flexport Purchase of convoy propertyA former freight technique unicorn that closed the shop. Now it has been sold to that platform and has given “a large -scale return on investment for Flexport”.
Flexport on Monday announced the sale to data freight and analytics, but refused to disclose the conditions.
“In the last 18 months, we re -made and started again [Convoy] Flexport Ryan Peterson said in a statement, “A neutral digital freight execution layer as a neutral digital freight execution layer that serves shipper in the broker, carrier and market.” The platform is now strong, more widely used, and when we acquired it, it is much more valuable than this. As the convoy mature the platform, it was clear that to achieve its full potential, it required a neutral infrastructure layer. ,
Peterson wrote that the sale of the technology of the convoy would allow his company to “focus on our capital and energy on our main business”, which will help customers to carry freight worldwide.
Flexport sold a few months after the Flexport announced a rollout of a suit of AI-operated equipment, and plans to launch waves of new products twice a year for its customers. Airbnb CEO Bryan Chesi -inspired approach,
Flexport told Techcrunch at that time that the second product would come in the release “Let Summer”.
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