Flexport announces it is selling Convoy's tech to DAT Freight & Analytics, after acquiring the digital freight startup's tech stack in late 2023
A $4 million profit on technology in 2 years won't make a minor dent … Forums: r/FreightBrokers : DAT buys Convoy's tech from Flexport
Flexport CEO Ryan Petersen says the startup generated revenue of $2.1B in 2024, up from $1.6B in 2023, but missed its target to be profitable by the end of 2024
Founder and CEO of digital forwarder, Ryan Petersen, says company will hit goal in 2025, paving way for potential public offering
Bellevue, Washington-based Auger, founded by ex-Amazon and Flexport exec Dave Clark to offer AI-powered supply chain tools, raised a $100M seed led by Oak HC/FT
Dave Clark has had a rollercoaster of a time these past two years. — After stepping down in June 2022 as CEO …
Flexport raised $260M from Shopify, one of its biggest shareholders; Shopify sold its money-losing logistics unit to Flexport in exchange for equity in May 2023
Report Threads: Ran Reichman / @ranreichman : I don't understand this on two accounts: 1. Flexport CEO said they have a fortress balance sheet quite recently. 2. Why does Shopify need this? X: Austi...
Flexport raised $260M from Shopify, one of its biggest shareholders; Shopify sold its money-losing logistics unit to Flexport in exchange for equity in May 2023
Report FreightWaves : Flexport raises $260M from Shopify Threads: Ran Reichman / @ranreichman : I don't understand this on two accounts: 1. Flexport CEO said they have a fortress balance sheet quite ...
Flexport acquires shuttered digital freight startup Convoy's tech stack, doubling down on US trucking; a source says Convoy CEO Dan Lewis will join Flexport
Flexport has reached a deal to buy the technology of shuttered trucking startup Convoy, as Flexport doubles down on its U.S. trucking ambitions …
Sources: Flexport is in talks to acquire collapsed digital freight startup Convoy's tech, a move that would expand Flexport's push into the US trucking market
https://lnkd.in/eF58482E Brittain Ladd : FLEXPORT IN DISCUSSIONS TO ACQUIRE CONVOY — Many people on LinkedIn have been reaching out to me since the news broke that Convoy was going out of business …
Sources: Flexport is in talks to buy the tech of collapsed digital freight startup Convoy, a move that would expand Flexport's push into the US trucking market
The deal would move the digital-focused freight forwarder into the domestic trucking market — Flexport is in talks to buy …
Flexport plans to cut ~20% of its global workforce, part of a new round of layoffs set to begin on October 13, and return to profitability by the end of 2024
Annie Palmer / CNBC :
Documents and sources undermine Flexport founder Ryan Petersen's claims that CEO Dave Clark overspent, overhired, and overpromised before being forced to resign
Peterson decides to return as CEO, unceremoniously ousts Clark, rescinds offers to a bunch of new hires then blames Clark for overhiring. … Jenn Schiffer / @jenn@pixel.kitchen : a real “read all the w...