Flexport sells former freight unicorn Convoy’s tech two years after buying it

Logistic agency Flexport two years ago The convoy bought the resourcesA former Freight Tech Unicorn that closed the shop. Now it has sold the platform and provided a “huge return on investment for flaxport”.

Flexport announced the sale to the Dat Fret and Analytics on Monday, but refused to publish the conditions.

“Over the past 18 months, we have redefined and restarted [Convoy] The platform is as a neutral digital freight execution level that serves brokers, careers and ships across the market, “Flexport Ryan Petersen said in a statement.” This investment has stopped. The platform is now more powerful, more widely used and much more valuable than when we got it. As the caravan platform matured, it was clear that it needs to be a neutral infrastructure level to achieve its full potential. “

Pietersen writes that Convey’s technology sales will allow his company to “focus on our main capital and energy towards our main business” to help customers to move around the world.

Flexport AI-powered equipment suit rolled out and twice a year after announcing the plan to launch new products for its customers-this sale arrives a few months after the sale comes AirBNB CEO is the procedure inspired by Brian CheskyThe

Flexport told TechCrunch at the time that the second product manifestation would come “at the end of the summer”.