News / Digital link-up as Expeditors acquires Fleet Logistics

US freight forwarder Expeditors is to acquire Fleet Logistics, for an undisclosed amount.

Now branding itself as a digital freight forwarder, Oregon-based Fleet Logistics began life in 2016 as a freight rate marketplace, securing $4m in its first funding round.

That was followed by a further $10m funding round in January 2018, led by Lufthansa Cargo, when investors included UPS and saw then-Lufthansa Cargo chief commercial officer Alexis van Hoensbroech join its board of directors.

Expeditors said the Fleet Logistics’ digital platform would ...