Flexport & Veho team up
PRESS RELEASE August 28, 2024 Flexport and Veho Announce Partnership, Enabling Businesses of All Sizes to Offer ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
Flexport’s new chief executive, Dave Clark, formerly of Amazon, is beginning to make his mark at the US forwarder. The company is buying Shopify’s logistics fulfilment business, including Deliverr, to compete with Amazon on e-commerce home deliveries.
Mr Clark said the deal enabled the San Francisco-based freight forwarder to offer logistics services and tracking for merchants, from Chinese factories through to last-mile delivery. The sale price wasn’t disclosed, reports The Wall Street Journal.
You can read Dave Clark’s letter to Flexport staff on the deal here.
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