Investors in America’s tech startup sector are bracing for a collapse. That’s according to a report Thursday (Dec. 7) by the New York Times (NYT) which chronicles the rise and fall of a number of once high-flying companies — WeWork, Convoy, Olive AI — that...
Supply chain technology startups are reportedly facing a challenging environment as venture capital (VC) firms reduce funding for these companies. The decline in investor support, coupled with a weakening freight market, has forced some startups to cut costs, lay off staff and explore alternative survival...
San Francisco-based digital freight startup, Flexport, has made a significant move in the logistics industry by acquiring Convoy, a Seattle-based trucking startup, according to media reports Wednesday (Nov. 1). This acquisition comes after Convoy recently announced the closure of its business due to financial difficulties...
Supply chain logistics firm Flexport is reportedly in discussions to purchase freight startup Convoy’s technology. The acquisition, if successful, would bolster Flexport’s move into the U.S. trucking market on its road to retain profitability, The Wall Street Journal (WSJ) reported Friday (Oct. 27), citing a source familiar...
June 12, 2020
From trade wars to natural disasters, the global trading ecosystem is well-versed in the importance of maintaining an agile supply chain amid market volatility. Indeed, the supply chain management, shipping and logistics arena became a hotbed of technological innovation in recent years as disruptors looked to fast-track the evolution of an industry with centuries-old legacy […]
January 29, 2024
Last year saw a surge in layoffs in the logistics sector as freight volumes declined. So far, 2024 isn’t shaping up to be much better for the industry, as The Wall Street Journal (WSJ) noted in a report Monday (Jan. 29). Among the companies cutting jobs this year are Flexport, warehousing provider Flexe and digital broker Uber Freight, the report said, […]
December 07, 2023
Investors in America’s tech startup sector are bracing for a collapse. That’s according to a report Thursday (Dec. 7) by the New York Times (NYT) which chronicles the rise and...
November 02, 2023
Supply chain technology startups are reportedly facing a challenging environment as venture capital (VC) firms reduce funding for these companies. The decline in investor support, coupled with a weakening freight...
October 29, 2023
Supply chain logistics firm Flexport is reportedly in discussions to purchase freight startup Convoy’s technology. The acquisition, if successful, would bolster Flexport’s move into the U.S. trucking market on its road...
