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Flexport sells former freight unicorn Convoy’s tech 2 years after buying it
The assets of Convoy are now in the hands of DAT Freight & Analytics.
“Over the past 18 months, we rebuilt and relaunched the [Convoy] platform as a neutral digital freight execution layer that serves brokers, carriers, and shippers across the market,” Flexport Ryan Petersen said in a statement. The sale comes just a few months after Flexport announced the rollout of a suite of AI-powered tools, and a plan to launch waves of new products for its customers twice a year — an approach inspired by Airbnb CEO Brian Chesky. He previously worked at The Verge, where he also covered consumer technology, hosted many short- and long-form videos, performed product and editorial photography, and once nearly passed out in a Red Bull Air Race plane.
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