News Summary

Flexport, a logistics company, has sold the technology platform of Convoy, a former freight tech unicorn, to DAT Freight & Analytics. This sale comes two years after Flexport acquired Convoy’s assets. The platform was redeveloped and launched as a neutral digital freight execution layer serving brokers, carriers, and shippers. Flexport’s CEO, Ryan Petersen, stated that the investment in revamping the platform paid off, making it more valuable and widely used. The sale will allow Flexport to concentrate on its core business operations. This move follows Flexport’s announcement of introducing AI-powered tools and launching new products for its customers.