U.S.-headquartered 3PL says the investment will support its online platform which helps shippers book, manage and track shipments.
Expeditors International has acquired Fleet Logistics’ Digital Platform for an undisclosed sum.
The U.S.-headquartered 3PL said the purchase would support its online shipping platform and help shippers book, manage and track shipments.
“As we have said, we will continue to invest in technology and people,” said Jeffrey Musser, President and CEO. “This acquisition extends the services within our Digital Solutions division and evidences our commitment to making investments in our business. We are also excited to extend our system capabilities and welcome new talent.”
Benjamin Clark, Chief Strategy Officer, said the investment supported Expeditors’ online shipping platform Koho (gokoho.com), which helps small shippers quote, book, manage and track their Less-Than-Truckload shipments online.
“Through our Koho pilot, working closely with Fleet, we were able to demonstrate our ability to meet an unmet need,” he added.
“Koho is the first idea to successfully navigate all stages of our innovation framework – from seed through to scale – and represents the culmination of our efforts to create our innovation team and framework.”
Source: Lloyd´s
