Flexport sells former freight unicorn Convoy’s tech 2 years after buying it
Two years ago, logistics company Flexport bought the assets of Convoy, a former freight tech unicorn that had closed up shop. Now it’s sold that platform and delivered a “massive return on investment for Flexport.” Flexport announced the sale on Monday to DAT Freight & Analytics but declined to disclose terms. “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,” Fle