Asset-based 3PL Fox Logistics announced Wednesday the acquisition of freight automation platform Boxton. The deal expands Fox Logistics’ freight capabilities globally to include ocean and air services.
San Diego-based Boxton’s platform automates freight quotes via artificial intelligence and API connectivity. The deal is expected to add 150 global customers to the Fox Logistics network, growing its customer base by 500%.
Terms of the transaction were not disclosed.
“Boxton’s freight automation...