Peloton Interactive Inc. will turn over all of its final-mile warehousing and delivery functions to existing partners J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) and XPO Logistics Inc., (NYSE: XPO) and will end in-house final-mile delivery operations, a company spokesman said Friday.
The shift will occur over the coming weeks, the spokesman said. In addition, the struggling fitness company will close all 16 warehouses that have supported in-house deliveries, according to the spokesman.
The...