Expeditors International expands digital offering in Fleet Logistics deal

unidentified LTL

Expeditors International (NASDAQ: EXPD) announced that it is purchasing the digital platform of Fleet Logistics.

The Seattle-based international freight forwarder said the acquisition will support its less-than-truckload (LTL) shipping platform, Koho.

Transaction terms were not disclosed.

“As we have said, we will continue to invest in technology and people. This acquisition extends the services within our Digital Solutions division and evidences our commitment to making investments in our...

https://s29755.pcdn.co/news/expeditors-international-expands-digital-offering-in-fleet-logistics-deal

Will USPS survive the tanking of its direct mail revenue?

USPS needs to survive the tanking of its direct mail revenue (Photo: Jim Allen/FreightWaves)

All has not been well with the U.S. Postal Service (USPS) since the COVID-19 outbreak. Since March, it has curtailed international services in over 100 markets across the world.

While this contributed to a slide in revenue, the USPS faces a real crisis within its bulk mail and advertising segment – its primary revenue source. A dramatic fall in its main revenue stream has led to a state of alarm within the logistics major, as the USPS will battle insolvency later this year if it fails to receive...

https://www.freightwaves.com/news/will-usps-survive-the-tanking-of-its-direct-mail-revenue