Veho

Last-mile companies poised to shake up the market

U.S. retailers have a last-mile problem. Complex routes, failed deliveries, returned products and consumer expectations around delivery speed, flexibility and reliability have complicated the last-mile equation in recent years. 

Add to that the rising costs of fuel and labor and the last mile is now the most expensive portion of the delivery process.

In fact, according to Capgemini, last-mile delivery accounts for more than half of the total cost of shipping. And per Statista, as much as $41 of...

https://www.freightwaves.com/news/last-mile-companies-poised-to-shake-up-the-market

Last-mile logistics platform Veho partners with ShipHero on e-commerce deliveries

Delivery driver approaches a front door to leave a package

Crowdsourced delivery technology company Veho has partnered with e-commerce fulfillment solution company ShipHero to make next-day deliveries in Texas.

Veho is now an official carrier partner for ShipHero and will enable clients of the fulfillment company to utilize Veho’s driver partners in several Texas markets, including Austin, Dallas-Fort Worth, Houston and San Antonio. Expansion outside those markets will likely follow, the companies said in a joint news release on Wednesday.

“At Veho,...

https://www.freightwaves.com/news/veho-to-make-ecommerce-deliveries-for-shiphero-in-texas

Veho expands again, adding new Midwest cities to last-mile delivery network

Signs directing delivery drivers

Last-mile delivery and return logistics platform Veho is continuing its rapid expansion, announcing on Tuesday that it has expanded to two new Midwest cities with a third coming before the end of the year.

The company recently opened facilities in Cincinnati and St. Louis, joining existing locations in Chicago, Indianapolis and Milwaukee. Veho will add Cleveland to its network in the fall, bringing its e-commerce-focused logistics operation to six Midwest markets by the end of the year, and 22...

https://www.freightwaves.com/news/veho-expands-last-mile-delivery-in-midwest

Florida e-commerce businesses have delivery option with Veho now in state

Man lifts ecommerce package off conveyor belt

Veho, the logistics platform designed for e-commerce last-mile delivery, is now operating in Florida. On Wednesday, the firm announced it has added facilities in Fort Lauderdale, Miami and Orlando, with Jacksonville and Tampa to follow later this year.

Veho is operating in 19 markets, including Washington, D.C., and major cities in Colorado, Texas, Illinois, Indiana, Georgia, North Carolina, Maryland, Pennsylvania and now Florida. It plans to add about one new market a week for the rest of the...

https://www.freightwaves.com/news/ecommerce-next-day-delivery-platform-veho-opens-in-florida

Next-day delivery unicorn Veho acquires e-commerce return firm QuikReturn

Fresh off two consecutive rounds of fundraising that landed it $300 million in just three months’ time at a $1.6 billion valuation, last-mile delivery firm Veho is now focused on scaling its business. The company on Wednesday took a step in that direction, announcing the acquisition of QuikReturn, a post-purchase reverse logistics firm.

Terms were not disclosed.

“We have been incredibly impressed with the technology and carbon-neutral pickup platform the QuikReturn team has developed — both of...

https://www.freightwaves.com/news/next-day-delivery-unicorn-veho-acquires-e-commerce-return-firm-quikreturn

Holiday unicorn: Veho nets $1B valuation after latest funding

Veho raises $125 million to reach unicorn status

Just in time for the holidays, last-mile delivery technology firm Veho has found a $125 million present under its tree.

The next-day delivery specialists announced the series A round, led by Construct Capital, on Tuesday. Additional participants include Bling Capital, Industry Ventures, Fontinalis Partners and Origin Ventures.

Total funding in Veho is now $129.2 million, according to Crunchbase. The latest funding came with a valuation of $1 billion.

“We’re providing e-commerce brands a fast,...

https://www.freightwaves.com/news/holiday-unicorn-veho-nets-1b-valuation-after-latest-funding