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Convoy—Trucking Startup Backed By Bezos And Gates—Shutting Down After Failing To Find Buyer, Report Says

Chief executive Dan Lewis said a “massive freight recession” might have contributed to the company s failure to be acquired, Bloomberg reported.

Shopify unloads logistics business as it cuts 20% of workforce in major strategic shift

Shopify to cut 20% of global work force, sell logistics operations

Chief executive officer Tobias Lutke outlined the job cuts in a memo to staff ahead of the company’s quarterly earnings report, but did not show up to the earnings call

Trans-Atlantic capacity rebounds to pre-pandemic levels

Trans-Atlantic capacity has rebounded to pre-pandemic levels as passenger travel continues to grow, Neel Jones Shah, executive vice president and global head of airfreight at San Francisco-based Flexport, said during an air market webinar presented by the company today. The trans-Atlantic trend is anticipated to continue, adding further belly capacity to the airfreight market, Shah

Triangle Inno - SpaceX investor with Triangle ties targets $30M to fund deep tech startups

Triangle Inno - SpaceX investor with Triangle ties targets $30M to fund deep tech startups
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