Expeditors Acquires Fleet Logistics’ Digital Platform
May 26 2020 - 04:15PM
Business Wire
Expeditors International of Washington, Inc. (NASDAQ: EXPD) a
leading provider of global logistics solutions, announced today
that it has acquired Fleet Logistics’ Digital Platform. The
purchase will support Expeditors’ online LTL shipping platform,
Koho (gokoho.com), and aligns with Expeditors’ strategy and focus
on Digital Solutions. Terms of the agreement were not
disclosed.
“As we have said, we will continue to invest in technology and
people,” said Jeffrey Musser, President and CEO. “This acquisition
extends the services within our Digital Solutions division and
evidences our commitment to making investments in our business. We
are also excited to extend our system capabilities and welcome new
talent.”
Benjamin Clark, Chief Strategy Officer, added, “This investment
supports Expeditors’ online shipping platform Koho (gokoho.com),
which helps small shippers quote, book, manage and track their LTL
shipments online. Through our Koho pilot, working closely with
Fleet, we were able to demonstrate our ability to meet an unmet
need. Koho is the first idea to successfully navigate all stages of
our innovation framework – from seed through to scale – and
represents the culmination of our efforts to create our innovation
team and framework.”
“I am very excited to be joining Expeditors,” said Max Lock,
Fleet’s founder and CEO. “Combining Expeditors’ world-class systems
and service standards with Fleet’s digital platform will help
Expeditors further extend its capabilities.”
Expeditors is a global logistics company headquartered in
Seattle, Washington. The Company employs trained professionals in
176 district offices and numerous branch locations located on six
continents linked into a seamless worldwide network through an
integrated information management system. Services include the
consolidation or forwarding of air and ocean freight, customs
brokerage, vendor consolidation, cargo insurance, time-definite
transportation, order management, warehousing and distribution and
customized logistics solutions.
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version on businesswire.com: https://www.businesswire.com/news/home/20200526005790/en/
Benjamin Clark Chief Strategy Officer (206) 892-4430
Geoffrey Buscher Investor Relations (206) 892-4510
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