Hello followers! Today, we’re diving into an exciting update in the logistics world. Flexport, a major player in freight and logistics, has just sold the tech assets of Convoy, a former unicorn that had shut down, after owning them for two years. Let’s find out what this means for the market!

Flexport acquired Convoy’s technology two years ago, transforming it into a neutral digital freight platform that connects brokers, carriers, and shippers. The company’s CEO, Ryan Petersen, shared that this investment strengthened the platform, making it more versatile and valuable.

Recently, Flexport announced the sale of this tech to DAT Freight & Analytics. While details of the deal were not disclosed, Petersen emphasized that this sale lets Flexport refocus on its core business, helping customers move freight globally. The platform’s development over the past 18 months has been significant, relaunching as a neutral layer in digital freight.

Interestingly, this move comes shortly after Flexport introduced AI-powered tools and outlined plans for regular new product launches—an approach inspired by Airbnb’s founder. The company’s aim is to better serve its customers by continuously innovating and expanding.

At the recent TechCrunch Disrupt 2025 in San Francisco, some top companies and investors gathered to share insights on startup growth. The event featured key industry voices, highlighting the importance of innovation and investment in tech and transportation sectors.