Freight Transport | Pixr8 News

NY, 2nd November 2023: Flexport, a venture-funded freight forwarder, made an announcement on Wednesday regarding its acquisition of Convoy's technology stack. According to a report by FreightWaves last week, the two freight startups were in talks discussing this acquisition, as Convoy, a freight brokerage, had recently shut down on October 19. In an email sent to Flexport's team on Wednesday afternoon, Ryan Petersen, the CEO and founder of Flexport, stated that their strategy would be to provide a comprehensive range of trucking services to customers who consider them a one-stop-shop for global logistics. He added that thanks to this deal, they are now in an excellent position to fulfill their product vision as a true one-stop-shop, capable of shipping any product, in any quantity, bet...

The first all-electric train was completed by Alstom on time from its high-tech locomotive facility at Madhepura in Bihar. The train is the first of many more to come after the Government and the Indian Railways set up the target of achieving a 100% electrification of the railways in India and therefore step closer to sustainable mobility. Additionally, the new electric trains will cut down operating costs of the Railways by a huge margin and a huge volume of greenhouse gas emissions. This first all-electric train will lead the way in the €3.5 billion order for a fleet of 800 electric double-section locomotives signed in 2015. This initiative comes under the Ministry of Railway’s public-private partnership programme as they want to modernize the overall Indian railway infrastructure. Th...

Tag: Freight Transport

Flexport acquired digital freight network Convoy

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