Supply chain logistics platform Flexport is acquiring the assets of digital freight network Convoy, with plans to restore Convoy's trucking logistics services for customers. Flexport will not acquire Convoy's business or liabilities but will retain some members of Convoy's product and engineering team. The terms of the deal were not disclosed, but Flexport CEO Ryan Petersen stated that the purchase price relative to value is modest. Flexport aims to offer a comprehensive range of trucking services, including FTL, LTL, drayage, cartage, and eventually intermodal services. The acquisition will help Flexport expand its service offerings and lower carrier costs.

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