Flexport in talks to buy technology from failed freight company Convoy

Flexport in talks to buy technology from failed freight company Convoy

Updated October 27, 2023 at 9:41 a.m. ET

Flexport is in talks to buy technology from Convoy, a collapsed digital freight startup, a move that would expand the freight forwarder’s presence in the U.S. domestic trucking market as the company seeks to regain profitability, according to a person familiar with the negotiations.

Conversations are continuing, the person said, but did not provide additional financial details.

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With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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