(BusinessWire) Expeditors International of Washington, Inc. (NASDAQ: EXPD) a leading provider of global logistics solutions, announced May 26th 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.
“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.”