Workflow
Flexport Projects 2025 Profit from Convoy Sale, Eyes More Market Share by 2026
Yahoo Finance·2025-09-15 23:30

Flexport anticipates it will be in profitable in 2025 thanks to the freight tech company’s sale of the Convoy freight-matching platform. The digital freight forwarder targeted profitability by the end of this year, with CEO Ryan Petersen telling the Wall Street Journal that the Convoy sale was a “one-time event” that “was more than our burn rate for this year.” More from Sourcing Journal Flexport sold the once-defunct freight booking platform to DAT Freight & Analytics for $250 million, flipping it nearl ...