Logistics
Costco Acquires National Final-Mile Delivery Company Innovel Solutions for $1B
The deal will allow the Issaquah-based retail giant to expand its e-commerce business at a faster clip, Costcos CEO says
Costco Wholesale Corp. has acquired a national logistics company, Innovel Solutions, for $1 billion, expanding the retailers e-commerce-delivery muscle as demand for those services continues to expand during the coronavirus era. Innovel, prior to the sale to Issaquah-based Costco, operated as a subsidiary of Illinois-based Transform Heldco LLC, which operates Sears and Kmart stores. Costco…
Logistics Company With a Digital Edge Launches Office in Seattle
Flexport is looking to disrupt the freight-forwarding business after raising $1 billion
Digitally savvy freight-forwarding company Flexport is opening an office in downtown Seattle, the companys 12th location globally, its sixth in the U.S. and first in the Pacific Northwest. Although the local office will start out small, with about a dozen employees, the company, which employs a software-focused freight-management strategy that allows customers to handle all…