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Stord buys e-commerce specialist Shipwire from Ceva Logistics
Yahoo Finance· 2026-01-05 18:10
Core Insights - Stord has acquired Shipwire from Ceva Logistics to enhance its scale and capabilities in the competitive e-commerce logistics market [7][6] - The acquisition allows Stord to expand its fulfillment volume and footprint, adding 12 fulfillment centers and access to Ceva's global network of 1,000 warehouses [6][14] - Stord's revenue reached $147 million in 2025, and the company has raised a total of $325 million from investors, with a valuation of $1.5 billion [10][9] Company Overview - Stord, founded in 2015, provides a comprehensive logistics solution for e-tailers, managing over $10 billion in transactions [1] - The company operates 11 major fulfillment hubs across 13 buildings, including locations in the UK and the Netherlands [1] - Stord's business model targets small and medium-sized companies, enabling them to achieve delivery speeds comparable to larger retailers [1] Market Dynamics - E-commerce growth has slowed since the pandemic peak but remains strong, with U.S. e-commerce retail sales increasing by 275% to $304.2 billion over the past decade [3] - E-commerce now accounts for 16.3% of total retail sales, up from 14.6% in 2021 [3] - The logistics sector is experiencing consolidation as companies seek to enhance their technological capabilities and operational efficiencies [27] Strategic Moves - Stord's acquisition of Shipwire is its fifth, following a recent acquisition of Ware2Go, which added 2.5 million square feet to its warehouse network [9][6] - The company is investing in AI technology to improve order management and enhance customer experience [15][16] - Stord's multi-user facilities utilize advanced technology for inventory management and shipment processing, significantly improving efficiency [24][25] Customer Base - Stord serves a diverse range of direct-to-consumer and B2B brands, including Seed Health, Native, and Athletic Greens, delivering over 30 million packages to approximately 11.5% of U.S. homes last year [8][9] - The company is focused on enhancing customer experience through technology and personalized services [22][20]
Freight Technologies Announces Two-Year Fleet Rocket Contract with Accel Logistica
GlobeNewswire News Room· 2025-06-30 13:00
Core Insights - Freight Technologies, Inc. has signed a two-year contract with Accel Comercial, S.A. de C.V. to license its advanced Transportation Management System (TMS) software platform, Fleet Rocket [1][3] - Accel Logistica provides a wide range of logistics and supply chain solutions, serving various customers including multinational corporations and retailers across Mexico [2] - Fleet Rocket is designed to enhance operational efficiency, visibility, and communication within logistics networks, and will be utilized by Accel Logistica to improve its services [3] Company Overview - Freight Technologies, Inc. is a technology company focused on optimizing and automating supply chain processes through a diverse portfolio of AI and machine learning-powered solutions [4] - The company's offerings include Fr8App for cross-border shipping, Fr8Now for less-than-truckload shipping, Fr8Fleet for dedicated capacity services, Waavely for ocean freight management, and Fleet Rocket for TMS [4] - Each product is interconnected within a unified platform to enhance operational efficiency through innovative technologies such as live pricing and real-time tracking [4]