Expeditors acquires digital platform from Fleet Logistics to enhance LTL

Freight forwarder Expeditors International has acquired Fleet Logistics' digital-forwarding platform for an undisclosed sum, according to a press release. The platform will be integrated into Expeditors' existing LTL platform Koho, which the Washington-based forwarder launched in 2019, aiming to better serve small shippers. Fleet Logistics founder Max Lock will lead the Koho team, according to his LinkedIn post. Lock founded Fleet Logistics in 2015 in the first wave of startup, stand-alone booking platforms for freight, with funding from Luftansa Cargo along the way. The acquisition follows an eight-month pilot between the two companies. "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," Expeditors Chief Strategy Officer Benjamin Clark said​ in a statement.