Flexport completes acquisition of Shopify logistics business

Digital-oriented freight forwarder Flexport has completed its acquisition of the logistics arm of Shopify Inc., one month after it announced its plans. The deal includes Deliverr, the tech-enabled shipping services provider Shopify bought last year for $2.1 billion, and it officially puts Flexport into e-commerce fulfillment and last-mile delivery. In exchange for its fulfillment assets,…

Coal company Iron Senergy to use Intramotev’s autonomous rail cars

Iron Senergy, a company that manages coal assets, and rail technology provider Intramotev have reached an agreement under which Iron Senergy will use three of Intramotev’s autonomous rail cars at Iron Senergy’s coal facilities in western Pennsylvania. Iron Senergy, based in Waynesburg, Pennsylvania, operates the Cumberland coal mine in Pennsylvania, while St. Louis-based Intramotev has…

Next Trucking eyes possible sale; FreightTech experts weigh in

Digital freight marketplace Next Trucking is on the prowl for either additional capital or an exit, confirmed Monday by its advising firm BG Strategic Advisors (BGSA) after initial reports from The Information. “As a matter of policy, BGSA does not comment on the details of confidential client assignments. That said, I can confirm that Next…