Stord takes over Cove Logistics
The digital warehousing and distribution network Stord has acquired Cove Logistics, a transportation partner, to offer customers a comprehensive distribution network.
Since its Series A funding round in 2019, Stord's network and software capabilities have grown substantially and their customer base has increased accordingly. Stord will welcome 15 new employees to its team, scaling world-class freight services including: full truckload, less than truckload, intermodal, parcel, expedited shipments and more.
These transportation capabilities will be integrated into Stord's distribution network as well as offered on its cloud software platform for instant quoting and tendering of loads. Shippers will be able to move inventory in and out of Stord's network utilising its freight capabilities as well as book one-off loads or contract lanes. (mw)