Stord Acquires Cove Logistics to Offer Comprehensive Distribution Network.
MANews-(C)2009-2020
Georgia, US-based distribution network Stord has acquired Missouri-based transportation partner Cove Logistics to offer customers a comprehensive distribution network, the company said.
Terms of the transaction were not disclosed.
Since its series A funding round in 2019, Stord's network and software capabilities have grown tremendously and resulted in increased adoption from enterprise companies.
This acquisition is a reflection of Stord's commitment to invest in its distribution network.
These transportation capabilities will be integrated to Stord's distribution network as well as offered in their cloud software platform for instant quoting and tendering of loads.
Shippers will be able to move inventory in and out of...
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