AxleHire, a San Leandro, CA-based leader in technology and logistics innovation for the last mile economy, acquired Covet Shipping, a full-service shipping company that services New York City.
The amount of the deal was not disclosed.
This acquisition is a part of AxleHire’s strategic expansion across the United States as it launches its service in New York. AxleHire will be providing Same Day and Next Day delivery services to retailers, brands and other companies in New York effective November 1, 2019.
The acquisition will expand AxleHire’s service offerings to Covet Shipping’s customers in Los Angeles and San Francisco.
Covet Shipping’s team joined AxleHire effective September 3, 2019.
Founded in 2018 by Troy Lester and and Maxwell Drut, Covet Shipping is a full-service shipping company that utilizes technology to make the customer delivery experience fast. It offers same day and next day delivery services that are tailor-made for brands in New York including Andie.
Founded in 2015 by Daniel Sokolovsky, AxleHire provides same day and next day delivery services to retailers, brands and companies looking to compete in today’s competitive last mile economy. They currently provide service to companies in the meal kit/prepared food, grocery, retail, household goods, alcohol, prescription medications, and other industries.
The company currently services customers on the West Coast, New York and is expanding nationwide to other key metropolitan markets.
FinSMEs
07/10/2019