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In 2009 Toll acquired Express Logistics Group, one of New Zealand's largest freight forwarding companies. In the same year Toll acquired Logistic Distribution Systems (LDS), a Dubai-based international freight forwarding company. [11] [12] In 2010 Toll acquired United States freight forwarder Summit Logistics. [13]
International delivery services subsidiary Estes Forwarding Worldwide represented 6% of Estes' revenue. [6] By 2019, the company operated with over 20,000 employees, over 6,000 tractors, and nearly 30,000 trailers. [11]
2013 Acquired New Orleans–based MBLX to expand international freight forwarding in the U.S. [35] 2013 Signed a purchase agreement to acquire the assets of Advantex Express Inc. as well as the shares of its two U.S. entities, Advantex Express, Inc. and Andina Group International, Inc. [36] 2013 Steven C. Preston appointed as CEO [37]
XPO LTL facility in Tomah, Wisconsin, formerly a Con-way Freight terminal. XPO is the second largest provider of less-than-truckload services in North America. [39] [40] LTL is a freight model which involves shipping smaller quantities of goods for multiple customers at a time. [41]
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In 2022, Flexport "raised $935 million in a Series E funding round that values the freight forwarding company at $8 billion". It has raised $2.3 billion since its inception. [ 12 ] In June 2022, Flexport announced that Amazon worldwide consumer chief Dave Clark would be joining Flexport as its new CEO.
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