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Bezos-Backed Startup Convoy Closes Operations With No Buyer

(Bloomberg) -- Convoy Inc., a Seattle-based trucking startup whose investors include Jeff Bezos and Bill Gates, is closing down its business after a four-month search for an acquirer failed, its founder and Chief Executive Officer Dan Lewis told employees in memo Thursday informing them, “Today is your last day at the company.”Most Read from BloombergWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Biden’s Influence Turns Israel's Ground War Plans Into &#x2018...
San Francisco United States Jeff Bezos Dan Lewis Reid Hoffman Bloomberg Businessweek
Source: yahoo.com

Bezos-Backed Startup Convoy Prepares for Sale, Slashes Jobs

(Bloomberg) -- Convoy Inc., a Seattle-based trucking startup whose investors include Jeff Bezos and Bill Gates, will slash hundreds of jobs in the coming days as it prepares to woo prospective buyers, according to a person familiar with the matter.Most Read from BloombergBiden Vows Aid for Gaza, Backs Israel Over Hospital BlastHospital Blast Kills Hundreds as Israel, Hamas Trade BlameTesla’s Runaway Growth Faces Reality Check in Turbulent EconomyQQQ Advances in Late Trading as Tesla Rebou...
San Francisco United States Dara Khosrowshahi Bill Gates Marc Benioff Bloomberg Businessweek
Source: yahoo.com

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Amazon's former delivery guru wants to solve the 'middle mile'

El Intransigente Scott Ruffinโ€™s startup, Pandion, aims to ease delivery cost and congestion for the competition. Compรกrtelo: Scott Ruffin was trying to make Amazon.com Inc. a shipping powerhouse. He spent five years building out home-delivery operations for the e-commerce giant, reducing its dependence on services such as FedEx Corp. and United Parcel Service Inc. Now Ruffin wants to do it on his own. Introduced in stealth mode in September with $5 million in seed funding, his startup Pand...
Julian Counihan Scott Ruffin Harpinder Singh Chris Caton Karl Siebrecht United Parcel Service Inc

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