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Stock impact report

Freight Logistics Startup Convoy Sets Up Shop In Atlanta [Forbes]

Unilever PLC (UL) 
US:NYSE Investor Relations: unilever.com/investor-relations
Company Research Source: Forbes
FILE- In this July, 5, 2018, file photo, two jockey truck drivers pass each other in the container yard where rubber tire gantry load and unload 40-foot shipping container at the Port of Savannah in Savannah, Ga. (credit: AP Photo) After raising $182 million in a round of funding led by Alphabet, trucking logistics start-up Convoy is putting that money to use by establishing a base in Atlanta. Convoy provides a demand-based platform for companies to optimize the fragmented freight logistics market, which is experiencing a shortage of truck drivers. A centralized platform helps companies facilitate bookings between trucking companies and shippers, eliminating the middle-man brokers that they used to use. It struck a multi-year deal with Anheuser-Busch last year , and counts  Unilever, GE Appliances, and Land ‘O Lakes as customers. It plans to staff its new location with  operations, support, and account management teams to focus on supporting new and cur Show less Read more
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