Reported 8 months ago
Delivered, a Strongsville-based parcel shipping company, has purchased most assets from Point Pickup Technologies after the latter's bankruptcy closure. The acquisition agreement, approved by a Miami-Dade County Circuit Court judge, includes assets such as customer lists, software, permits, records, website, and promotional materials. Analysts predict further consolidation among smaller delivery firms due to limited market demand and fierce competition from industry giants like Amazon and Walmart, leaving smaller companies struggling to survive in a challenging environment.
Source: YAHOO