Veho – a Canadian technology company which uses crowdsourced drivers for final mile delivery – is launching in Colorado.
From October 1st, 2018, Veho will offer same-day and next-day delivery services at highly competitive rates for retailers who ship into, and within the Greater Denver Area. Early clients include several e-commerce firms, as well as other local retailers.
Veho intends to use the Colorado market to continue improving its crowdsourced operation and further develop its technology, which makes it possible to harness “anyone in their own car” for dense final mile distribution routes. “We see great potential in making Colorado the logistics-innovation hub of the future, and excited about the opportunity to create new jobs in the area”, said Tom Schmitt – a key investor in Veho and the CEO of the publicly-traded Forward Air Corporation (NASDAQ: FWRD).
Earlier this year, the company concluded a successful pilot in Boston in which its crowdsourced drivers delivered 10,000 packages to consumer homes. The pilot proved both the cost-effectiveness of the crowdsourced model – reducing final mile delivery costs by up to 35%, and the value of providing complete visibility to the end-customer, resulting in increased customer retention for the brands shipping with Veho.