Shopify experienced a 31% year-over-year increase in revenue during the second quarter, reaching nearly $1.7 billion, following the company's renewed focus on building e-commerce stores for brands.

Flexport is acquiring Shopify’s logistics business, which includes dozens of warehouses and sorting centers, as the digital freight forwarder aims to expand its e-commerce fulfillment operations.

Shopify’s fulfillment network has been stretched thin.