About
Quay Express has developed a technology that allows the transfer of parcels in a city within a few hours for only $2 to $3, enabling affordable, same-day intercity deliveries. Traditional shipping services use the hub and spoke paradigm, which is very effective in line haul but cannot serve the same-day delivery needs of eCommerce, in which the last mile becomes very complex. At the same time, many same-day delivery services operate from point to point, and are therefore very expensive. Quay uses Physical Internet, a paradigm that utilizes the same logic of data networks in the physical transportation and logistics world. Quay aims to use the Physical Internet as a mesh network for deliveries, as it is fast and maintains shipping efficiency. A mesh network offers a middle path between the point to point and hub and spoke paradigms, enabling same-day delivery at a very low cost.
Company Intelligence Q&A
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- What is the primary business of Quay Express?
- Quay Express developed technology for affordable, same-day intercity parcel deliveries, aiming to transfer parcels within a few hours for $2 to $3.
- When was Quay Express founded?
- Quay Express was founded in November 2017.
- What is the operational status of Quay Express?
- Quay Express is currently inactive, having ceased operations in July 2020.
- Where is Quay Express headquartered?
- Quay Express is headquartered in Tel Aviv-Yafo, Israel.
- How many employees did Quay Express have?
- Quay Express had 8 employees.
- What technology paradigm does Quay Express utilize for its delivery service?
- Quay Express utilizes the Physical Internet paradigm, applying the logic of data networks to physical transportation and logistics to create a mesh network for deliveries.
- Who are the co-founders of Quay Express?
- The co-founders of Quay Express are Yossi Rabinovitz, Yitzchak Mushkin, and Carmi Raz.
- What is the current funding stage of Quay Express?
- Quay Express is in the Pre-Funding stage and has not reported any total raised USD.