Peloton Files Federal Complaint Against Flexport Over Unreasonable Charges
Peloton has lodged a complaint against digital freight forwarder Flexport with the Federal Maritime Commission, alleging that Flexport's practices resulted in millions of dollars in unreasonable demurrage and detention charges.
Peloton to cease manufacturing of exercise equipment by end of 2022
Peloton, the company popular for its at-home exercise bikes and treadmills, has announced it will no longer manufacture its exercise equipment due to deflating demand and the need for supply chain simplification.