Flexport founder says ousted CEO lost customer focus, spending discipline
Flexport CEO Ryan Petersen says he has returned to rescue the company after Dave Clark wore out his welcome.
Flexport CEO Ryan Petersen says he has returned to rescue the company after Dave Clark wore out his welcome.
Build sustainable supply chains and achieve environmental goals with Flexport.org – Flexport’s impact arm that provides the technology and industry expertise for companies that are serious about combating the effects […]
Flexport has taken another step toward simplifying international freight transportation from manufacturing to e-commerce storefront.
Privately held logistics provider Flexport is acquiring the logistics assets of Shopify to provide complete order management and final-mile delivery services for customers.
Flexport projects trans-Pacific contract rates will decline around 70% from 2022 levels but still be around 30% above current spot rates.
Las corredurías o brokers de carga contrataron a demasiados empleados durante 2021 y 2022, y esa marea está cambiando ahora
Big names like C.H. Robinson, Uber Freight and Convoy have all cut staff in recent months. Here’s what’s driving the freight brokerage layoffs.
Flexport and Shopify are partnering on a new app designed to reduce the complexity of managing ocean shipments for small businesses.
El proveedor logístico da prioridad a las capacidades informáticas
Influential logistics provider Flexport says it will reduce its staff by 20% in the face of a looming global recession.
Andrew Clarke, the ex-C.H. Robinson Worldwide executive, would relish the opportunity to return as its CEO, according to sources.
Flexport is hiring top tech talent to scale up its digital logistics platform.
Container shipping lines are gradually getting their services back on schedule, but they still have a long way to go.
Flexport sees lower spot rates giving certain retailers a pricing advantage at the store.
Flexport is an international logistics provider that also acts as a bank for customers that need more liquidity when sourcing goods from overseas.
Measures of supply chain bottlenecks, cargo transit times, bookings and spot rates are all down, yet inflation remains historically high.
The outlook for trucking companies buying new or used Class 8 trucks can best be described like a 2005 Facebook relationship status — “It’s complicated.”
Flexport is taking a page from Amazon’s growth model. The logistics provider just hired its third executive from the Amazon tree.
Flexport has tapped another Amazon veteran for its leadership ranks as the logistics company moves to the next level of growth.
Ex-Amazon executive is seen as the more experienced operator that Flexport now needs.
The debate heats up on whether this is the beginning of the end of container shipping’s bull run.
The more ocean shipping is in the news, the more attention it gets from tech founders and investors.
Third-party logistics provider Flexport’s latest innovation: renting modified passenger aircraft for dedicated cargo service from a novice cargo carrier.
Natilus is developing robot cargo jets in four sizes and has orders from five customers.
The number of ships waiting off Los Angeles/Long Beach fell 23% over the past week.
No. 7 on FreightWaves’ 2022 FreightTech 25 is landing $935 million in a series E round led by Andreessen Horowitz and MSD Partners.
Barring an economic downturn, U.S. demand could still be squeezing ports a year from now.
Renting a plane to move cargo is expensive but necessary in these days of supply chain turmoil.
No letup yet: It’s taking even longer for Asian exports to get across Pacific to American buyers.
McDonald’s called in the air cavalry to overcome shipping disruptions that forced it to ration french fries in Japan.
It’s these kinds of advances that will push the industry toward complete visibility and decarbonization.
Shipping Asia-U.S. via regular ocean service and rail? “I would bet your goods will not arrive in time for Christmas,” says Flexport’s Nerijus Poskus.
With limited manpower because of COVID, the main cargo terminal at Shanghai airport can’t process many freighter flights.
Americans were expected to divert disposable income away from goods as the economy reopened to travel, lodging and entertainment. It isn’t happening, most observers say, and the supply chain implications are profound.
FreightWaves examines the challenges of drayage logistics and the technology companies that are overcoming them.
The vision of the collaboration is “for customers to be able to track their products from door to door and understand exactly what’s happening every step of the way.”
8VC was named top VC in Pitchbook’s Q1 2021 Supply Chain Tech Report.
How bad is it? A Vietnam-New York slot was just offered at $19,000 per FEU, reveals Flexport’s Nerijus Poskus.
West Coast congestion could last into the fall as retailers face stockouts on essential goods, says ocean carrier Matson.
Trans-Pacific container crunch is about to become even more severe, warns Flexport, with May sailings now effectively sold out.
Susy Schöneberg, the founder and head of Flexport.org, discussed monetary and time-saving benefits of sustainable operations as well as customer loyalty.
Digital freight forwarder Flexport can now link consignee order data to shipments from suppliers.
Container lines score huge negotiating advantage as spot-rate surge set to persist through annual contract season.
Ladingo’s growth suggests a segment of the market is not being adequately served by existing solutions.
Flexport is a technology company, more than a logistics operator. It uses technology to connect the dots for customers and freight transport providers so they can collaborate more easily.
Removal of dislodged containers is expected to take more than a month, and none of the 1,816 units that fell into the Pacific have been recovered.
Ocean carriers toed the line on capacity control in 2020. What does this new normal mean to shippers, yards and leasing companies?
The trans-Pacific surge will persist through Q1 and January could see all-time-high container volumes, predicts Flexport’s Nerijus Poskus.
Reefer capacity is extremely tight across the country and especially out of port markets.
Trans-Pacific spot index rates haven’t budged from the same peak band for the past 10 weeks. How is this possible in a competitive free market?
Sixty-four missing containers carried liquid ethanol, batteries and fireworks.
There will be no letup in booming container imports in 2020. The only question now is how long it lasts into 2021.
Surviving cargo that was bound for the U.S. now is headed back to Asia.
COVID vaccines will be the highest priority for air cargo companies, and that means other types of shipments could sit in warehouses waiting to catch a flight if space is short.
Asia-U.S. ocean freight rates are hitting record highs as import demand outpaces vessel supply.
vailable cargo space on outbound aircraft from China is starting to become scarce again. Shippers better hurry to lock up reservations for the late summer and peak season.
The platform moves toward customization based on job function.
Leasing companies say a neutral chassis pool lacks incentive to invest the tens of millions of dollars each year to maintain viable chassis equipment.
Shanghai Pudong Airport is getting crushed by heavy cargo volumes. Add to the mix a lot of red tape for export clearance and shipments are experiencing long delays and missed flights.
A perfect storm of events has created the mother-of-all cargo bottlenecks at Shanghai’s Pudong airport, where shipments sit at a standstill in crowded warehouses waiting for overwhelmed Chinese customs officers to inspect outbound PPE shipments.
Flexport CTO James Chen articulates his vision of the future of global trade technology.
Here it comes: Ports will soon feel full force of canceled box-ship sailings.
Big April gains at Southern California container terminals are deceiving.
The Justice Department said joint logistics operations among five American medical supply distributors to provide protective medical gear to virus hot spots does not violate antitrust law.
In the times of COVID-19, logistics companies are stepping up to help the industry in ways they can.
During a roundtable discussion, the CEOs of Convoy, Flexe and Flexport spoke about the coronavirus and the future of freight.
New service helps companies wade through turbulent trade waters.
FreightCaster Chad Prevost speaks with Susy Schöneberg, Head of Flexport.org at Air Cargo 2020 in Nashville, TN.
At the Air Cargo 2020 Conference in Nashville, Tennessee, we had the opportunity to catch up with Susy Schoneberg, head of Flexport.org, for one of our Fireside Chats. Flexport.org is […]
Liner delays put billions in inventory and assets on hold, leading to more efforts to quantify impact.
Having a private “airline” to move customers’ freight made sense two years ago when the market was robust and Flexport was less established in the logistics industry. Now, the company has enough muscle to compete directly for airline capacity.
FreightTech will be even more important and pervasive in 2020. Learn about some of the expanding trends in FreightTech.
Santa seems likely to leave some coal in the airfreight industry’s stocking this year, but some see 2020 turning to glitter if the industry can get past what is poised to be a difficult Q1.
The fast growing forwarder Flexport was awarded sixth place in FreightWaves 2020 FreightTech 25 competition.
Ben Thrower writes that venture capital funds continue to flow to digital freight brokerages, but legacy companies continue to fight back.
Freightos, the world’s largest freight marketplace, sees transparent pricing of international freight benefiting shippers and forwarders alike.
This year’s list includes 16 returning winners from last year’s awards and nine first-timers.
The joint venture between Delta Airlines (NYSE: DAL) and LATAM Airlines (NYSE: LTM) proposed last month was motivated by synergies on the passenger side, but analysts also see attractive opportunities […]
Freight forwarder Flexport acquired a startup that develops technology for tracking containerized goods. Burlingame, California-based Crux Systems said its technology “informs supply chain planning by driving actionable insights that can […]
Flexport’s head of airfreight believes a small bump in demand out of Asia could result from new U.S. tariffs, while higher fuel prices will push up air cargo costs.
FreightTech venture investing is super hot, but most of these startups continue to lose money. Is this a fad or something else? Last year, FreightWaves created a FreightTech Venture Index […]
How Flexport is managing the challenges of todays air cargo environment
Flexport’s customers have seen average landed unit costs rise by 30 percent due to tariffs.
Flexport hired a former White House trade and economic advisor in a bid to harness research from the digital first forwarder’s datasets and to help customers navigate the shifting sands […]
The total amount of investment during the first quarter – $1.6 billion – is more than half of the $2.9 billion in venture capital invested for the full year 2018.