Flexport, a global supply chain solutions provider, is reducing its headcount by 2% as part of a reorganization aimed at helping the company drive profitability.
Portex founder Brittany Ennix explains how logistics technology should be built for SMB shippers.
Digital freight forwarder Flexport has appointed Trine Nielsen as global head of ocean freight.
After raising funds with Wischoff Ventures, Freightmate Ai launches its first automated tool for freight forwarders.
Flexport’s Ryan Petersen talked about trends and forecasts in the freight industry at FreightWaves’ Future of Supply Chain event in Atlanta.
In this edition: The 2024 3PL study findings are out, and Convoy’s legacy lives on.
Flexport is expanding the Convoy Platform to brokers, aiming to drive growth and efficiency for brokers and carriers.
Peloton filed a complaint with the Federal Maritime Commission alleging that Flexport’s practices cost the fitness company millions of dollars in unreasonable detention and demurrage charges.
Analysts said Shein could help Flexport get a boost in volume and revenue that the firm has seen decreasing throughout the freight recession.
Flexport has launched the Convoy Platform, aiming to boost the logistics ecosystem for shippers, carriers and brokers.
Digital freight forwarder Flexport reportedly may let go of a large part of its staff after closing on $260 million in funding from Shopify.
After two consecutive years of negative growth, air cargo is shaping up for a rebound in 2024, according to the International Air Transport Association and industry experts.
Next year, U.S. importers must navigate canal restrictions, diversions from the Red Sea, more canceled sailings and, possibly, a port strike.
The White House recently publicized Flexport for facilitating purchases of sustainable aviation fuel because of the California connection to Asia-Pacific trade and sustainability, although the program isn’t particularly novel.
In this edition: New cold storage facilities across the country and needleless vaccine technology takes off
The Convoy saga has taken another turn as venture-backed freight forwarder Flexport announced Wednesday that it has acquired Convoy’s technology stack for an undisclosed sum. This comes after Convoy, which was valued at $3.8 billion from its final funding round 18 months ago, shuttered operations on Oct. 19.
Flexport’s acquisition comes weeks after the venture-funded trucking startup closed down. Convoy has some 400,000 truck drivers in its network.
Flexport has elevated a new management team after getting rid of CEO Dave Clark last month.
Logistics provider Flexport is moving ahead with a second round of layoffs this year.
Zerobroker’s fundraising round saw participation from freight forwarder Flexport, FundersClub and Streamlined Ventures.
