Bill Driegert, head of trucking at Flexport, spoke Wednesday at the F3: Future of Freight Festival in Chattanooga, Tennessee, about technology that is transforming the trucking industry.
Former Amazon and Flexport executive Dave Clark has launched Auger, a $100 million-backed logistics software startup aimed at optimizing supply chain decision-making for midsize to large businesses by using AI and automation.
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.
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.
Founder Ryan Petersen will become Flexport’s executive chairman after a six-month transition.
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 current roster of FreightTech unicorns is made up of established companies run by veterans and backed by smart money.
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.
‘Data gives companies power. But, you need to extract it first.’
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.
The container ship now is expected to anchor in San Pedro Bay on May 1.
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?
The state of customers’ freight remains unknown as inspection of the 14,052-TEU vessel begins.
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.
Shipping by air got much more expensive when the coronavirus pandemic exploded in March. After moderating earlier this summer, another price spike is brewing.
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.
Big cargo planes are dumping cargo faster than O’Hare, LAX and other airports can process it. That could mean a longer wait for your new favorite gadget.
Face shields, gloves and hand sanitizer were yesterday’s hot airfreight product. Now the cool shipments that people need right away are yoga pants, bikes and hot tubs.
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.
Darren Prokop writes about the future of data in for-hire transportation. Data is information and can become knowledge.
Companies exposed to transportation, including 3PLs and freight tech startups, are adjusting to market realities.
