Flexport is an international logistics provider that also acts as a bank for customers that need more liquidity when sourcing goods from overseas.
In April, dltledgers announced it had successfully applied this technology to a $12 million trade transaction with global food companies Cargill and the first large firm on its platform, Agrocorp.
The National Association of Manufacturers wants Capitol Hill lawmakers to pass another long-term extension of the bank’s charter before its Sept. 30 expiration.
Flexport’s customers have seen average landed unit costs rise by 30 percent due to tariffs.
