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Flexport

Read all the latest news about Flexport. ShippingWatch gives you independent, credible, critical and fair news.

Digitization has switched gears in the container industry

The closing of 300Cubits is not necessarily representative of the general progress in digitizing the container industry. A review of the most recent big initiatives shows that digitization is gaining a foothold in several places. Hapag-Lloyd's booking platform is one example.

60 percent of Flexport's customers feel the trade war

Increased tariffs from the US-China trade war have now affected 60 percent of freight forwarder Flexport's customers. Several customers have started moving their production to other countries. "It is really difficult to be a US importer right now," says CEO Ryan Petersen to Bloomberg.

Flexport's investors will wait a long time for a profit

Flexport wants to compete with the biggest freight forwarders, but with a course aimed at doubling the company's revenue year by year, the prospects of a profit are somewhat far off in the future. But the investors are fully prepared for this, says Flexport's COO in an interview with ShippingWatch.

Flexport to open offices in the UK and Denmark

Rapidly expanding Flexport will open in the UK and Denmark, says the US-based logistics company in an interview with ShippingWatch. Customer base played a big role in deciding the locations.

DSV: This is why we're better than Flexport

DSV has a clear edge compared to new digital players in the sector, says DSV Chief Financial Officer Jens Lund in an interview with ShippingWatch. But DSV is keeping a close eye on the US-based startup.

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