Flexport aims to be profitable before long

US-based Flexport has just completed its second round of layoffs this year. Now the chief exec is setting a target date for when the company will be profitable.
Ryan Petersen founded Flexport in 2013. | Photo: Arnd Wiegmann/Reuters/Ritzau Scanpix
Ryan Petersen founded Flexport in 2013. | Photo: Arnd Wiegmann/Reuters/Ritzau Scanpix

After two rounds of layoffs this year and management changes, US freight forwarder Flexport is now setting a target for when the company will return to profitability.

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