Flexport

supplychaindive | October 10, 2017

Flexport confirmed it had raised $110 million in Series C funding, bringing its post-money valuation to $910 million, Tech Crunch reports.The new cash will provide Flexport the opportunity to expand its services beyond freight booking, into trade financing, with the help of new-backer Wells Fargo Strategic Capital.The goal, according to CEO Ryan Petersen, is to create a "seamless web of commerce." The company already uses digital tools for freight brokerage, but now also seeks to help ...

supplychaindive | November 21, 2017

New product launches, flight cancellations and peak shipping season e-commerce growth have inspired freight forwarder Flexport to charter independent cargo flights from Hong Kong to Los Angeles, according to a company blog post. The first flight departed Hong Kong on November 19, carrying 375 pallets of cargo. A 747 400 plane was chosen for the maiden voyage. The company expects to continue with this offering beyond the 2017 holiday season. The service will become permanent come 2018, providing ...

Logistics Management | July 31, 2019

Flexport Capital recently released a financing solution to help alleviate the working capital constraints caused by the U.S.-China tariffs. According to the company, a suite of trade finance solutions, Flexport Capital helps businesses – especially “fast-growing companies” – keep their capital working for them. Dan Glazer, Flexport Capital’s vice president, said in an interview that small-to- medium-sized enterprises are being served by this new offering. “It&...

XPO Logistics | January 17, 2020

As one of the largest providers of transportation and logistics services worldwide, XPO Logistics serves over 50,000 customers. Supply Chain Digital takes a closer look at the firm. The company offers a range of different solutions. These are: drayage, expedite, full truckload, global forwarding, intermodal, last mile, less-than-truckload, managed transportation. With around 202mn sq.ft of facility space, XPO Logistics is considered one of the largest logistics providers worldwide. The organisat...