All Flexport articles
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NewsNeel Jones Shah leaves Flexport
Neel Jones Shah has left freight forwarder Flexport to focus on other business interests and travelling.Jones Shah has worked for the forwarder for almost eight years as it initially expanded rapidly but has more recently faced financial difficulties.His roles at the forwarder include global head of airfreight between 2017 and ...
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Transatlantic capacity withdrawal set to drive up rates
The transatlantic airfreight lane will have much less capacity from September due to the winter season and shifting of capacity to the Asia-Europe trade lane. Demand is expected to remain the same on Europe-US and US-Europe routes because there aren’t any major drivers for change in the US and Europe ...
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Flexport set for another round of job cuts
Reports suggest freight forwarder Flexport will make a third round of redundancies in just over a year.Tech publication The Information last week reported that the forwarder will cut 20% of its staff, equating to around 500 people.The company last year cut 20% of its staff in mid-January as it was ...
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Panama and Suez Canal double crisis threatens global supply chains
Persisting Suez Canal and Panama Canal-related supply chain delays and increased rates may see shippers and forwarders opting for air cargo.Shipping operations are currently being compromised by the need to avoid the Suez Canal due to the risk of attacks in the Red Sea, and restrictions on the Panama Canal ...
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Shippers and forwarders expected to target longer term deals in 2024
Shippers and forwarders are returning to longer term and fixed-capacity agreements as the air cargo market continues to normalise.In a recent market update, Flexport vice president and global head of airfreight Zeid Houssami said that part of this switch to longer fixed-capacity contracts was partly driven by the rise of ...
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WestJet Cargo and Flexport partner on Canadian airfreight exports
Canadian airline WestJet Cargo has partnered with supply chain logistics platform Flexport to widen the reach of Canadian airfreight exports into Asia.Under the agreement, Flexport will ship Westjet Cargo's export cargo to key Asia hubs via its existing dedicated freighter network.WestJet Cargo will deliver Canadian cargo to Chicago O’Hare International ...
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Flexport adds SAF option to forwarding platform
Freight forwarder Flexport has partnered with climate change tech firm Chooose to add an option to utilise sustainable aviation fuel (SAF) to its platform.Flexport customers will have access to the SAF option within the forwarder's sustainability dashboard.The book and claim model will enable customers to purchase SAF certificates that can ...
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Flexport confirms it will cut its global workforce by 20%
Flexport has confirmed it will shrink its global workforce by "approximately 20%" as part of its plans to cut costs in a move that follows a series of changes at the company.Recently back at the helm of Flexport, chief executive Ryan Petersen said in a blog post on October 12: ...
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NewsFlexport restructuring to have "minimal impact" on European employees
Flexport's head of Europe has moved to reassure employees based in the continent that the firm's upcoming restructuring will have minimal impact on them.Last week, Technology publication The Information reported that the freight forwarder was planning to layoff as much as 30% of its workforce - around 1,000 employees - ...
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More jobs to go at Flexport?
Reports suggest freight forwarder Flexport could layoff as much as 30% of its workforce as it looks to drive cost discipline.Technology publication The Information reported that the forwarder was looking to layoff around 1,000 people, with newswire Reuters later reporting sources quoting the same figure.Flexport told Air Cargo News that ...
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Clark hits out after Flexport exit
Former Flexport chief executive Dave Clark has declared the company is "facing serious internal and industry challenges" following his sudden departure last month.Clark, who previously spent more than 12 years working at Amazon, resigned from the chief executive role last month after just one year in service.Flexport founder Ryan Petersen ...
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Reports: Flexport CFO out?
Flexport has reportedly ousted its chief financial officer Kenneth Wagers only weeks after chief executive Dave Clark made a sudden exit from the firm.This is according to media reports from The Wall Street Journal and other publications.Wagers took up the role in 2021 and was tasked with defining Flexport’s financial ...
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More signs of a 'firmer' air cargo market
There were further signs that the air cargo market was firming up last week after more than a year of demand declines.The latest weekly figures from data provider TAC Index show that the overall BAI airfreight rate index last week increased by 4.8% on the previous seven days.Meanwhile, the year-on-year ...
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Is the air cargo market finally showing signs of improvement?
Emerging reports suggest that the air cargo market may finally be showing signs of a slight improvement after a year and a half in the doldrums.The latest market report from data provider WorldACD shows that air cargo demand last week increased by 4% on the previous seven days, which itself ...
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Flexport adds new end-to-end e-commerce tool
Flexport has launched a new e-commerce tool for online firms that allows them to manage the supply and delivery of goods.The freight forwarder, which last week saw chief executive Dave Clark suddenly leave his role, said the new tool offers stock replenishment directly into Fulfillment by Amazon (FBA), Walmart Fulfillment ...
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Flexport withdraws 75 job offers after sudden Clark exit
Flexport is rescinding job offers for more than 75 people after they were offered positions during a hiring freeze just a day after chief executive Dave Clark suddenly left the firm.The company's returning chief executive, Ryan Petersen, said in a social media post that the company was "rescinding a bunch ...
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Petersen back at Flexport as Dave Clarke departs
Ex-Amazon executive Dave Clark has left his role as chief executive of Flexport with Ryan Petersen stepping back in to run the company.Clark took up the role in September 2022 as the forwarder looked to expand in e-commerce and fulfillment.In a social media post, Clark said that Petersen had changed ...
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Older freighters starting to leave the market
Older freighters are being taken out of the transpacific market as they become increasingly uneconomical due to lower rates, according to Flexport.Speaking during a webinar, Flexport president ocean and air Sanne Manders said that the current market was characterised by low demand but added that carriers are starting to "rightsize" ...
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Flexport founder joins the firm's funder
Flexport founder and former chief executive Ryan Petersen has joined a San Francisco-based venture capital firm that is a source of funding for the logistics technology platform.He confirmed the move to Flexport investor Founders Fund in a post on his personal Twitter account.I have joined Founders Fund. If you are ...