US logistics startup Flexport to lay off 20% of its workforce: reportFlexport is one of the most valuable US logistics startups, with $2.3 billion in funding so far and an $8 billion valuation. The company ac...
27 Jan, 2024, 09.26 AM IST
Half of Red Sea container fleet avoids route after attacksThe tally compiled by Flexport Inc. shows 299 vessels with a combined capacity to carry 4.3 million 20-foot containers have either changed ...
29 Dec, 2023, 10.13 AM IST
Flexport unveils ecommerce tools as returned CEO aims to regain profitabilityCompanies ranging from Shopify to Walmart have launched their own ecommerce platforms to compete with industry leader Amazon.com. Sellers w...
12 Sep, 2023, 04.06 PM IST
Rapid continues downsizing efforts, lays off additional 70 workersThe US-based startup Rapid (previously known as RapidAPI), which built out an API (Application Programming Interface) marketplace, has laid...
06 May, 2023, 01.29 PM IST
Shopify sells shipping service firm Deliverr, other assets amid narrowing ambitionsMost of Shopify's fulfillment assets will be acquired by logistics provider Flexport in an all-stock deal that also includes the sale of th...
04 May, 2023, 06.05 PM IST
Uber Freight laying off 150, about 3% of workforceThe division of rideshare company Uber Technologies said the layoffs will be limited to its digital brokerage operations that match shipper...
25 Jan, 2023, 09.55 AM IST
Strike at Port of Felixstowe set to upend supply chainsStarting Sunday, about 2,000 dockers at the Port of Felixstowe will go on strike for eight days, halting the flow of goods through the UK’s...
22 Aug, 2022, 04.58 PM IST
You can be both dull and innovativeIt’s not always a driverless taxi or a new smartphone that is significantly different from what came before. Often it’s taking a product or...
30 Jul, 2022, 10.11 AM IST
No slowdown yet: US import deluge tests supply chainLast week, the Port of New York and New Jersey reported that its June 2022 volumes were the second-highest in history, capping a torrid sem...
29 Jul, 2022, 10.27 AM IST
Amazon announces Doug Herrington as CEO of Worldwide Amazon StoresDoug Herrington joined the company in 2005, went on to launch AmazonFresh in 2007, and has led the company's North American consumer busine...
21 Jun, 2022, 10.42 PM IST
Amazon executive to serve as CEO of logistics companyDave Clark will begin his new role at the San Francisco-based company on Sept. 1, two months after he steps down from his current role as C...
14 Jun, 2022, 12.19 PM IST
Many VC firms ban side investing. Yuri Milner's DST encourages itDST Global doesn’t typically invest in young companies, so it allows the partners to do so individually or pool their cash. DST does this, ...
07 May, 2022, 02.16 PM IST
China lockdowns worry businesses as shipping uncertainty growsThe world’s supply chains are still being hammered by labor shortages and logistics challenges as the pandemic enters its third year — with...
16 Apr, 2022, 09.33 AM IST
Global supply chains near make-or-break point for easing in 2022From Europe to the U.S. and China, production and transportation have stayed bogged down in the early days of 2022 by labor and parts short...
25 Jan, 2022, 09.20 AM IST
Hiver targets helpdesk market with the launch of Analytics 2.0The analytics platform, one of the core requirements of customer support teams, will help teams track all the key metrics to measure custom...
07 Aug, 2020, 03.42 PM IST
Jeff Bezos, Marc Benioff back Uber of trucks Convoy nowConvoy, which shippers can use to request a truck, get instant price quotes and track drivers throughout pickup and delivery, said it's rai...
28 Oct, 2015, 10.08 AM IST
Ryan Petersen ships Uber plan to the seaUber Technologies is changing the way people move around cities; Flexport wants to do the same with stuff in the holds of container ships i...
13 May, 2015, 05.27 AM IST