Flexport in Talks to Raise $500 Million

The company is currently valued around $3 billion.

February 21, 2019

Flexport Inc. is reportedly in talks to raise $500 million in a deal led by SoftBank, Axios reports. The company is currently valued around $3 billion.

In previous rounds, Flexport has raised nearly $305 million. The latest financing round was in April 2018.

The logistics providers has $225 million in revenue annually and competes with iContainers, Freightos and FreightHub, Reuters reports.

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CalAmp Welcomes General Manager of Edge Device Business

Personnel updates sees new appointments at CalAmp, Finnair, the retirement of Maureen Sullivan, global head of supply chain finance at MUFG, and more.

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8 Order Management KPIs Worth Measuring

September 17, 2024

In this webinar, Diana Eagen, director of sales- order-to-cash at Esker, shines a light on the most impactful OM KPIs for today’s B2B customer service teams.

Women in Supply Chain Forum: Ulta Beauty, Uber Freight, Coca-Cola to Lead Content Sessions

Register today for this year's Women in Supply Chain Forum, scheduled for Nov. 12-13 in Atlanta.

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Steady Demand for U.S.-Bound Shipments Keeps Container Prices at Bay

The global container shipping industry continues to witness an increase in freight demand for U.S.-bound shipments, according to 59% of supply chain professionals surveyed by Container xChange.

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CN, CPKC Rail Strikes Continue to Impact North American Supply Chains

Although it’s back to business as usual, for now, the ripple effects continue to impact the North American supply chain, according to project44.

Women in Supply Chain: Werner's Eileen Dabrowski Named Overall DEI Pioneer

Eileen Dabrowski, learning and development innovator at Werner Enterprises, was named the overall winner of the DEI Pioneer category for this year’s Women in Supply award.

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Trucking Wages Continue to Rise Despite Challenging Freight Economy: American Trucking Associations

Truckload drivers earned a median annual amount of $76,420 in 2023, a 10% increase over the previous two years.

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Raising the Bar on Driver Safety in the Last Mile

Creating a culture of safety for last-mile logistics delivery providers doesn’t have to feel like someone’s bringing the compliance hammer down on drivers.

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CalAmp Welcomes General Manager of Edge Device Business

Personnel updates sees new appointments at CalAmp, Finnair, the retirement of Maureen Sullivan, global head of supply chain finance at MUFG, and more.

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Rail Vision’s U.S. Patent to Revolutionize Rail Safety

Rail Vision Ltd. received approval for its U.S. patent for an AI-based railway obstacle detection system.

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Fluent Cargo Joins DP World to Revolutionize Solutions

Fluent Cargo has paired up with DP World CARGOES to offer Easy Shipping Tracking to customers, as global shipments continued to be susceptible to disruptions and delays.

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RobotPlusPlus Launches Cargo Hold Cleaning Robot

RobotPlusPlus launched HighMate C20 Cargo Hold Cleaning Robot, reaching up to 95% of the holds surface, all while protecting seafarers from the dangers of manual cleaning at heights.

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Women in Supply Chain: Freight Freedom's Lida Hakobyan Named Overall Rising Star

Lida Hakobyan, truck driver-turned entrepreneur and founder of Freight Freedom, was named the overall winner of the Rising Stars category for this year’s Women in Supply award.

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Princeton TMX Adds Barge Capabilities to Multi-modal TMS

Princeton TMX announces a strategic partnership with OpenTug to integrate OpenTug’s marine logistics capabilities into the Princeton TMX system.

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Beyond the Canadian Rail Strike: Alexis Asks

In the wake of the Canadian rail strike one thing is certain: The need for strategic planning is imperative for the real-life scenarios that continue to muddle logistics.

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Norfolk Southern Reaches Tentative Bargaining Agreements with Additional Labor Unions

These nine agreements underscore NS’ commitment to pay, healthcare, and time off for its craft railroaders.

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Logistics Industry Expresses Cautious Optimism Amid Market Uncertainty in Q4

Supply chain professionals express cautious optimism regarding revenue growth in Q4, despite an increasing awareness of potential risks, according to data released by BlueGrace Logistics.

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TrueTMS Launches Risk-Free Program for Tanker Fleets

TrueTMS announces a risk-free program for tanker fleets to implement new technology. The tanker segment of the trucking industry is accustomed to using outdated legacy TMS platforms.

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ChargePoint’s AI Solution to Enhance Driver Support and Improve Network Reliability

ChargePoint announced an AI-powered driver support tool to rapidly accelerate the diagnosis and repair of charging stations in the field.

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ProGlove Appoints Charles Jackson to Lead Expansion

Personnel updates sees new appointments at AFS Logistics, fabric and more.

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Inter-Americas Supply Chains Rank Most Important for Strategic Planning: Study

About 92% of survey respondents consider creation of dedicated inter-Americas supply chains to be important to their organization’s strategic planning, according to a study released by DP World, in collaboration with Journal of Commerce by S&P Global.

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Is Relying on Paper-Based Proof of Delivery Leading to Fraud and Lost Goods Costs?

Struggling with delivery fraud, theft, or customer disputes? Switch to electronic proof of delivery for a secure digital paper trail, complete with photos and GPS coordinates.

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Strong Air Cargo Demand Growth Extends into July

Total demand rose by 13.6% compared to July 2023 levels (14.3% for international operations). This is the eighth consecutive month of double-digit year-on-year growth.

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Why Aviation Manufacturers Must Embrace Data to Avoid Recalls

To transform aviation asset management and digital twin technology inside the aircraft and across the airport, manufacturers must first understand the challenges and potential for improvement.

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3 Tips for Implementing and Enhancing Warehouses with WMS

Sophisticated warehouse management solutions are a key lever to thriving in today’s ever-evolving business environment and have proven to deliver immense benefits.

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3PL Industry Posts Positive Gains for First Time in 2 Years

For the first time in two years, the 3PL market posted positive growth in total shipments, a 5% increase over Q1 2024 and 3.5% growth year over year, according to Transportation Intermediaries Association.

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project44 Launches Emissions Monitoring to Improve Supply Chain Sustainability

project44 announced Emissions Monitoring, giving shippers, carriers and logistics service providers (LSPs) the Scope 3 emissions insights necessary for optimized sustainability decision-making.