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.

Adobe Stock 361324625

Alexis Asks: Safer Trucking for Future Drivers

Managing editor Alexis Mizell-Pleasant asks industry experts about various topics developing in the supply chain. Campaigns like Distracted Driver Awareness Month further the importance of staying focused and alert at all times while behind the wheel.

Women In Supply Chain Vertical Color

Nominations Close June 7 for 2024 Women in Supply Chain Award

This award recognizes female supply chain leaders and executives whose accomplishments set a foundation for women in all levels of a company’s supply chain network. Submissions close June 7!

Adobe Stock 207220202

SCN Summit: State of the Supply Chain

June 4, 2024

Register now to hear from experts about the State of Today’s Supply Chains through topics revolve around Warehouse Automation, Generative AI, Automation, Electrification, Company Culture and more.

Scharfsinn86 Adobe Stock 420080513

Transition to BEV for Long-Haul Trucking to Cost $1T: ATRI Research

While both renewable diesel and battery electric vehicle pathways have implementation costs, a new report from ATRI concludes that relying on BEV to decrease CO2 emissions is nearly six times more expensive than RD.

Olaf Simon Adobe Stock 350588461

Diesel Prices Put Shippers Conditions in Negative Territory

FTR’s January Shippers Conditions Index (SCI) fell into negative territory in February for the first time since September 2023.

Freshidea Adobe Stock 142658862

Geopolitical Volatility Prompts Elevated Container Leasing Rates

A year-to-date (YTD) analysis of global container leasing transactions by Container xChange shows a notable uptick in average rates since the beginning of 2024, indicating an uptick in demand for container leasing services,

Baltimore Bridge Christine Adobe Stock 769092028

How Baltimore Bridge Collapse Continues to Impact Shipments

Baltimore is running out of freight to pick up due to the lack of inbound shipments, so the containers at port have been sitting for a while.

Adobe Stock 337728198

Reveel Adds Additional Parcel Carriers to Shipping Intelligence Platform

Reveel, whose Shipping Intelligence™ Platform enables companies to level the playing field with carriers, announces that its platform now supports additional carriers beyond FedEx and United Parcel Service (UPS).

Adobe Stock 604973037

Why Software Solutions are the Key for Delivery Success

This is the year for delivery software and technology is only going to continue to improve and drive growth for businesses and consumers.

I Qoncept Stock adobe com

AxleHire Rebrands as Jitsu

AxleHire rebranded to Jitsu, signaling the determination to help brands improve the doorstep delivery experience, build customer loyalty, and drive greater customer lifetime value.

Penske Catalyst Ai

Penske’s AI Platform to Deliver Real-Time Insight into Fleet Performance

Penske Truck Leasing unveiled Catalyst AI, an artificial intelligence (AI) platform that delivers real-time insight into fleet performance.

Women In Supply Chain Vertical Color

Nominations Close June 7 for 2024 Women in Supply Chain Award

This award recognizes female supply chain leaders and executives whose accomplishments set a foundation for women in all levels of a company’s supply chain network. Submissions close June 7!

Adobe Stock 463333123

EVs Signal a New Shipper-Carrier Frontier

Commercial electric vehicles (EVs) are poised to transform supply chain management, fueled by shipper sustainability goals, technological vehicle advancements and regulatory pressures

Adobe Stock 455208394

Study Highlights Last-Mile Delivery as Key to Future Retail Growth

Incisiv and Veho release a study that spotlights the transformative role of last-mile delivery in today’s retail and direct-to-consumer (D2C)

Adobe Stock 376188834

Consumer Demand for “Real Time Retail” Shakes Carrier Market Share

Pitney Bowes Inc. releases its annual U.S. Parcel Shipping Index, which revealed significant shifts in the carrier competitive landscape and consumer behaviors in 2023.

Doubletree Studio Adobe Stock 225586230

Refrigerated Truckload Rates Fell in March

Spot truckload rates continued to slide in March as demand for trucking services moved toward typical seasonal levels, reported DAT Freight & Analytics.

Stock Supply Chain Photo

Global Trade Activity Indicates Rebound in Demand for Manufactured Goods

New data from Tradeshift's Q1 Index of Global Trade Health paints an encouraging picture for global trade, with robust growth observed in China and the United States, alongside indications of a rebound in global demand for manufactured goods.

Grispb Adobe Stock 325399959

AI-Powered Planning Tool for Shipping Liners

Bearing AI launched an AI-powered Deployment Planner to help liners better balance the complexities of environmental compliance with increasing demand for quicker transportation of goods and the need to meet profitability goals.

Kalyakan Stock adobe com

Escalating Middle East Tensions Trigger Surge in Freight Rates

As the situation unfolds in the Middle East, stakeholders are closely monitoring developments and preparing for potential impacts on global trade and shipping markets.

Quality Stock Arts Adobe Stock 507033815

Safeguarding Platform to Help Combat Fraud in Transportation and Logistics

Descartes Systems Group developed Descartes MacroPoint FraudGuard to help freight brokers, 3PLs and shippers identify and prevent fraudulent activities related to carrier information, load tracking, and shipment status.

L2 Charger Penske Truck Leasing

EV Roaming Hubs

SolidRoam built an electric vehicle (EV) roaming hub product that connects EV charging providers to each other through only a single connection point. This scalable, flexible, and modular software effectively “democratizes” the charge hub.

Generative Art Adobe Stock 609457865

Carrier Sourcing to Revolutionize Freight Brokerage Operations

Trucker Tools launched Carrier Sourcing, which empower freight brokers to source and vet new carriers with unparalleled confidence.

Kalyakan Stock adobe com

Smart Freight Planning Module

GoComet launched GoSchedules emissions tracking component, an addition to the company’s Smart Schedules module, to support logistics planning teams with climate goals.

Olaf Simon Adobe Stock 350588461

Fuel Costs Could Remain Drag on Trucking Conditions

FTR’s Trucking Conditions Index (TCI) for February fell to -5.31 from January’s reading of -1.41. A sharp increase in diesel prices was the principal factor in the deterioration in market conditions for carriers.

Baltimore Bridge Christine Adobe Stock 769092028

Baltimore Bridge Collapse Results in Severe Rating for Atlantic Ocean

Index data from ITS Logistics reflects the considerable demand shifts for the Ports of Norfolk, New York, and New Jersey due to the recent Francis Scott Key Bridge damage.

Hit1912 Adobe Stock 144569221

March U.S. Import Container Volume Continues Strong Trajectory

In March, U.S. container import volumes increased 0.4% from February, but jumped 15.7% when compared to the same month last year, according to research from Descartes Systems Group.

Annika Adobe Stock 589591429

Supply Chain Stability Improving Despite Ongoing Challenges: Study

Research from the Association for Supply Chain Management (ASCM) and KPMG LLP suggests a complete return to pre-pandemic normalcy remains unlikely in 2024 though.