Flexport

Dave Clark launches Auger, raises $100M for the AI venture

Dave Clark, a former Amazon and Flexport executive, announced Tuesday he has embarked on a new venture with the launch of Auger, a logistics software startup. Backed by $100 million from the investment firm Oak HC/FT, Auger aims to power supply chain management operations using AI and other automation to optimize decision-making for companies of all sizes.

Clark’s decision to launch Bellevue, Washington-based Auger comes after a dramatic exit from Flexport, where he served as CEO. Freight...

https://www.freightwaves.com/news/dave-clark-launches-auger-raises-100m-for-the-ai-venture

Flexport to reduce management, fulfillment workforce amid company shift

Flexport, a global supply chain solutions provider, is eliminating management positions and reducing the size of its fulfillment team, according to an internal memo first seen by The Information.

Flexport CEO Ryan Petersen told staff on Wednesday the company still had work to do to hit its growth and profitability goals and needed to “move faster to get there.”

“These changes will increase our velocity in that direction, and set us up for a successful next few years of profitable growth,”...

https://www.freightwaves.com/news/flexport-to-reduce-management-fulfillment-workforce-amid-company-shift

Former Flexport associate raises $6.5M for SMB freight management platform

Freight management platform Portex announced Thursday it has raised $6.25 million in seed funding to further develop its technology for small and midsize shippers. The funding round was led by Footwork VC, with participation from Cowboy Ventures and previous investors, Susa Ventures and Base10.

Founded in 2022 by Brittany Ennix, Portex was inspired by Ennix’s family background in manufacturing and her experience at Uber and Flexport, where she worked with midmarket clients.

In an interview with...

https://www.freightwaves.com/news/former-flexport-associate-raises-6-5m-for-smb-freight-management-platform

Flexport’s global head of ocean freight focuses on helping companies grow

Flexport has tapped Trine Nielsen as the global head of ocean freight.

Nielsen most recently oversaw Flexport’s Europe, Middle East and Africa ocean team as it navigated global challenges such as the Red Sea disruptions.

In her new role, Nielsen will lead Flexport’s strategy for the global ocean division and seek to enhance the company’s partnerships with ocean carriers worldwide. 

“I’m very passionate about solving problems for companies and seeing them become successful,” Trine told FreightWaves...

https://www.freightwaves.com/news/flexports-global-head-of-ocean-freight-focuses-on-helping-companies-grow

Freightmate Ai exits stealth mode with pre-seed funding and new tech

Freightmate Ai announced on Thursday that it has secured a pre-seed funding round led by Wischoff Ventures and is releasing its first automated solution.

The funds will be used to enhance the features of its freight forwarding management system, which is being developed by technology experts with experience from Geodis, Manhattan Associates, Amazon Global Logistics and Flexport.

“Freight forwarders coordinate global shipments from end to end from origin country to destination country, leveraging...

https://www.freightwaves.com/news/freightmate-ai-exits-stealth-mode-with-pre-seed-funding-and-new-tech

Flexport CEO says AI poised for big things in global supply chain

ATLANTA — Flexport CEO Ryan Petersen predicts that freight logistics will see a lot more AI usage, from ocean freight contract writing to other parts of the supply chain that currently involve manual input.

“In five years we will be talking about what AI has done, which is take stuff we thought wasn’t going to be automatable, that’s taken us 10 years to wrangle data to structured ways that we  can write scripts and algorithms to process and take some action against, and it’s turned out to be...

https://www.freightwaves.com/news/flexport-ceo-says-ai-poised-for-big-things-in-global-supply-chain

Check Call: Study highlights lingering disconnect between shippers, 3PLs

(GIF: GIPHY)

New year, new 3PL study from NTT Data, Penn State and Penske. This year’s study, aptly named “The Power of Partnerships: Exploring Collaboration Through Data and Innovation,” focuses primarily on the role of partnerships in the shipper and 3PL industry. It homes in on three key areas: the power partnerships provide, the flow of data and looking beyond the hype of technology – something we’ve all fallen prey to as the latest and greatest tech has come out.

How shippers and 3PLs...

https://www.freightwaves.com/news/check-call-study-highlights-lingering-disconnect-between-shippers-3pls

Flexport expands Convoy Platform to connect more brokers, carriers

Flexport announced Monday it is expanding the Convoy Platform for brokers by giving them access to thousands of carriers in its network across the country.

The global supply chain solutions provider acquired Convoy’s technology and intellectual property in November, after the digital truck brokerage shut down permanently in October.

The Convoy Platform was launched in February, aiming to build a one-stop shop to ship products around the world.

window.googletag = window.googletag || {cmd: []};...

https://www.freightwaves.com/news/flexport-expands-convoy-platform-to-connect-more-brokers-carriers

Peloton: Flexport wrongly charged millions in detention, demurrage fees

Peloton has filed a Federal Maritime Commission complaint against Flexport, alleging that Flexport’s practices cost the fitness company millions of dollars in unreasonable charges.

The complaint, filed this month, accuses digital freight forwarder Flexport of “wrongfully and unreasonably requiring Peloton to pay millions of dollars in unreasonable demurrage and detention charges.” Peloton used the company to handle its global logistics.

San Francisco-based Flexport transported Peloton containers...

https://www.freightwaves.com/news/peloton-flexport-wrongly-charged-millions-in-detention-demurrage-fees

Will Shein help propel Flexport’s future?

Global fashion retailer Shein’s latest announcement on LinkedIn revealed that its U.S. marketplace merchants can now integrate with Flexport’s fulfillment services, a move expected to drive growth for Flexport.

“With Flexport as our preferred logistics partner, we’re revolutionizing the way you manage inventory and fulfill orders. … From inventory management to sales, everything works together seamlessly to boost efficiency,” Shein said.

The partnership will enable merchants to manage their...

https://www.freightwaves.com/news/will-shein-help-propel-flexports-future

+ More