Flexport

Flexport juices trade finance program with $200M credit line from KKR

A clipboard with business papers titled Trade Financing.

Flexport Capital, the trade finance arm of third-party logistics provider Flexport, announced Thursday it has secured a $200 million credit facility from insurance accounts managed by global investment firm KKR to support continued geographic expansion and development of more financial products.

Flexport’s suite of financial services provides importers and exporters with access to working capital for inventory and logistics expenses. Suppliers often require upfront payment for goods that can be...

https://www.freightwaves.com/news/flexport-juices-trade-finance-program-with-200m-credit-line-from-kkr

Si la presión de la cadena de suministro se alivia por fin, ¿por qué la inflación es tan alta? 

photo of supply chain contianers

¿Recuerdan cuando en 2021 la inflación era “transitoria” y el aumento de los precios al consumo se achacaba a la crisis de la cadena de suministro? La Fed y los inversionistas macro se interesaron intensamente por el caos en los puertos. El interés por los cuellos de botella impulsó al Banco de la Reserva Federal de Nueva York a crear en enero un nuevo barómetro llamado Índice de Presión de la Cadena de Suministro Global (GSCPI por su siglas en inglés).

La implicación era que si la presión de la...

https://www.freightwaves.com/news/si-la-presion-de-la-cadena-de-suministro-se-alivia-por-fin-por-que-la-inflacion-es-tan-alta

If supply chain crunch is finally easing, why is inflation so high?

photo of supply chain contianers

Remember back in 2021 when inflation was “transitory” and surging consumer prices were blamed on the supply chain crisis? The Fed and macro investors became intensely interested in chaos at the ports. The focus on bottlenecks spurred the Federal Reserve Bank of New York to create a new barometer called the Global Supply Chain Pressure Index (GSCPI) in January.

The implication was that if supply chain pressure reduced, inflation would ease. It hasn’t worked out that way.

The GSCPI (data here),...

https://www.freightwaves.com/news/if-supply-chain-crunch-is-finally-easing-why-is-inflation-so-high

Flexport taps Amazon pipeline again for operations leader

Workers with yellow vests checking inventory information in a warehouse with boxes stacked up on foor.

Incoming CEO Dave Clark is bringing in another former colleague from Amazon to help take high-flying supply chain startup Flexport to the next level.

The San Francisco-based freight forwarder has named Tim Collins, a former vice president of Amazon’s global logistics unit who spent the past 18 months as a top executive at instant delivery platform Gopuff, for the new role of senior vice president of operations, effective Sept. 12, a spokesperson told FreightWaves.

Collins will take over many of...

https://www.freightwaves.com/news/flexport-taps-amazon-pipeline-again-for-operations-leader

Flexport reunites ex-Amazon HR exec with incoming CEO Dave Clark

A woman with dark hair enters info into a digital pad while in warehouse. She is wearing a yellow safety vest.

Flexport, a rapidly growing logistics services provider out front in automating international trade processes in a central platform, said Thursday it has hired a former top executive at Amazon and close colleague of incoming co-CEO Dave Clark as chief human resources officer.

Darcie Henry will join the company, effective Oct. 24, after spending the past year in the same role at Snap Inc., the parent company of social media app Snapchat, the San Francisco-based freight forwarder announced. 

Before...

https://www.freightwaves.com/news/flexport-reunites-ex-amazon-hr-exec-with-incoming-ceo-dave-clark

With plenty of money and lots of runway, Flexport hands the reins to Clark

Flexport may not have needed a new hand at the tiller to take its business to the next level. Come Sept. 1, however, it’s getting one.

The hiring of Dave Clark, who departs his remarkable 23-year gig at Amazon.com Inc. (NASDAQ: AMZN) on July 1 to become the San Francisco-based freight forwarder’s new CEO, marks the end of an era, though a relatively brief one. For nine years, Flexport reflected the flamboyant persona of its founder, Ryan Petersen. It is now expected to settle into a more mature...

https://www.freightwaves.com/news/with-plenty-of-money-and-lots-of-runway-flexport-hands-the-reins-to-clark

Flexport nabs Amazon’s Dave Clark for CEO role

Amazon Consumer CEO Dave Clark

Dave Clark, the architect of Amazon.com Inc.’s transport and logistics business who announced his resignation last week, said Wednesday he will become CEO of Flexport, the global freight forwarding company, effective Sept. 1.

Ryan Petersen, privately held Flexport’s high-profile founder and CEO, will serve as co-CEO for the first six months, Flexport said. Petersen will then become the company’s executive chairman.

Clark will also join Flexport’s board of directors.

In his Twitter announcement,...

https://www.freightwaves.com/news/clark-to-become-flexports-ceo-in-september

Container shipping at the crossroads: The big unwind or party on?

container shipping

Is faltering consumer demand curbing imports, allowing port congestion to finally ease, releasing ship capacity and causing spot ocean rates to sink? Is this the beginning of “the big unwind”?

Or does waning West Coast port congestion stem from temporarily lower exports out of China due to COVID lockdowns, combined with a congestion shift toward East Coast ports? Is the economy still strong and the ocean freight market still fundamentally firm, with the port crunch to worsen in the second half,...

https://www.freightwaves.com/news/container-shipping-at-the-crossroads-the-big-unwind-or-party-on

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