Forto axed 10% of staff, but is now 'lean' enough to weather the downturn
Digital forwarder Forto has been forced to cut its headcount by 10% globally in the ...
Covid has yet to squash the venture capital sector’s love affair with logistics – but chickens could come home to roost for digital forwarders relying on “subsidies”.
When the pandemic first hit, the sudden economic squeeze was expected to sort the wheat from the chaff in the log-tech start-up world, with new funding becoming scarce for all but the most successful players in an increasingly crowded market.
However, the reckoning is yet to materialise, according to Dynamo Ventures partner Santosh Sankar.
“There are ...
Amazon pushes into LTL for small package fulfilment and UPS does a u-turn
New senior management for DSV as it readies for DB Schenker takeover
Volumes set to 'fall off a cliff' as US firms hit the brakes on sourcing and bookings
Asian exporters scramble for ships and boxes to beat 90-day tariff pause
Temporary tariff relief brings on early transpacific peak season
'Tariff madness' will prompt renegotiation of ocean shipping contracts
Forwarders 'allowing the fox into the chicken run' by supporting 'hungry' carriers
Response to tariffs by Chinese importers may see extra costs for US shippers
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