Air cargo market enjoys some calm before an expected Q4 storm
It has been a quiet couple of weeks in airfreight, owing to China’s Golden Week. Overall ...
XPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS HLAG: FOLLOW THE LEADERBA: RISKY STUFFKNX: UNCHANGEDWTC: RELIEF RALLY R: IN LINEDHL: AI PUSH IS HEREUPS: SCS BUSINESS ON WATCHUPS: RALLY MODE ON WTC: 'WHITE NOISE' TURNS INTO NEWSDHL: GREEN PUSH UPDATEKNIN: DOWN SHE GOESDSV: SOLUTIONS THE STAR PERFORMER DSV: DOWNSIDE REMINDER
XPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS HLAG: FOLLOW THE LEADERBA: RISKY STUFFKNX: UNCHANGEDWTC: RELIEF RALLY R: IN LINEDHL: AI PUSH IS HEREUPS: SCS BUSINESS ON WATCHUPS: RALLY MODE ON WTC: 'WHITE NOISE' TURNS INTO NEWSDHL: GREEN PUSH UPDATEKNIN: DOWN SHE GOESDSV: SOLUTIONS THE STAR PERFORMER DSV: DOWNSIDE REMINDER
Flexport founder Ryan Petersen is changing sides, becoming a partner of venture capital firm Founders Fund.
The fund is a leading investor in Flexport, of which Mr Petersen will remain executive chairman.
The fund was founded by Peter Thiel, who told Flexport’s favourite media outlet, Forbes, that Mr Petersen would be “an investor everyone wants on their team”. Another partner said Mr Petersen was a “titan”, “one of the most important figures in tech for our generation”.
When Mr Petersen, 42, resigned as CEO to make way for Amazon’s Dave Clark, he said he “tried hanging out”, but realised he wanted to work harder – albeit not via another start-up. But he admitted he would be a “rookie” at the fund.
Comment on this article