Cargo 'held hostage' in Chicago, says Flexport's Ryan Petersen
“Dozens of motor carriers in the Chicagoland area have been holding loads of cargo hostage, ...
Stated mission: connecting the tech-freight dots.
Deal
Right before the CH Robinson Q3 23 conference call with analysts – which was held yesterday, 1 November, after the US markets closed – Flexport delighted the depressed M&A world with the announcement, signed off by leader Ryan Petersen to staff, that his firm would purchase “Convoy’s technology stack (…) planning to retain a small group of team members from their core product and engineering team”.
Petersen made clear that Flexport is not acquiring “Convoy the ...
New container volume high provokes major concerns over peak season
CMA CGM vessel loses 44 containers overboard as rough weather hits the Cape
What will stop ocean freight container spot rates reaching pandemic levels?
FMC halts Gemini alliance and demands more info from Maersk and Hapag
Prestige Falcon Houthi attack could be deadliest so far, with 16 crew missing
The age of alliance domination of east-west box trades may be over
Breathing space for shippers in a flat week for spot rates
US East and Gulf Coast dockers ready to 'hit the streets' in 80 days
Have spot rates reached their peak? 'We're not out of the woods yet'
EXCLUSIVE: 'Unfair' IATA CASS rules put 'severe financial strain' on forwarders
Scan Global gains a foothold in Brazil with acquisition of Blu Logistics
Airfreight rates ex-Asia 'surprisingly strong' through traditionally low period
Comment on this article