More cash to burn – Petersen’s search is on
Tic-toc, tic-toc, roadshow time
“The outside world has become fixated on Flexport.”
So said Steve Walker, founder of SBS Worldwide and chief executive of forwarder supplier SWG, in a speech to Canadian Forwarder Association CIFFA this week.
“I have respect for what Flexport ise creating,” he continued. “Yet, when you pull away from the headlines what is it?
“It is an online 3PL, with its own TMS, operational hubs, air charter contracts. And with country offices. And with staff. I think that adds up to another 3PL. And probably ...
Comment on this article
Andreas Kout
October 19, 2018 at 5:06 pmFlexport will surely feel the pain and the reduced volume availibility on the
Transpacific in 2019 and that´s there main market. Their model only works
for normal general simple cargo with reduced requirements. Thxs for the fact
that there is stil a lot of cargo out there ,which needs to be handled indivudally customized and dedication. This is surely not the cargo where a Flexport model works. Sooner or later they will feel the market power of the main players,
competitors, as what we know as Transpacific specialists which we are, they
are not competitive , in the top 20 on the Transpac and that only if the volumes they have distributed to the market is +-75.000 Teu´s what we honestly doubt too.
regards
A.Kout
Team Akclimited