Air forwarders face financial uncertainty – but 'there are opportunities'
Forwarders will be reducing their financial forecasts for the year, as “uncertainty has an adverse ...
By Alex Lennane
Flexport, the digital forwarder everyone loves to hate, has extended its air network to include Chicago.
The forwarder has dedicated air capacity with Western Global Airlines, which operates a Hong Kong-Los Angeles service, but last month it added an operation between Hong Kong and Chicago.
Despite a ...
Comment on this article
Andreas Kout
February 15, 2019 at 4:18 pmWhat has this company until yet brought to the table
only spending money and procuded a success story we donot see this
so why do they need now to raise 500 mio usd for what , we call they
American stupid investor money spendings, i havent see any return on this
or you?
A.Kout
AF
February 18, 2019 at 12:34 pmCongrats to Flexport for finding another investor to invest in their bubble.
Steve M
March 04, 2019 at 3:23 pmIt is definitely a smoke and mirrors operation – if it’s successful then why is it having to raise more money so quickly ?
Haven’t seen any innovation in their product offering so far other than cherry picking routes that should make money anyway without having to slash rates to get market share…
It would be good to see some solid figures, before more investors are sucked into the whirlpool of a bottomless pit …