The compelling argument for a digital freight platform

© Baramee Thaweesombat

A blog by Kontainers, the platform for freight forwarders, has come up with some interesting numbers. It argues that, instead of seeing investment in freight technology as a cost, companies should look at it as a way to increase the bottom line value of a business. Using the example of Flexport, the blog notes that last year it moved 70,000 teu and had a value of $900m. But Apex Marine, bought by Kerry, in 2015 was valued at $175m, yet moved over 270,000 teu. That gives Flexport a market value some 19 times higher – or an implied value of $12,850 per teu moved versus Apex at just $650. An interesting argument.