Flexport under fire as Peloton claims 'unfair D&D fees' cost it millions
Exercise equipment specialist Peloton is pursuing a claim against Flexport through the Federal Maritime Commission ...
Several market reports indicate that San Francisco’s Flexport is looking to cut its workforce by about 20% – its third round of layoffs in less than a year.
The Information was the first media outlet to report the news. Meanwhile, FreightWaves reported that 500 employees may be affected.
Yet it’s unclear how many employees will lose their jobs.
(PS: on 31 Jan, Supply Chain Dive reported that Flexport” is again trimming its workforce — this time by about 15% as the company looks to cut back on costs and return to profitability,” according to a person familiar with the matter.)
'I'm scared', says Boeing whistleblower, after two others suffer mysterious deaths
Shipper frustration as spot rates rise alongside demand, and cargo is rolled
Asia-Europe ocean trades a nightmare scenario – 'unless you're a carrier'
Maersk raises surcharges as Red Sea risk expands and costs mount
Heavy speculation in China’s container shipping futures as Gaza War drags on
Rail strike looming in Canada: it will come 'at the worst possible time'
Flexport's newly liveried aircraft ready as business looks up
Q1 'better than expected' for Maersk – but 'there's more pressure to come'
Comment on this article