It's a struggle for 'digital' forwarders, with 'poster boy' Flexport losing value
The proposed sale of ‘digital’ forwarder Forto, as well as EV Cargo, which also considers ...
Flexport, which last month invested in a tech-enabled truck brokerage, is reportedly in talks to buy Convoy’s technology, after the broker shut up shop this month – but another company is also said to be interested.
The move follows Flexport’s hiring of Uber Freight co-founder Bill Dreigert as head of North America six months ago, suggesting the company plans to develop this side of its business. Mr Dreigert was hired during the stewardship of ex-CEO Dave Clark, but unlike other top ...
European port congestion now at five-to-six days, and getting worse
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