Air cargo market enjoys some calm before an expected Q4 storm
It has been a quiet couple of weeks in airfreight, owing to China’s Golden Week. Overall ...
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
US freight forwarding start-up Flexport appears to be on the verge of another enormous fundraising round, according to this report from Reuters. This time it is tapping a group of investors led by Japanese tech behemoth SoftBank, which is no stranger to the transport and logistics industry. Its most recent investment completed earlier this week when it ploughed $1bn into US autonomous delivery start-up Nuro. If Flexport reaches its new target, the report suggests it could be worth as much as $3bn.
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AF
February 18, 2019 at 12:31 pmCongrats to Flexport for finding another victim to invest in their bubble.