Former Flexport/Amazon execs launch tech start-up for forwarders
You can’t keep a good techbro down. Former Flexport and Amazon executives have launched a ...
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
Flexport is trying to sub-let its Atlanta offices as it attempts to cut costs.
According to Bisnow, in 2018 Flexport leased 50,000sq ft at Bank of America Plaza, taking another 25,000sq ft in 2021. In cities, Flexport opted for central locations in a bid to attract tech talent. However, elusive profitability and various cost-cutting exercises have seen it ditch some of its larger, more expensive locations, including its London office which moved last year.
After CEO Dave Clark’s sudden departure, founder Ryan Petersen wrote on X: “We have way too much for our size – we rented space for a 2x bigger team. New official Flexport real estate policy is we don’t get new office space till there’s always a line at the bathroom in the current office space.” Bisnow reports.
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