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
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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