Comment / Flexport + Shopify Logistics – it's a 'traditional venture capital playbook'

ID 56500012 © Paul Topp | Dreamstime.com

By Alessandro Pasetti

05/05/2023

A week that started for us with Mr Joy’s musings on California – “Burning – or dreaming or sinking?” – couldn’t enjoy any happier ending, than me gladly sharing this Friday our Premium feedback on the “big news“, in Flexport CEO David Clark’s own words, disclosed on Thursday, 4 May.

The San Francisco-based forwarder is acquiring Shopify Logistics (SL), including the business of San Francisco’s Deliverr, which was taken over by Canada’s Shopify last summer in a self-defined “Holy Ship!” deal ...

Comment on this article

You must be logged in to post a comment.

Topics

Deliverr Flexport M&A M&A radar Shopify Vertical consolidation

Most read news

Disappointing results for DSV – and Schenker integration will impact revenue

Panama gives in as US pressure on Panama Canal intensifies

Chaos swirls in wake of Trump de minimis move

More blanked sailings: 'Carriers will not sit on their hands while rates collapse'

Maersk paying $100,000 a day to charter scarce post-panamax box ships

De minimis cut won't hurt demand for Chinese ecommerce, but for air cargo?

Maersk eyes 'cut and run' moves as port congestion brings delays

Tariff truce for Canada and Mexico – China retaliates, but lightly

Gemini and logistics growth now the focus as APMM posts healthy profits

DSV hits back in 'bait and switch' case, claiming deal was not legally binding

India eyes dedicated container line to wean shippers off foreign carriers

How to process an extra million-plus parcels a day from China into the US

Five keys to 'successful freight forwarding in an uncertain world'

India pre-empts tariffs with import 'sweetener' for US cars and motorbikes

'Smart' containers could help beat drug smugglers and thieves

DSV drags down Kuehne as Schenker 'update' saves the day