Flexport: there's no Californian haze here
Californian troubles have not hit the disruptor
I had the pleasure of talking to Flexport chief executive Ryan Petersen yesterday soon after news emerged that the Silicon Valley disruptor had wrapped up a massive $1bn funding round via a consortium led by SoftBank’s Vision Fund.
Most of the feedback I have received from trade executives in the past 24 hours suggests, and rightly so, that $1bn in new financing is a truly outstanding achievement, particularly given the challenging, late-cycle market volume-led environment for 3PLs and 4PLs, which typically boast low capital expenditure ...
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