Comment / Ring the till – here comes the Bank of Flexport

Wells Fargo and Co. Express Banking House. Taken ca. 1860 National Park Service

Bank of Flexport has rather a nice ring to it. And it wouldn’t be the first freight forwarder to discover that banking is a better business than logistics. 

American Express (Amex) began life in 1850 as a forwarder, introducing financial and travel services during the early 1900s. Two years later the Amex founders, Henry Wells, William Fargo, and John Butterfield, co-founded Wells Fargo to provide services to the California Gold Rush. Its first offering was to transport gold, and operate an ...