Flexport

US logistics startup Flexport is planning to lay off about 20% of its workforce in the coming weeks, The Information reported on Friday citing people familiar with the matter.Flexport did not immediately respond to a Reuters request for a comment.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIndian School of BusinessISB Product ManagementVisitIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitReuters had…

Flexport, a logistics company with $2.7 billion in venture and debt funding, is reportedly planning additional layoffs. That’s according to Information, which said the firm intends to eliminate around 20% of its roles in the next few weeks. Flexport communications head Liyan Chen declined to comment on the report in an email to TechCrunch. Flexport, which provides freight forwarding and brokerage services, announced similar cuts in October, when founder Ryan Petersen returned as CEO and slashed…

TechCrunch Mobility is a weekly newsletter dedicated to all things transportation Sign up here — just click TechCrunch Mobility — to receive the newsletter every weekend in your inbox. Subscribe for free. Welcome to TechCrunch Mobility – the same weekly newsletter you’ve been reading, but with a new name and a few changes. Don’t worry, this is still your central hub for news and insights on the future of transportation. This week, read about Amazon, EV startup Fisker, electric boats, a bunch of new funding deals and…

Welcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. Does freight logistics need a one-stop shop? That’s Flexport’s take, and maybe that’s one of the reasons why Convoy didn’t work out; however, it might be too early for this approach in Latin America. On a different note, investors still seem willing to support startups that help people drink less alcohol, as long as…

The US-based startup Rapid (previously known as RapidAPI), which built out an API (Application Programming Interface) marketplace, has laid off another 70 employees less than two weeks after letting go of 50 per cent of its staff, the media reported.According to TechCrunch, citing sources, only 42 people remain at the company, down from 230 in April, representing an 82 per cent decrease in headcount.The latest round affected all of the company's remaining employees in Europe, as well as some in the US.Moreover, the report…

Flexport is buying Shopify’s logistics-fulfillment operations, including U.S. e-commerce platform Deliverr, setting up the freight company to add home-delivery services that would compete with Amazon.com for retailer business. Shopify is also selling its 6 River Systems warehouse robotics operation to U.K. automated grocery-fulfillment specialist Ocado Group. Shopify, a Canada-based online retail-services platform that has struggled…

Logistics startup Flexport said it would cut about 20 percent of its global workforce as its new chief executive refocuses the business amid a sharp downturn in shipping activity. "Lower volumes, combined with improved efficiencies as a result of new organizational and operational structures, means we are overstaffed in a variety of roles across the company," Flexport said in a statement. The privately held company, which is one of the most valuable logistics startups, declined to say the number of employees affected by…

Freight forwarder Flexport Inc. is cutting about 20% of its global workforce, or more than 600 workers, as the digital-focused business copes with falling shipping demand and repositions its operations to offer more supply-chain services.The San Francisco-based company, which raised $935 million nearly a year ago in a funding round valuing the business at $8 billion, announced the layoffs Wednesday in a memo to workers from co-chief executives Ryan Petersen and Dave…

Ryan Petersen, chief executive officer of Flexport, participates in a panel discussion during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Wednesday, May 4, 2022.Bloomberg | Bloomberg | Getty ImagesGlobal supply chain woes have eased ahead of the holiday season, according to Flexport founder and co-CEO Ryan Petersen.Ports are less congested, and the cost of shipping goods has fallen significantly this year, Petersen said. The price of shipping a container from Asia to the U.S. is down…

Photo: Nick Laham / Allsport (Getty Images)Ryan Petersen, the CEO of a logistics tech company called Flexport, tweeted out a photo that went viral Monday, purporting to show a time when McDonald’s used supposedly healthier cooking methods. Petersen suggested the people from this allegedly ancient photo were much healthier than the people of 2022, insinuating it’s because they weren’t consuming seed oils, a currentboogeyman in the diet world. But just about everything in Petersen’s tweet is wrong or misleading.“This…