Flexport Stock

flexport.comIndustrialFounded: 2013

Flexport is a provider of global trade solutions and developer of a platform that clients use to move freight, clear customs, and make smarter decisions about their supply chain - all powered by a unique combination of technology, logistics infrastructure and expertise. 208 hours are saved on average every year by customers when they use Flexport over other freight forwarders, and 300K+ tonnes of greenhouse gases are offset, helping customers assess and mitigate their environmental impact.

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Team

Management Team

Ryan Petersen
Co-Founder & Co-Chief Executive Officer
Kenneth Wagers
Chief Financial Officer
Ben Braverman
Co-Founder & Managing Partner
Christopher Ferro ESQ
Chief Legal Officer
Will Urban
Chief Revenue Officer
Kevin Paige
Chief Information Security Officer & Vice President
David Clark
Co-Chief Executive Officer
Teresa Carlson
Chief Commercial Officer & President

Board Members

Michael Ronen JD
SoftBank Group
Rahul Mehta
DST Global
Trae Stephens
Founders Fund

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News

Flexport plans to build a truck brokerage operation to move goods more efficiently within North America, as the freight forwarder looks to build on its acquisition of Shopify’s logistics assets by extending its business into a factory-to-door distribution service.
Dave Clark, now nearly three months into the job as the sole CEO of Flexport, needed to make big moves fast. After laying off 20% of the company's staff in January and acquiring Shopify's logistics assets in May, few can deny he has done just that.
Shopify is selling its logistics unit to supply chain technology company Flexport, the companies announced Thursday. The sale marks a reversal for Shopify, which had spent years building out its own logistics and order-fulfillment operations. The unit includes last-mile delivery startup Deliverr, which Shopify purchased last May for $2.1 billion, its largest acquisition ever.
Updated on: Jun 4, 2023