The Ledger
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China shipping volumes plunged 60% before surging upon U.S. tariff relief
“Volumes from China collapsed, 60% down when, on April ninth, the day the duties hit, stayed down for five weeks, and then as soon as he relaxed, as soon as they, the Trump administration relaxed the duties on China to 30% instead of one 45, it surged to 80% ab…”
Flexport hired roughly 900 U.S. software engineers over 12 months
“I think we added 900 software engineers in 12, in like 12 months. Oh wow. And turned out, they're all in the U.S. Or almost all in the U.S., Seattle mostly. It was like very expensive people.”
Flexport is the only top-100 freight forwarder founded after the web browser
“We're the only one founded, only one in the top hundred in the world founded after the web browser was invented.”
Flexport reached profitability in 2022 as revenue peaked at $3.8 billion
“Like, we were, we turned profitable in twenty-twenty-two. Our revenue peaked at 3.8 billion because the price of freight was so high.”
Flexport flew 500 million PPE items on 88 passenger planes during COVID
“So we got all of this, we got 80, we did 88, I think it was 8788 passenger planes full of Masks in the overhead compartments in every seat, obviously the belly, and we just, we flew five hundred million masks and other object, other PPE items in for US Hospita…”