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 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…”