THE FUTURE OF GLOBAL LOGISTICS IN THE SHIPPING INDUSTRY
When Flexport got a billion dollars in funding in late 2018/early 2019, it sent shockwaves through the shipping industry. The company is little more than 6 years old. It entire premise is built on a couple of claims that seem tough to depend by old hands in the industry. The first is that freight is too expensive. But when one considers that it costs only $2000 or so to move 20 tons of cargo in a 40 ft container across the world, it’s hard to believe that even Flexport thinks it is too expensive
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