Whether the shipment is going air, ocean, rail, truck, we can see where our shipments are and when they will arrive at their final destination. Ryan Petersen, Flexport’s CEO and founder, wrote in a blog yesterday that in 2018 Flexport doubled its top-line revenue to nearly $500 million, upped its headcount to nearly 1,000 employees, and broadened its geographic footprint to 11 offices and warehouses globally. Helpful (34) ... No opinion of CEO. The subscription styling service lowered its revenue forecast for the current quarter and fiscal year. ... Chief Technology Officer at Flexport, Startup Founder (2 exits), Angel Investor ... Chief Revenue Officer at Flexport Flexport Annual Revenue and Growth Rate. Market valuation: 3.2b: Source: Forbes February 2019; Show all financial metrics. Successful founders channel tenacity and ambition into the pursuit of a vision that can have outsize impact. L. No. Pros. The potential return on investment is more than 100%. Flexport General Information Description. In August 2018 Flexport was named the 8th fastest growing company in USA with a three year growth of 15911%. Flexport’s $1 billion injection retriggers scale questions Eric Johnson, Senior Technology Editor | Feb 21, 2019 1:30PM EST. You have huge capex, and comoditized product with margins on the each step of value chain being razor thin at best. Six-year-old Flexport generated $441 million in revenue in 2018 and has 1,600 employees and six warehouses in the U.S. and Asia, according to figures provided by the company, but has yet to turn a … References ($ Million) Growth Rate (%) # Employees; 2019: Details in Premium Report: 2018: 2017: 2016: 2015: 2014: 1-Year Growth Rate: 3-Year Growth Rate (CAGR): Note: Flexport's revenues are gauged from an analysis of … Flexport Funding, Valuation & Revenue. Flexport allowed us to be able to see shipments down to the SKU level and see the landed cost. Jan 2013 - Jun 2019 6 years 6 months. Flexport capitalization on the OTC market is $4.5 billion, and the share price is 10.35$. The round itself was led by SoftBank. According to Flexport, its 2018 revenue hit $441 million, doubling its 2017 revenues. Launched in San Francisco in 2013, Flexport lets customers track their freight a la Fedex. Flexport's latest funding round in February 2019 was reported to be $1.1 b. Summary. View Flexport (www.flexport.com) location in California, United States , revenue, industry and description. It’s called global trade. Growth At Flexport. I have been working at Flexport full-time for more than 3 years. The U.S. trucking market generates $260 billion in revenue, 20% of a $1.2 trillion global market. ... but overall expects the balance of 2019 to be soft. Global Digital Freight Forwarder Market Size, Status and Forecast 2020-2026 In August 2018 Flexport was named the 8th fastest growing company in USA with a three year growth of 15911%. ... than 1,000 employees between July and October of 2019. Flexport is the Modern Freight Forwarder. Chai Hua in Shenzhen | Updated: 2019-08-13 19:55 ... Flexport doubled its revenue to nearly $500 million last year and has expanded to about 10,000 clients and suppliers in 109 countries. Cons It has increased revenue by 25% every month in the 30 months since Flexport was founded, according to Petersen. Flexport, a San Francisco-based freight logistics startup, is laying off employees, or 3 percent of its global workforce. Freight forwarding service often used by companies that deal in international or multi-national import and export. According to Crunchbase, Flexport has raised over $1.3 billion in six rounds of funding. In 2018, the global Freight Forwarding Service Provider Services market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025. * This undertaking does not affect any limits Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") [Pub. Last year was a good one for the startup. Find related and similar companies as well as employees by title and much more. It expects revenue of $500 million in 2017. LinkedIn Top Startups 2019: The 50 hottest U.S. companies to work for no w. The 2019 LinkedIn Top Startups list reveals the 50 hottest companies where Americans want to work now. Convoy, founded by former Amazon executives, has raced to … July 20, 2019. Having trouble finding one... the name means something for now In the valley... until they become just another toxic joke of a company who once was important. Compare pay for popular roles and read about the team’s work-life balance. Detail Market Research Report on Global Digital Freight Forwarder Market with Industry Growth Analysis, Size, Trends and Forecast by 2026. 2019-05-01 Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number. Help Flexport grow revenueThe opportunity: . CEO Ryan Petersen tells JOC.com Flexport will use the new funding to build out its physical infrastructure and scale up its engineering team, not for mergers and acquisitions. Flexport has $225 million in revenue annually, and competes with iContainers, Freightos, and FreightHub, according to company insights provider Owler. As of 2017, Flexport has raised $94 million in venture capital from such investors as Peter Thiel’s Founders Fund , First Round Capital and Google Venture . 12.1.4 Flexport Revenue in Freight Forwarding Service Provider Services Business (2014-2019)) 12.1.5 Flexport Recent Development 12.2 Agility 12.2.1 Agility Company Details 12.2.2 Company Description and Business Overview 12.2.3 Freight Forwarding Service Provider Services Introduction Let me paste my previous comment about flexport with with some points why the valuation and market size estimates do not make sense: There are ~300m seaborne container trips a year at ~$2500 average price in an industry that is not covering its WACC. Flexport’s revenue was up 95%, to $441 million in 2018, Forbes’s Alex Konrad reported. | At Flexport, we believe a world that does business together is a better one. Refer to Appendix A of the publication for a summary of the updates. Started in 2013, we've raised over $1.3BN from investors that include the Softbank, Founders Fund, Google Ventures, First Round Capital, Bloomberg Beta, Y Combinator, & Wells Fargo. In 2019, Flexport was named to the 2019 CNBC Disruptor 50, CNBC's annual list of private companies that are transforming the economy, and Inc.'s Best Workplaces. Developer of a freight forwarding platform designed to provide visibility and control over the entire supply chain. trends 2019 Part of PwC’s 22nd Annual Global CEO Survey trends series ... a startup called Flexport has set up a cloud-based platform that analyses real-time global trade data and activities ... organisation’s revenue growth over the next 12 months is at a five-year low, In its latest Series D round (February 2019), the company was able to raise $1 billion. Flexport Operating Metrics. Flexport Revenue Est. Flexport helps more than 10,000 clients and suppliers lead all aspects of their supply chain operations. Flexport is a freight forwarding and customs brokerage company based in South San Francisco, California. 104-290, 110 Stat. In total, Flexport has raised $1.4 b. Flexport's latest valuation is reported to be $3.2 b. Uncover why Flexport is the best company for you. Our FRD publication on ASC 606, Revenue from Contracts with Customers, has been updated to (1) expand our discussion of the variable consideration allocation exception and add two illustrations and (2) add discussion of a recent technical correction to the Codification. Flexport is turning this "ancient" industry on its head. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. View all funding rounds Flexport Revenue. Flexport | 65,793 followers on LinkedIn. It has been a huge help for our team. This pushed Flexport’s valuation to $3.2 billion. Find out what works well at Flexport from the people who know best. [9] In 2019, Flexport was named to the 2019 CNBC Disruptor 50, [10] CNBC 's annual list of private companies that are transforming the economy, and Inc.'s Best Workplaces. Flexport's latest funding round in February 2019 was reported to be $1.1 b. In total, Flexport has raised $1.4 b. Flexport's latest valuation is reported to be $3.2 b. Considering Flexport's projected revenue of $1 billion in 2019, the current market value of the company is $15- $20 billion.