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How is the article so off on "revenue" ("expects revenue of $500 million this year")? According to Forbes they do 7,000 shipments per month averaging $2k in val
by pbreit 9y ago
How is the article so off on "revenue" ("expects revenue of $500 million this year")? According to Forbes they do 7,000 shipments per month averaging $2k in value of which Flexport takes 15%. That's $2.1m/month ($25m annual run rate). Possibly they meant some sort of Gross Shipping Costs.