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Wow, that's a huge surprise. I hadn't heard of Flexport before, but they seem to be focused on global shipping. The company I work for ships almost all of its
by crote 4y ago
Wow, that's a huge surprise.
I hadn't heard of Flexport before, but they seem to be focused on global shipping. The company I work for ships almost all of its products internationally, and we have seen a massive price hike over the last 2-3 years. Some of it necessary due to rising costs, but we know for a fact that larger-volume customers are still getting lower prices.
Additionally, the well-known carriers still offer incredibly poor service - most notably when it comes to tracking shipments and providing proper updates. This seems to be exactly the market Flexport wants to tackle.
If they can't even compete in the current overheated market, something must be going seriously wrong at their end.
- anm89 4y agoThe market right now is FAR from overheated. In fact maritime shipping is collapsing right now. https://www.drewry.co.uk/supply-chain-advisors/supply-chain-expertise/world-container-index-assessed-by-drewry https://www.drewry.co.uk/supply-chain-advisors/supply-chain-... Both volume and rates are down roughly 80% YOY.
- WWLink 4y agoThat the companies are so sensitive to spikes and valleys in the market speaks louder about how badly run the companies are than anything else.
- icegreentea2 4y agoHow would you better run transport/logistics company to not be as sensitive to spikes and valleys as a typical current transport/logistics company?
- crote 4y agoTrust me, we're not seeing any of that in practice yet. Although that could be because we almost exclusively use air shipping.
- alsfjslkdfgj 4y ago[flagged]
- umeshunni 4y agoI understand why rates are collapsing. Why is demand / volume collapsing now? Because of slowdowns in China?