What’s driving today’s ocean shipping rates, and what’s in store for the 2024 peak season? According to Nathan Strang, Flexport’s Director of Ocean Freight, the answer isn’t so simple. “In an Econ 101 [approach to] ocean freight, the supply-demand curve doesn't quite work,” he shares. “It’s the inelastic nature of the market.” Alongside Logistics Management Magazine’s Jeff Berman, Nathan also discussed: • How the Red Sea crisis and rising demand are shaping inventory management • How labor tensions across East and Gulf Coast ports could upend future rates • What tariff hikes mean for pricing and import timelines • Why peak season came early this year, and what carriers and shippers can expect next Read the full interview here: https://flx.to/oceanchat
Flexport
Transportation, Logistics, Supply Chain and Storage
San Francisco, California 206,617 followers
About us
The technology platform for global logistics.
- Website
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https://www.flexport.com/
External link for Flexport
- Industry
- Transportation, Logistics, Supply Chain and Storage
- Company size
- 1,001-5,000 employees
- Headquarters
- San Francisco, California
- Type
- Privately Held
- Founded
- 2013
- Specialties
- customs brokerage, freight forwarding, global trade, logistics, software, data, analytics, cloud software, international shipping, supply chain management, digital freight forwarding, supply chain technology, supply chain tech, ocean freight, ocean shipping, air freight, air shipping, duty drawback, cargo insurance, and capital
Locations
Employees at Flexport
Updates
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🚛 Distribute Aid, a non-profit dedicated to delivering humanitarian aid, has leveraged Flexport to streamline its global operations. From disaster relief to ongoing support for vulnerable communities, this collaboration ensures the timely and efficient distribution of essential supplies. Taylor Fairbank, Co-Founder of Distribute Aid, highlights the impact: "Flexport has transformed our logistics operations, making our response to crises more agile and effective. Their support has been invaluable in reaching those in need swiftly." Discover how this collaboration is making a difference: https://lnkd.in/eD4TmAkZ
Distribute Aid Gets Vital Supplies Where They Are Needed Most - Fast
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🚨 Last chance to register for tomorrow's special Freight Market Update, including a deep dive into Port Congestion! Date: 25th June | Time: 15:00 BST / 16:00 CEST Speakers: 🎙️ Trine Storgaard Nielsen, Martin Holst-Mikkelsen, Camille (Chauvin) Carenton, Lasse Daene Topics include: 🚢 A deep dive into port congestion in Asia 🌍 Updates on Asia-Europe & Europe-North America routes 📈 Trade lane insights: rates, capacity, operations 💡 Recommendations on optimising your freight Sign up here: https://lnkd.in/dNyCv6uU
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Flexport reposted this
Shipping costs greatly impact your bottom line, customer satisfaction, and overall business success, but they don't have to. Lori Boyer and Ryan Leahy from Flexport are here to help you optimize your shipping costs and gain a competitive edge in our upcoming webinar next Wednesday. Register here -> https://lnkd.in/g47XG3Kn You'll walk away with these insights: 💡 Proven Strategies for Negotiating Better Rates: Uncover how to build strong relationships with carriers and negotiate the best rates. 💡 Leveraging Technology for Rate Comparison: Dive into the ins and outs of using shipping software and automated rate shopping tools. 💡 Real-Life Success Stories and Data: Learn from real-life examples of businesses that have successfully done it all. 💡 Optimizing Shipping Practices: Get tips on reducing packaging costs, optimizing routes, and selecting the right service levels to balance speed and cost.
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Looking good, Flexport Spain! 🇪🇸
🚀 Last week was truly special as we welcomed Ryan Petersen, CEO & Founder of Flexport to Flexport Spain. It’s not every day you have the opportunity to host the founder himself. We spent the day visiting clients, strengthening relationships, and gaining valuable insights, all alongside Nerea and Jaap. It was an enriching experience that highlighted the dedication and collaborative spirit of our team. #Flexport #FlexportSpain #FlexportBcn #TheNewWayToForward #Shipping #InternationalTrade #InternationalBusiness
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Another win for Team Flexport! 🙌 Last week, Flexport was named Overall eCommerce Solution Provider of the Year by SupplyTech Breakthrough. The program—which received thousands of global nominations this year—recognizes “innovative companies that address a true need, solve a complex or critical problem, or seize an opportunity [to] create or revolutionize a new market or industry.” We’re honored to be recognized alongside supply chain’s most dynamic leaders. Take a closer look at our end-to-end omnichannel and fulfillment technology here → https://flx.to/omni And while you're at it, check out the full winner list here → https://flx.to/stb24
Omnichannel Solutions | Flexport
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🚢 Join us for a special Freight Market Update webinar! 🚢 [📅 Date: 25 June 🕙 Time: 15:00 BST / 16:00 CEST] Our senior ocean experts Trine Storgaard Nielsen and Martin Holst-Mikkelsen will join for an additional segment to provide an in-depth analysis on a critical topic impacting global logistics: port congestion. Camille (Chauvin) Carenton and Lasse Daene will cover updates and recommendations on Asia-Europe and Europe-North America routes, capacity, and operations, and share some effective ways to optimise your freight. 🖊️ Register here: https://lnkd.in/eUcJxFpz
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In this week’s Freight Market Update, rates are expected to rise on the Trans-Pacific Eastbound (TPEB), with vessels departing Asia projected to be full through June. Asia’s primary loading ports continue to experience severe equipment shortages. Demand remains high on Far East Westbound (FEWB), leading to significant rate increases in the second half of June. Shippers are advised to book early and consider premium options for urgent cargo. Meanwhile, U.S. exporters face ongoing container challenges due to rerouting around the Cape of Good Hope and congestion at key ports in Asia and Europe. Check out the full update for more, and subscribe today to stay on top of the latest news and trends from around the industry. #supplychain #logistics #freightmarket #freightindustry #oceanfreight #oceancargo #oceanshipping #airfreight #aircargo #airshipping #trucking #intermodal #railfreight
Freight Market Update: June 20, 2024
Flexport on LinkedIn
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🌍 Today, on World Refugee Day, Flexport.org honours the resilience of refugees worldwide facing the dual challenges of displacement and climate change. In 2022, nearly 32 million people were displaced due to weather-related hazards, highlighting the urgent need for more sustainable supply chains. Through our marine biofuel programs, Flexport.org is committed to helping NGOs like KLABU and USA for UNHCR reduce their emissions footprint while ensuring essential goods reach those in need. Join us in supporting vulnerable communities and building a more sustainable future. #WorldRefugeeDay #ClimateAction https://lnkd.in/eH2y7Tbr
Flexport.org - Make Logistics a Positive Force for Social and Environmental Impact
flexport.org
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UPCOMING WEBINAR: On June 26, we’re continuing our Revolutionize Your Fulfillment series and spotlighting SHEIN Marketplace, US, one of Flexport’s newest marketplace partners. Alongside Wenjia Sun, SHEIN Marketplace’s Head of Business Development, we’ll discuss SHEIN’s recent U.S. marketplace launch, opportunities for merchants to scale their omnichannel strategy with Flexport and SHEIN, and how our new partnership can accelerate growth for businesses. Reserve your spot here → https://lnkd.in/e3AgPJsC #webinar #omnichannel #SHEIN #fulfillment #supplychain #logistics #ecommerce