Flexport

Bill Driegert, head of trucking at Flexport, said that a new wave of technology is transforming the trucking industry. https://lnkd.in/e2vpQmGr

It’s time for our weekly Global Logistics Market Update! ??Trans-Pacific Eastbound trade lane: East and Gulf Coast routes are holding firm as most service strings remain fully utilized through November. ??Far East Westbound trade lane: Space remains constrained in the second half of November due to blank sailings and a growing roll pool. Carriers have announced another General Rate Increase (GRI) for December, with rates projected at $6,000–$6,200. ??Trans-Atlantic Westbound trade lane: Space remains tight in November and December across most carriers for both North and South Europe. New York remains the port in highest demand. ??Global air freight update: Global air cargo capacity remained stable compared to the previous week, with no significant changes reported. #supplychain #logistics #freightmarket #freightindustry #oceanfreight #oceancargo #oceanshipping #airfreight #aircargo #airshipping #trucking #intermodal #railfreight

We’re thrilled to share that Flexport has been named to the 2025 FreightTech 25 list! Each year, FreightWaves “honors the most innovative companies in transportation and logistics,” hand-picked by CEOs, industry leaders, academics, and investors. This is the sixth time Flexport has earned this prestigious honor since the list’s inception—and it’s a testament to the end-to-end technology we’re building to make global commerce easy for everyone. See the full list of winners here: https://lnkd.in/gVhrC55K

Today, Flexport Head of Trucking Bill Driegert sat down with FreightWaves CEO Craig Fuller at the F3: Future of Freight Festival in Chattanooga, Tennessee. Between the evolution of the digital trucking brokerage space and the state of the freight recession, the two industry veterans covered a lot of ground. Our key takeaways: ?? Technology has completely transformed the trucking market. With the rise of AI and automation, we’re seeing rapid democratization of tech tools and continued adoption among carriers since the pandemic. ?? Historically, for brokers, working with owner-operators has been one of the most challenging pieces of the puzzle. The Convoy app provides carriers an automated end-to-end experience, in turn giving brokers easy access to a vast pool of capacity and significantly lowering the costs of sourcing carriers. “In five years, this is going to be the model for every broker,” Bill said. ?? Freight fraud remains a massive headache for the industry. The Convoy Platform has built the best fraud prevention capabilities, in part because our app-centric approach allows us to leverage data to proactively weed out bad actors and create a safer and more controlled marketplace. ?? The relaunched Convoy Platform pivoted to enable brokers to use technology to source from a vast, reliable pool of carriers. “We can bring a lot of value to the market as a neutral platform connecting brokers and carriers,” Bill said. Miss the session at F3? Read more about what technology means for brokers and the trucking industry at large: https://flx.to/trucking-LI

Today, on #WorldChildrensDay, Flexport.org is proud to support UNICEF’s work in providing humanitarian and developmental aid to children around the world—especially those in disadvantaged and hard-to-reach communities. Since 2021, Flexport.org has collaborated with UNICEF Supply to deliver more than 4 million pounds of therapeutic food, hygiene supplies, water tanks, and other critical items to children and their families. Read more about Flexport.org’s work and partnerships here: https://flx.to/dot-org-LI #ForEveryChild #SuppliesSaveLives

We’re thrilled to welcome Daniel Sanvicente to Flexport, who will join us on December 2 as Senior Vice President, Head of APAC. He brings more than 25 years of leadership experience and deep expertise in the Asia-Pacific, where he will focus on strengthening Flexport’s regional presence. “I am excited to embark on my new journey with Flexport,” Daniel said. “What drew me to Flexport is its vision of leveraging cutting-edge technology to power global trade, which I believe has enormous growth potential.” Learn more about Daniel and Flexport’s growth in key APAC markets: https://flx.to/DS-LI

?? Don’t miss tomorrow (11/20)’s fireside chat at FreightWaves’ F3: Future of Freight Festival, featuring Flexport Head of Trucking Bill Driegert and FreightWaves CEO Craig Fuller! Join us at the general session stage at 1pm ET. Hear firsthand about the progress the Convoy Platform has made since its relaunch; why it built a tech-powered marketplace that connects brokers with a vast, reliable pool of carriers; and how AI is changing the game for the trucking industry. Check out the speaker panel here: https://flx.to/F3-LI And learn more about the Convoy Platform’s technology here: https://flx.to/convoy-LI

Flexport CEO Ryan Petersen sat down with fellow entrepreneur Alexa von Tobel for the latest edition of For Starters. There, Ryan explored Flexport’s origin story and evolving vision, plus: ?? How Flexport scaled its operations and technology from a customer-first standpoint ?? Questions surrounding globalization and geopolitics, including the ongoing Red Sea crisis and potential new tariffs ??How Flexport is harnessing AI to streamline and scale operations, lower costs, and improve the customer experience Logistics “is probably the industry that’s going to be most affected by AI—either positively or negatively, depending on whether you’re the one applying it or not,” Ryan said. Listen to the full episode here: https://flx.to/inc-LI

At last week's Sourcing Journal Fall Summit, Thomas P.C. Kempf, Flexport’s Senior Director of Global Air Freight, explored how potential changes to the de minimis rule may impact the cost structure of ecommerce businesses in 2025 and beyond. For bigger ecommerce players that ship by air, the potential changes could mean “around a 20% cost increase on a SKU-level basis,” Thomas explained. “And the bigger players would probably have more tools in the toolbox to absorb those increased costs.” ?? For more insights into the 2025 air freight market, check out our blog: https://lnkd.in/gsjinFm6

?? Tomorrow at 15:00 GMT / 16:00 CET- European Freight Market Update Webinar! ???? Led by ocean and air experts Lasse Daene and Camille (Chauvin) Carenton, this webinar will provide the latest insights and trends in the European freight market as well as discuss: - Impact of the U.S. Election on Air and Ocean Shipping – What President-elect Trump’s win means for Global Trade and international supply chains. - Ocean Alliance Reshuffling – A breakdown of the latest reshuffles and alliances in ocean freight and what they mean for you. - Early Peak Season before Chinese New Year – A sneak peek into what’s ahead for this year’s peak season, and how you can prepare. Sign up here ?? https://lnkd.in/e6f8ChU6