Flexport

Flexport is a leading logistics technology company that revolutionizes global shipping through its cloud-based platform, providing end-to-end visibility for businesses. With an estimated revenue of $2.1 billion in 2024, a 30% increase from the previous year, Flexport's growth is largely driven by its ocean forwarding services, which account for about 50% of its total revenue. The company distinguishes itself by offering a comprehensive suite of services that includes customs coordination, cargo pickup, and freight rate negotiations, all accessible through an intuitive digital dashboard.

In 2023, Flexport expanded its capabilities by acquiring Shopify's logistics operations, significantly enhancing its e-commerce fulfillment services. This strategic move has already shown promising results, doubling revenue in the first two months of 2025 as e-commerce brands shifted operations to the U.S. due to new textile tariffs. Flexport's asset-light business model allows it to leverage relationships with carriers while maintaining operational efficiency across its five U.S. warehouses.

Valued at approximately $3.8 billion as of late 2024, Flexport aims to become the utility layer for global trade, aspiring to create a seamless infrastructure for all logistics participants. As it continues to innovate and expand its services, Flexport is well-positioned to capture a larger share of the rapidly growing e-commerce logistics market, paving the way for a more automated and efficient future in global trade.