Starting June 1st, 2023 Our warehouse fee will be $0.65/cubic foot per month
In effort to lower the warehouse storage fee during inflation, we have went narrow aisle racking.This construction took us four months but the project is finally completed. With narrow aisle racking, we are able to drop storage by 24%.We as partners will go through this inflation together.
01/30/2024
Logistics startup Flexport Inc. is set to reduce its workforce by laying off hundreds of employees, marking the company's latest move to adapt to the challenges posed by a global shipping industry slowdown. An anonymous source familiar with the matter revealed that the cutbacks will affect less than 20% of Flexport's workforce, which currently stands at approximately 2,600 employees. This decision follows a recent $260 million investment from Shopify Inc. in the form of a convertible note, reinforcing the ongoing collaboration between Shopify and Flexport, which saw Flexport acquiring Shopify's logistics business in the previous year.