Flexport

Author: s | 2025-04-24

Notable Flexport News. : Flexport Cuts More Jobs : Flexport Raises $260 Million from Shopify : Flexport in Talks to Buy Convoy’s Technology : Petersen Sets Long Timetable for Profits, Public Offering Older news About Flexport. Flexport is a software-as-a-service (SaaS) global logistics company that helps

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Unlock stock picks and a broker-level newsfeed that powers Wall Street. At the forefront of the launch are Flexport Intelligence with an AI Insights Builder, and Flexport Control Tower expanding supply chain visibility and management capabilities. , /PRNewswire/ -- Flexport, the global leader in supply chain technology, today announced its first Winter Release, launching more than 20 tech and AI-powered products designed to transform global logistics. The highlight of the release is Flexport Intelligence, which allows businesses to ask questions in natural language and receive immediate insights about their supply chain performance. Flexport customers can use this AI-powered tool to build reports and create dashboards with no technical skills required, making it extremely easy for operations managers to take control of their global supply chains. Flexport powers your supply chain from factory floor to customer door – making it easy for you to ship anywhere, sell everywhere, and grow faster. Another major announcement within the release is Flexport Control Tower, which allows businesses to use Flexport's supply chain technology even for shipments where another carrier or forwarder is contracted to move the freight. "By launching these powerful new AI-driven supply chain products to thousands of companies around the world, Flexport has immediately become the largest provider of AI tools for global supply chains," said Ryan Petersen. "While many startups are emerging to provide AI tools for logistics, they lack the data required to train the AI models and struggle to sign up customers to use their technology. Our scale as one of the largest logistics providers in the world gives us huge advantages in both creating the technology and getting it into the hands of businesses operating in the real world." Flexport will build the smartest supply chains in the world. Flexport is uniquely positioned to harness AI's full potential,

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Combining proprietary data, enterprise-scale operations, and AI-ready tech platforms to make new innovations easily accessible to customers. "Flexport has been leveraging AI for years, but with the explosion of large language models and new open-source tech, we're able to innovate faster than ever before," said Petersen. "AI is incorporated throughout the new products and features you'll see today. Our vision is to make global commerce as simple and reliable as flipping a light switch, and today's technology release is the clearest sign that we're well on our way to bringing that to life." Flexport Intelligence consolidates fragmented data into easily accessible, actionable insights. Flexport Intelligence allows businesses to ask complex logistics questions in simple terms and receive instant answers and interactive reports. The business is also enhancing Flexport Fulfillment's AI Demand Planning and Inventory Placement solution. Using advanced AI models, Flexport can process a multitude of client and industry data points to optimize inventory distribution across the Flexport network, ensuring we allocate the right levels of inventory as close to consumer demand as possible. The company is also expanding its use of AI Voice Agents, deploying them to work with carriers to improve quality and efficiency in its behind-the-scenes operations.

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Struggle to manage profitability amid these changes.Flexport Ocean Timeliness IndicatorThis week, the Flexport OTI is showing minor fluctuations. China to the U.S. West Coast has exhibited a small drop, China to the U.S. East Coast has shown a small uptick, and China to North Europe has plateaued.Week to December 9, 2024This week, the Ocean Timeliness Indicator (OTI) has dropped for China to the U.S. West Coast, falling from 36 to 35.5 days. China to the U.S. East Coast has shown a minor uptick, moving from 62.5 to 63 days. Meanwhile, China to Northern Europe remained stable at 70.5 days. Please direct questions about the Flexport OTI to press@flexport.com.See the full report and read about our methodology here.The contents of this report are made available for informational purposes only. Flexport does not guarantee, represent, or warrant any of the contents of this report because they are based on our current beliefs, expectations, and assumptions, about which there can be no assurance due to various anticipated and unanticipated events that may occur. Neither Flexport nor its advisors or affiliates shall be liable for any losses that arise in any way due to the reliance on the contents contained in this report.About the AuthorSign Up for Global Logistics UpdateWhy search for updates when we can send them to you?Related ContentBLOGGlobal Ocean Carriers Halt Red Sea Transits – What to ExpectRead MoreBLOGHapag-Lloyd & Maersk Announce the Gemini CooperationRead MoreBLOGLogistics RFP Planning: How To Run A Value-Driven RFP [Downloadable Guide]Read More

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Ready for pick up (known as the cargo ready date [CRD])Review the final checkout page which contains a complete summary of your inbound order, a breakdown of your total cost based on the services you previously selected, and the service we recommend for your shipment based on the information you providedIf you'd like to see alternative services, simply click Change service beneath the recommended service to view all your optionsCustoms is included by defaultInsurance is optional and is based on your cargo valueUnder Distribution, you can select how you want your products to be distributedReplenish on demand means that the product will go into our storage and replenished to your selected channel as neededYou can also have Flexport handle the prep and ship to your selected channel, or you can handle the prep and have us send the cargo directly to your selected channelAs a Flexport Plus member, you will also have access to Flexport Capital, which gives you the opportunity to leverage our financing productsEnter a valid payment methodClick Book Shipment, and you will have created your first inbound!After creating a shipping plan, all boxes will need to be packed as stated in the shipping plan in order to avoid non-compliance charges and receiving delays when your shipment arrives at a fulfillment center. In the shipping plan process, you download and print all your labels and packing list, attach these to the correct boxes, and work with your carrier to send them to Flexport.Note, we do not cosign for

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Whether they charge per pallet, bin, or cubic meter, more space means higher costs.You can reduce storage fees by:Making your product packaging more space-efficientUsing just-in-time (JIT) inventory management to ship stock to distribution centers just before it’s neededConsolidating warehouse shipments to reduce handling feesOutsourcing fulfillment for fast-moving items while self-fulfilling slower inventory Fluctuating labor costsMost businesses don’t sell at a consistent rate year-round. Even if you don’t sell seasonal products, events like Black Friday drive order volume changes. During busy seasons, fulfillment services hire extra staff and often pass these costs to retailers through peak season surcharges. For example, Amazon recently announced a 7% increase in US fulfillment fees for shipping a t-shirt in a large standard box during peak season.Inconsistent order volumesFulfillment providers typically offer better rates for higher order volumes. This can be challenging for seasonal businesses—like a sunscreen retailer who’s busier in summer than in winter. Since your usage isn’t consistent, 3PLs might hesitate to offer bulk discounts. Consider hybrid fulfillment to manage these costs. You can handle off-season orders yourself and use a fulfillment provider during busy periods, only paying for their service when you need it most.Shopify merchants using Shopify Shipping benefit from always getting the best shipping rates regardless of order volume.Returns management costsAbout 17% of online purchases get returned, and processing these returns costs money—whether through employee time or fulfillment provider fees.To reduce return costs:Lower your return rate with protective packaging and detailed product information and photosOffer self-serve returns to cut labor costs Consider charging for returns to offset processing costs Let customers return items to local stores to avoid 3PL return feesCreate a professional return policyProtect your business and give customers confidence with Shopify’s free refund and return policy generator.Create policyChoosing a 3PL provider to reduce fulfillment costsIf you’re planning to outsource fulfillment to streamline your inventory management and shipping, consider these four key factors when selecting a provider:1. Software integrationLook for a 3PL with a warehouse management system that fits your business needs. The best providers integrate with your existing tools, such as customer relationship management (CRM) software or inventory management systems. Make sure the 3PL’s software can grow with your business.2. Strategic locationA 3PL with warehouses near your customers helps reduce shipping costs and delivery times. For example, the Shopify Fulfillment Network connects your store with Flexport, which has distribution centers across the US. This way, you can store inventory closer to customers, cut shipping costs, and offer faster delivery.“Flexport has been instrumental in helping us uncover new areas of growth for the Kizik business so that we can continue to delight our customers and partners with an exceptional delivery experience,” says Jason Lee, chief operating officer at Kizik.Store your

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Freight Market Update: September 13, 2022Special Ocean Market Announcement:The Ocean Market has entered a new phase. The Transpacific Eastbound (TPEB) specifically is seeing a post-COVID plummet.Multiple trades are experiencing rate declines from their pandemic highs, but the TPEB has been declining at an unprecedented rate since late July. Far from a traditional peak season on the trade, rates are plummeting to levels not seen since 2020. The reason for these unexpectedly precipitous rate drops is actually a combination of traditional supply and demand factors. Supply—though still far from predictable with congestion-related blank sailings steadily sapping 20-30% of capacity—has been pretty stable for the last two quarters in total TEU deployment and monthly improvements in transit reliability. Meanwhile Demand has been decreasing due to high U.S. inventory levels and U.S. consumer purchasing moving towards a pre-COVID spread of goods and services. See more details on these Supply and Demand factors on Flexport’s Freight Market Update from September 8. And check out Flexport Research for insights from the first government export report for August from South Korea that shows a decline in most major consumer exports. What now? So far, there’s no indication of where or when rates will settle. Golden Week in early October will provide a breather, likely before an October and November demand lull where, traditionally, TPEB sees some of the lowest rates of the year. While rate declines are good for cost savings, there’s still a lot of challenges out there with congestion, chassis shortages, and more blanks on the horizon. Please reach out to your Flexport Account Management team to strategize on how best to navigate through these waters in Q4 and into 2023.European Freight Market Update Live | Tues, September 20 @ 16:00 CEST / 15:00 BST Flexport Capital: Helping Brands Navigate a Cash Crunch | Weds, September 21 @ 9:00 am PT / 12:00 pm ETOcean Freight Market UpdateAsia → North America (TPEB)Transpacific Eastbound (TPEB) demand and rates continue to drop with blank sailings on the horizon:U.S.: The expected demand and TPEB volume from shippers to get ahead of Golden Week is in question this year as the Freight All Kinds (FAK) market continues to soften and mitigations are frequent. Blank sailings continue to spot the market for September and October as the carriers look to reduce the total number of anchored vessels at the ports, especially U.S. East Coast (USEC) and U.S. Gulf Coast. Notable Flexport News. : Flexport Cuts More Jobs : Flexport Raises $260 Million from Shopify : Flexport in Talks to Buy Convoy’s Technology : Petersen Sets Long Timetable for Profits, Public Offering Older news About Flexport. Flexport is a software-as-a-service (SaaS) global logistics company that helps Notable Flexport News. : Flexport Cuts More Jobs : Flexport Raises $260 Million from Shopify : Flexport in Talks to Buy Convoy’s Technology : Petersen Sets Long Timetable for Profits, Public Offering Older news About Flexport. Flexport is a software-as-a-service (SaaS) global logistics company that helps

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Create an Inbound Shipping Plan How to Bulk Upload Products I'm Receiving an Error Message While Creating My Inbound Shipment How Do I Edit My Completed Inbound Shipment? Understanding Forwarding and how it lowers costs Adding Additional Barcode Values to a SKU Inbounding Battery Products Inbound transfers are shipments from a merchant or a supplier into a fulfillment network. In the process, the fulfillment center will receive the inbound, verify the contents of the inbound are correct, and then the items will be organized and set up for fulfillment. Before you inbound: Connect your Flexport Portal to all applicable sale channels Preparing Your Product for Flexport's Fulfillment CenterMake sure your products do not fall under Restricted ProductsNow you are ready to create your inbound shipping plan. While organizing your shipping plan, you are able to determine if you'd like to use Prep services to help reduce risk of non-compliance. You can follow the steps below or watch our shipment creation video. Please note that some features may not be shown in the video, like Prep. For "Creating an Inbound Shipment" steps only, skip to 2:26 in the video.StepsIn your Flexport Portal go to the Shipping Plans sections under Inbounds and click Create Inbound Select either International Origin or Domestic Origin depending on your needs, and enter your origin locationYou can enter the address, city, or postal code of your supplier or just the port where your supplier will deliver your products toIf you enter a supplier's location, then we will

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Digital Freight ForwarderShipping from Malaysia to the USA and BeyondShipping freight from or to Malaysia? Use the international freight forwarder with the world-class technology and local footprint to make Malaysia a more valuable part of your supply chain.Malaysia Shipping Keys to SuccessInsist on full visibility from origin to destination for all shipments. Proactively manage suppliers with automated order management, while closing any gaps with logistics partners. Flexport’s platform for global logistics puts it all within reach.Watch DemoSee What's Possible on the Flexport PlatformApproach Malaysia With InsightSelect the Best Routing OptionMalaysia's many manufacturing centers and ports create a staggering number of trucking, cross-border, ocean, air, and consolidation routing options best navigated with local expertise. Obstacles and Options Are ManyShortage of ocean containers again? Lack of capacity in the export free-trade zone. Weak in-country infrastructure results in roadblocks that local knowledge and flexibility can overcome. Find a Flexible Customs BrokerFlexport's customs brokers closely coordinate with in-country suppliers' brokers to keep delays and costs to a minimum. Brokers with rigid rulebooks will struggle to do the same.Grow Your Malaysia Trade StrategyFlexport has the technology and resources in place to help you trade between Malaysia and the countries most important to your business.Dedicated Customer Service, Backed by DataAlways-on access to a dedicated service team that sees the data you see: real-time tracking, exception alerts, inventory insights. So every conversation is in context. And every interaction is more productive.. Notable Flexport News. : Flexport Cuts More Jobs : Flexport Raises $260 Million from Shopify : Flexport in Talks to Buy Convoy’s Technology : Petersen Sets Long Timetable for Profits, Public Offering Older news About Flexport. Flexport is a software-as-a-service (SaaS) global logistics company that helps Notable Flexport News. : Flexport Cuts More Jobs : Flexport Raises $260 Million from Shopify : Flexport in Talks to Buy Convoy’s Technology : Petersen Sets Long Timetable for Profits, Public Offering Older news About Flexport. Flexport is a software-as-a-service (SaaS) global logistics company that helps

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Provide a trucking service to pick up your productsFor E-commerce Fulfillment, select Domestic Inbound, enter the ship-from address, select Multi-channel fulfillment by Flexport, then Forward to Flexport's DTC networkSelect whether you want your order(s) fulfilled via multi-channel or through your selected partner Multi-channel fulfillment would be for products being sold on multiple channels such as Shopify, Walmart, and AmazonFulfillment by Amazon would be for orders being sold only through Amazon Alternatively, click the Send directly to any other destination underneath if you just need freight to a different destination, and enter your destination hereEnter your desired delivery date to help us determine the best service(s) we could use to get your products to the desired destinationIf you don't have a specific date you need the goods by, select I'm flexible, and we'll show you all of our available optionsProvide the details for the products you'd like us to move - this can be as simple or detailed as you preferEntering the details of each product will automatically calculate the totals for your inboundWe need to know how many pallets your shipment will consist of for fulfillment and storage costs, even if your container is floor loadedWe can estimate this information for you if you click the Estimate count link underneathWe only support a maximum of 1000 Product per shipping plans created in Seller Portal, and 3000 Products per shipping plans created via our Logistics APILet us know whether or not your shipment contains dangerous goods (DG) and when they'll be