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It's a struggle for 'digital' forwarders, with 'poster boy' Flexport losing value - The Loadstar

Summary by The Loadstar
The proposed sale of ‘digital’ forwarder Forto, as well as EV Cargo, which also considers itself ‘digital’, has shone a spotlight on a sector said to be reaching maturity – or at least running out of funding.  “The first wave of digital logistics struggles was characterised by distress, selling off, and bankruptcies, like the insolvency of Instafreight, and the collapse of Convoy, a company that had raised $1bn and was valued at ... The post It’…
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The LoadstarThe Loadstar

It's a struggle for 'digital' forwarders, with 'poster boy' Flexport losing value - The Loadstar

The proposed sale of ‘digital’ forwarder Forto, as well as EV Cargo, which also considers itself ‘digital’, has shone a spotlight on a sector said to be reaching maturity – or at least running out of funding.  “The first wave of digital logistics struggles was characterised by distress, selling off, and bankruptcies, like the insolvency of Instafreight, and the collapse of Convoy, a company that had raised $1bn and was valued at ... The post It’…

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cookcountyrecord.comcookcountyrecord.com

Plaintiff Alleges Former Employer Flexport International LLC Engaged in Sexual Harassment

Shocking allegations of workplace misconduct have surfaced in a new lawsuit, capturing the attention of many concerned about corporate accountability and employee rights. Shana Miller filed a complaint on March 21, 2025, in the United States District Court for the Northern District of Illinois against Flexport International LLC. The lawsuit alleges severe sexual harassment, sex-based discrimination, and retaliation under Title VII of the Civil R…

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cookcountyrecord.com broke the news in on Tuesday, April 1, 2025.
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