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\nBy Lisa Baertlein<\/span> \n\u00a9 Jezper \/ Adobe Stock\n<\/p>\n<\/div>\n<\/div>\n<\/div>\n The former Amazon.com Inc executive who oversaw the e-commerce company’s transportation network buildout for its sellers, now aims to do the same for rival shipping customers as chief executive of logistics startup Flexport.<\/p>\n “I wanted to … do it again for everyone else,” said Dave Clark, the former Amazon executive who will become Flexport CEO on March 1 after spending six months as co-CEO.<\/p>\n Getting big is the key to success, Clark said at S&P Global Market Intelligence’s TPM23 conference in Long Beach, California, on Tuesday.<\/p>\n “Most companies will never have the opportunity to roll up the kind of scale that really large global conglomerates can do,” Clark said.<\/p>\n Among other things, Flexport is teaming with Amazon rival Shopify Inc to help that platform’s sellers manage and track ocean cargo shipments.<\/p>\n Flexport also offers a service that helps small customers combine orders to fill an ocean container – enabling them to choose lower-cost sea freight and avoid pricey air transportation.<\/p>\n Clark was CEO of Amazon’s consumer business when he ended his 23-year run at the company on July 1.<\/p>\n Privately held Flexport is one of the most valuable logistics startups after raising more than $2 billion in funding. Its investors include KKR & Co Inc, SoftBank Vision Fund and Shopify.<\/p>\n Flexport is a fully licensed freight forwarder, meaning it manages end-to-end sea, air, rail and road freight shipments. Its established and much larger competitors include Kuehne + Nagel, DHL and United Parcel Service.<\/p>\n Industry experts say many of those rivals already have the technology that Flexport claims differentiates it from the competition.<\/p>\n Clark said Flexport’s system makes shipping data easier to see and use. He also said the company still has about $1 billion to spend as it invests in its engineering team after cutting jobs to adjust to tumbling industry demand.<\/p>\n (Reuters – Reporting by Lisa Baertlein. Editing by Matthew Lewis)<\/em><\/p>\n<\/div>\n<\/div>\n maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":" By Lisa Baertlein February 28, 2023 \u00a9 Jezper \/ Adobe Stock The former Amazon.com Inc executive who oversaw the e-commerce company’s transportation network buildout for its sellers, now aims to do the same for rival shipping customers as chief executive of logistics startup Flexport. “I wanted to … do it again for everyone else,” said …<\/p>\n","protected":false},"author":1,"featured_media":32849,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-32848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/32848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=32848"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/32848\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/32849"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=32848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=32848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=32848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nFebruary 28, 2023<\/span>
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