Flexport

Emerging#13 in Logistics & Supply Chain

Tech-enabled freight forwarder; founder Ryan Petersen returned as CEO Sept 2023 after Dave Clark exit; Shopify Logistics acquisition 2023; ~$2.1B revenue; Red Sea disruptions created demand spike.

Digital Freight Forwarding
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Company Overview

About Flexport

Flexport is a technology-enabled global freight forwarding and supply chain management platform founded in 2013 by Ryan Petersen in San Francisco, California. Operating as a private company with backing from investors including Andreessen Horowitz, Founders Fund, and SoftBank, Flexport generated approximately $2.1 billion in revenues in FY2023, serving thousands of importers and exporters with ocean freight, air freight, customs brokerage, and trade financing services. The company's founding thesis—digitizing the paper-intensive, opaque freight forwarding industry with real-time visibility, data analytics, and API integration—positioned Flexport as a technology disruptor against traditional freight forwarders including Kuehne+Nagel, DB Schenker, and C.H. Robinson.

Business Model & Competitive Advantage

Flexport's 2023 was marked by turbulent leadership changes: in January 2023, Dave Clark (former Amazon logistics executive) succeeded founder Ryan Petersen as CEO as the company scaled post-pandemic, but Clark departed in September 2023 after just 9 months amid poor financial performance and layoffs, with Petersen returning as CEO. The company also acquired Shopify Logistics (formerly Deliverr) from Shopify for approximately $2.2 billion in 2023, expanding into e-commerce fulfillment—a move that complicated the core freight forwarding business and required significant integration effort. Layoffs of over 600 employees (approximately 20% of headcount) in late 2023 followed as Flexport restructured around its core competencies.

Competitive Landscape 2025–2026

In 2025-2026, Flexport competes in a freight forwarding market that normalized dramatically from pandemic-era elevated rates and volumes, with ocean freight spot rates cycling through volatile swings driven by Red Sea disruptions (Houthi attacks rerouting vessels around the Cape of Good Hope in 2024) and subsequent normalization. Ryan Petersen's return to operational leadership has refocused Flexport on its core software-enabled freight forwarding business, with fulfillment capabilities now offered as an integrated service. Traditional freight forwarders have accelerated their own digital investments—Kuehne+Nagel's myKN platform and C.H. Robinson's Navisphere—reducing Flexport's technology differentiation over time, while its venture capital backing and technology culture attract shipper customers seeking a digital-native partner.

Founded
2013
Headquarters
San Francisco, California, United States
Revenue
$2100M
Curated content • Fact-checked and verified

The Flexport Story

Founded in 2013
San Francisco, California, United States
Founded by Ryan Petersen, David Petersen

Founders

Ryan PetersenDavid Petersen
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Company Timeline

Major milestones in Flexport's journey

14
Total Events
7
Funding Rounds
2
Acquisitions
0
Product Launches
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Leadership Team

Meet the leaders behind Flexport

Ryan Petersen

CEO & Founder

Ryan Petersen is the founder and CEO of Flexport, having returned to the CEO role in September 2023 after briefly appointing Dave Clark in 2022. Prior to Flexport, he founded ImportGenius, a transaction data provider for global trade. He earned a BA from UC Berkeley and an MBA from Columbia Business School, and became a venture partner at Founders Fund in 2023.

Stuart Leung

Chief Financial Officer

Stuart Leung serves as Chief Financial Officer, having been promoted from his role as head of finance. He replaced Kenny Wagers who was terminated during the 2023 leadership restructuring when Ryan Petersen returned as CEO.

Neel Jones Shah

Chief Customer Officer

Neel Jones Shah serves as Chief Customer Officer, leading customer success and account management functions. He was appointed during the 2023 leadership restructuring to strengthen focus on customer relationships and retention.

Parisa Sadrzadeh

SVP, SMB and Omnichannel

Parisa Sadrzadeh leads Flexport's small and medium business (SMB) and omnichannel commerce initiatives, with her role expanding during the 2023 restructuring to strengthen the company's e-commerce fulfillment capabilities.

Open Positions

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Key Differentiators

Emerging Innovator

Flexport is an emerging player bringing innovative solutions to the Logistics & Supply Chain market.

Enterprise Scale

With $2100M in revenue, Flexport operates at enterprise scale with proven market validation.

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