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It isn’t clear what was in the containers, though local reports said shoes and clothing were seen floating in the water, and some containers appeared to have sunk.

The $250 million from BlackRock-managed funds and accounts will double Flexport’s lending capacity.

Having to pay import taxes on small parcels from other countries likely will be a big change for some small businesses and online shoppers.

Steel and aluminum tariffs were widened effective Aug. 18 to include more than 400 consumer items. Customs brokers and importers in the U.S. were given little notice.

DAT Freight & Analytics is acquiring Convoy Platform from Flexport for an undisclosed sum, a little under 18 months after the seller launched the freight-matching platform.

Flexport launched a new technology platform that offers global shippers access to a trucking capacity marketplace of small carriers and owner-operators, the company announced Feb. 22.

Logistics startup Flexport Inc. plans to lay off hundreds of workers, according to a source — the company’s latest effort to reposition itself during a global shipping industry slowdown.

Freight logistics company Flexport has laid off 165 employees from its Bellevue, Wash., office, part of broad job cuts that will impact 20% of the workforce.

Amazon.com Inc. is offering a new service that will let its 2 million merchant partners deliver inventory directly to physical retail stores and warehouses.

Flexport Inc. executives Teresa Carlson and Darcie Henry are leaving the company, both hired during the tenure of CEO Dave Clark, who unexpectedly departed on Sept. 6.