Flexport, the shipping logistics company that launched in San Francisco just four years ago, is set to close a $110m Series C funding round. The investment values the company at $910m post money, says Wesley Chan, managing director at Menlo Park VC firm Felicis Ventures, an early investor in Flexport. The new round will bring the total capital invested to $204m.
Dim lighting bounces off brownish-tiled floors. The shelves are sparsely filled with cardboard boxes. Checkout lines stretch to oblivion. There is nothing super about these stores.
The International Union of Marine Insurance has called for better fire-fighting systems on board container ships, citing its concern that current provisions are insufficient given the growing size of container vessels and a recent spate of fires on board ships.
Attorneys general from most states are broadening their investigation into the opioid industry as a nationwide overdose crisis continues to claim thousands of lives.
One of the most important things a pet owner has to keep track of is what his or her's four-legged best friend is eating - and how much. But it's all too easy to get to the bottom of a 24-pound bag of kibble without realizing it and then have to run out to a bodega to grab the first bag of dog food one can find to keep the pooch of the house fed and happy.
Asia Pacific business leaders are working on recommendations to protect migrant workers from modern day slavery and to ensure companies' supply sources are free from such unethical employment, according to Australia's ambassador for people smuggling and human trafficking.