A Better Way to Ship
While managing the supply chain for his brother’s import company, Ryan Petersen
had one key frustration with the freight industry. “Your stuff goes through all these
handoffs,” he says. “You have no idea where it is, or how much you’re going to pay for
it.” So he founded Flexport, which lets businesses track their cargo online in real time.
Today, online eyeglasses retailer Warby Parker, sneaker company Allbirds, and paper
manufacturing giant Georgia-Pacific all use Flexport to transport their goods, as do
thousands of Amazon merchants. The company has scored more than $300 million in
funding, and moves about 100,000 shipping containers per year, many of which pass
through the Port of Los Angeles (seen here). Most of Petersen’s competitors have been
around for decades. He says that gives Flexport a leg up in a digitized world: “It’s
a really hard endeavor to take an old operating model and try to migrate it
onto the internet.” —K.J.R.
Ryan Petersen ; FLEXPORT
Three-year growth 9,248.7% · 2017 revenue $131.2 million
SAN FRANCISCO · FOUNDED 2013