Flexport opens Toronto office
TORONTO — Flexport, the logistics platform for global trade, has expanded its services to Canadian importers and exporters with the launch of a new office in Toronto.
This location complements Flexport’s presence in Vancouver and will serve as a hub for the company in Eastern Canada, with plans for 15 employees to be based there by the end of the year and another 20 hired over the next 18 months.
The move offers Canadian companies Flexport’s full range of logistics services through its technology platform, which provides visibility and real-time management capabilities for supply chains. This comes at a crucial juncture where backlogs and shipping delays have led to a spike in costs for shippers, and small- and medium-sized businesses are struggling to keep inventory stable. The new Flexport team in Toronto will focus on these small- and medium-sized businesses, which have been disproportionately impacted by current supply chain challenges and disruptions.
Toronto’s location along the Great Lakes and St. Lawrence Seaway System makes it an ideal hub to support the estimated $45 billion in economic activity that cargo shipments generate on that causeway, the company said. Yet in spite of its crucial role in global trade, clients shipping in and out of various Canadian ports have few options for tech-centric global trade services. Flexport is hiring for roles across its direct sales and solution teams in anticipation of regional customer growth.
“In this incredibly challenging time for shipping, knowing where my product is at all times is extremely valuable,” said Verity Sylvester, co-founder & COO of office furniture retailer Branch. “From working with ocean freight to handling customs and insurance, Flexport’s platform has created transparency that we, and more importantly, our customers appreciate.”