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Freight Startup Flexport Hits $3.2 Billion Valuation After $1 Billion Investment Led By SoftBank

His startup operates its own 747 aircraft and employs 1,066 people across 11 offices and four warehouses. He’s tackling a market he calls “as ancient as mankind.” So when Flexport CEO Ryan Petersen decided to raise venture capital to pour more rocket fuel on his freight-forwarding company’s growth, it’s no surprise he turned to the […]

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The biggest change in global fuel regulations since leaded gas went away could cause price shocks

The change, mandated by the United Nations International Maritime Organization (IMO), is significant. The industry now burns fuels with a sulfur content of as high as 3.5 percent and will have to cut back to 0.5 percent. For the world transportation market, the change is profound because shipping fuel is literally from the bottom of

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Indonesia sets September HBA thermal coal price at $104.81/mt, up 14% on year

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