U.S. Markets open in 6 hrs 19 mins

Flexport Bets On Canada With Vancouver Office

FreightWaves

Flexport has opened its first office in Canada, setting up shop in the country's largest international trade hub, Vancouver.

The San Francisco-based freight forwarder announced the expansion in a blog post on Nov. 19. The office positions Flexport to tap into the high volumes of Asian trade coming through the Port of Vancouver, Canada's largest and busiest. 

"Canada is critical to North American trade and Flexport's growth strategy, especially today amidst ever-changing international trade relationships," said Anders Schulze, vice president and general manager of Flexport Northwest.

The office is already staffed with trade and licensed customs experts. Flexport said customers involved in the trade to and from Canada will benefit from the staff's expertise in compliance and customs issues. 

Flexport is betting on the resilience of the Canadian economy, which has endured trade disputes in 2019, although there are fears that a slowdown is underway following a spate of disappointing economic reports.

The Port of Vancouver handled a record volume of cargo during the first half of 2019, following a record 2018. But underneath the port's growth, the effects of global trade turbulence have hit individual types of cargo.   

Flexport also could be looking to leverage the trade uncertainty to its advance, offering up its recently revamped platform as a solution to help navigate the challenging environment for shippers.  

Image by StartupStockPhotos from Pixabay

0

See more from Benzinga

© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.