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Plus, a Chicago-based freight broker boasts about making $215k in one day, Lineage Logistics hits it big with an $18 billion IPO, the latest on the Ocean's 11-style freight heist, and more.
The former Amazon exec resigns saying the company's pivot back to the core freight business is better led by founder.
Dave Clark, once tipped as a potential Amazon successor and a vocal defender of its policies, had made a notable move to Flexport in a co-CEO role just last year. His tenure, marked with significant expectations, ended in less than a year, and not without its fair share of surprises.
As Flexport navigates these uncertainties, all eyes will be on their next steps while keeping a tab on Clark's future endeavors.
Sources: Fortune  | Brittain Ladd/LinkedIn
Amazon's coup against Flexport in the battle for logistics, in 12 months:
— kepano (@kepano) September 7, 2023
1. Dave Clark, 20+ year Amazon vet joins as CEO of Flexport
2. Amazon works out a deal with Shopify to partner on logistics, on the condition that Shopify exits logistics, i.e. sells Deliverr, a…
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