Flexport’s Petersen Returns Seeking Profits in Trade Slump
- Freight tech startup launches a small-business platform today
- Cost cuts will be part of the plan, Petersen says in interview
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Flexport Inc. founder Ryan Petersen said ex-Chief Executive Officer Dave Clark’s ouster means the once high-flying freight technology company will focus on revenue growth and becoming profitable again despite the ongoing slump in global goods trade.
“I’m not worried at all about this — what the market does in terms of how much volume that’s moving in the world,” Petersen said in an interview Saturday, three days after replacing Clark with himself at the San Francisco-based company, ranked in 2018 among the 10 fastest-growing private firms in the US. “We can still be a growth company even in a declining market.”