Flexport’s revenue surged from $670 million pre-pandemic to $3.3 billion in 2021 amid remote work and e-commerce growth.
Flexport CEO Ryan Petersen criticized remote work as “white-collar fraud” in a June podcast, despite his company benefiting from the shift. The logistics firm saw revenue jump from $670 million before the pandemic to $3.3 billion in 2021, driven by surging e-commerce and freight demand during lockdowns. Growth has since moderated.
Petersen argued that remote work is impractical, citing distractions at home with young children. He suggested it only suits employees willing to accept lower pay, contrasting his firm’s financial success with his personal skepticism about productivity outside the office.
The comments come as debates over remote work policies persist, with companies balancing flexibility against operational efficiency.