BlackRock, Flexport Join Forces on $250 Million in Trade Finance

BlackRock Inc., the world’s largest asset manager, is teaming up with Flexport Inc. to expand the digital logistics platform’s financing options for companies facing higher tariff costs and other trade-related strains on cash flow.

The $250 million from BlackRock-managed funds and accounts will double Flexport’s lending capacity, Flexport Chief Financial Officer Stuart Leung said. The freight company’s financial services arm, Flexport Capital, has provided more than $2 billion since it started in 2017.

While President Donald Trump boasts about how much revenue US tariffs generate for the federal government, the burden of paying his new import taxes falls directly ...