Flexport Buys Crux Systems
Summary
Founded in 2014 by CEO Eric Klein and COO Jennifer Colvin, Crux Systems allows importers, exporters, port terminals and trucking companies to gain real-time visibility into the location and status of containerized cargo. Its shipment data informs supply chain planning by driving actionable insights that can reduce dwell times, demurrage fees, and hours spent tracking containers. Led by Ryan Petersen, CEO, Flexport allows companies to move, finance and make decisions about freight – all on one digital platform powered by a combination of technology, logistics infrastructure and expertise. Today, the platform connects almost 10,000 clients and suppliers across 109 countries, including established global brands as well as emerging innovators. Flexport offers a full range of services, including ocean, air, truck and rail freight, drayage and cartage, warehousing, customs and trade advisory, financing, and insurance.
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