Comment / On the wires: Fearless Flexport rocks with small bolt-on deal but is that the crux?

“Flexport, the modern freight forwarder, today announced the acquisition of Crux Systems, the most advanced technology solution for tracking ocean containers. The acquisition will accelerate the automation of Flexport’s shipment tracking capabilities, upgrading the track and trace data that powers our freight-forwarding services.” – Flexport, 10 October 2019.

Flexport’s reassuring statement with regard to its expansion plans last week validated what our sources said in the second quarter, when the fast-growing forwarder was already “looking around to grow inorganically“, I was told, ...