DAT Freight & Analytics has acquired Trucker Tools, a digital freight-tracking company, in a move aiming to strengthen its real-time load visibility and freight-matching capabilities, the company said.
DAT Freight & Analytics acquired Trucker Tools LLC, a provider of load visibility, automated booking, digital freight matching, and carrier engagement for commercial trucking.
DAT Freight & Analytics, a business unit of Roper Technologies Inc. (NASDAQ:ROP), announced Tuesday it has acquired capacity visibility platform Trucker Tools from ASG, a portfolio company of Alpine Investors, making a strategic move to enhance DAT’s capacity for carrier engagement, load optimization and fraud prevention technology.
Load-to-truck ratios can help trucking industry stakeholders assess changes in demand.
Dean Croke was chatting at a truck show recently with a truck driver who had a walking stick and an aged face. Croke, principal analyst at DAT Freight and Analytics and himself a former truck driver, said he thought the man must be 80 years old just by looking at him. Turns out, the man was a year younger than Croke’s 65.
Spot truck and load posts jumped 114% week over week as the spot market returned to seasonal norms as shippers restocked, according to DAT One.
The truckload transportation market has finally completed its latest business cycle.
US trucking companies increased hiring in November, adding 2,100 jobs to non-seasonally adjusted payrolls after two months of declining employment.
The trucking industry is slowly rebalancing as the mismatch between freight demand and capacity returns to normal, according to experts.
The shortfall is affecting regions in Idaho and Washington that produce staples like potatoes and dry onions, according to the U.S. Agriculture Department.