DAT Freight & Analytics, a provider of market trends and data insights for the logistics industry, has acquired a fintech company and factoring service that automates invoice payments and other back-office functions for trucking companies.
DAT Freight & Analytics acquired Seattle-based back-office payment specialist Outgo for an undisclosed sum, the company said May 15.
DAT Freight & Analytics has entered the payments business with its acquisition of Outgo.
A 90-day trade thaw between Washington and Beijing could prove to be a welcome reprieve for the U.S. freight industry, as importers rush to lock in shipments ahead of the busy back-to-school period, experts said.
DAT Freight & Analytics acquired factoring and fintech provider Outgo on Thursday, bringing modern payment infrastructure into the DAT One ecosystem and redefining how freight carriers book and get paid for loads. Terms of the deal were not disclosed.
A 90-day trade thaw between Washington and Beijing could prove to be a welcome reprieve for the U.S. freight industry, as importers rush to lock in shipments ahead of the busy back-to-school period, experts said.
DAT Freight & Analytics has acquired a payments and factoring technology provider that caters to truckload carriers in an attempt to make its freight load board more useful and trustworthy for both carriers and brokers.
DAT Freight & Analytics, a Beaverton, Ore.-based freight company, announced the acquisition of Outgo, a Seattle startup that sells banking services to freight carriers.
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