Transport Dive: DAT launches efforts to address double brokering, fraud
The firm joined others in warning about upticks in illegal activity and unveiled new tools for companies to mitigate risk.
The firm joined others in warning about upticks in illegal activity and unveiled new tools for companies to mitigate risk.
While truckload freight volumes and spot rates held firm in June, contract rates fell to their lowest points in almost two years.
DAT Freight & Analytics, which operates the DAT One marketplace for spot truckload freight and the DAT iQ analytics service, and Convoy, a leading digital freight network, announced the amicable settlement of pending legal action between DAT and Convoy:
DAT Freight & Analytics has introduced new initiatives involving a combination of technology, education and enforcement to reduce the risk of fraud and double brokering in the trucking industry while delivering speed, convenience and an open marketplace via the DAT One truckload freight network.
The June edition of the DAT Truckload Volume Index (TVI), which was issued this week by DAT Freight & Analytics represented a mixed bag, of sorts, with spot rates remaining firm, and contract rates falling to a nearly two-year low.
Truckload freight volumes and spot rates held firm in June while contract rates fell to their lowest points in almost two years, according to DAT Freight & Analytics, operators of the industry’s largest online freight marketplace and DAT iQ data analytics service.
The national benchmark contract rate for dry van freight has not increased for 12 consecutive months
DAT Freight & Analytics, a wholly owned subsidiary of Roper Technologies, Inc. (ROP), and digital freight network Convoy, announced Tuesday an amicable settlement of pending legal action between DAT and Convoy.
An 18-month legal battle between trucking load board and data provider DAT Freight & Analytics and truckload broker Convoy has ended after the two parties agreed to a confidential settlement. Terms were not disclosed.
A series of lawsuits and countersuits between load board operator DAT and digital brokerage company Convoy has been resolved through an “amicable settlement,” the companies announced Tuesday.