DAT Freight & Analytics has agreed to acquire the Convoy Platform from Flexport, adding automation and digital freight-matching technology to its product portfolio.
DAT Freight & Analytics is acquiring Convoy Platform from technology provider Flexport for an undisclosed sum, a little under 18 months after the seller launched the freight-matching platform.
DAT Freight & Analytics has announced the acquisition of the Convoy platform from Flexport. Sources suggest the price was around $250m in cash.
DAT Freight & Analytics on Monday said it has agreed to acquire the Convoy Platform from Flexport. Terms of the deal were not disclosed.
DAT Freight & Analytics said Monday it has acquired Flexport’s Convoy Platform product for an undisclosed amount as the spot market load board operator aims to give its broker customers more direct and automated transactional access to truckload carriers.
Here is another round-up of the most engaging and talked-about freight content from around the web and from us.
Europe’s pledge to spend $750 billion on American energy is a centerpiece of the trade agreement Washington and Brussels reached over the weekend.
As freight brokers battle fraudsters intent on cargo theft, they are building defenses that combine multiple technologies provided by vendors and augmented in some cases by systems they have developed themselves.
The freight market appears to be in stasis caused by prolonged low demand with businesses holding off to see how trade policies progress, according to a recent report.
There’s a lot to digest in this week’s data, including a surprise boost in trailer order activity, but continued projections for weakness in the freight market.