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.
The Cass Freight Index for U.S. domestic shipments in April, not seasonally adjusted, down 3.6% from the year before but up 0.4% from March
Ripple effects of Trump's tariffs are approaching the trucking industry. Tractor sales are falling and port traffic will soon slow down due to weak import/export demand. But small fleets have reasons to be optimistic.
From coast to coast, organized criminal groups are hitting trucks on the road, breaking into warehouses and pilfering expensive items from train cars, according to industry experts and law enforcement officials CNBC interviewed during a six-month investigation.
Rising demand for bonded warehousing amid high US tariffs is disrupting the flow of freight by truck to inland US markets, drayage providers say.
The number of posted loads on DAT One slipped to 2.19 million, down 4.2% week over week, mainly on lower demand for reefer capacity.
LaneMakers analyzes historical load-board postings and searches and identifies carriers that engage on a shipper’s target lanes.