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
A slow start to produce in California could mean a lower peak in spot truckload rates this summer.
Following a mixed March, spot truckload volumes and rates were again mixed in April, according to the new edition of the DAT Truckload Index, which was issued today by DAT Freight and Analytics.
The number of posted loads on DAT One fell to just below 2.2 million from May 4-10, a 1.3% decrease compared to the previous week.
This week, we can anticipate a bump in spot market rates due to International Roadcheck, as those fearing the stepped-up enforcement activities typically park their trucks.
This is a sign that tariff-related stockpiling, a slowdown in manufacturing, and general seasonality contributed to reduced demand for trucking services.