The Trucker: Van spot rates end post-holiday slide
Broker-posted spot rates in the Truckstop.com system for dry van and refrigerated equipment increased for the first time in four weeks during the week ending Aug. 1, although the gains in both cases were small.
Overdrive: DAT buys Convoy in bid to become the ‘safest’ freight marketplace
Convoy, the one-time freight tech titan that grew to a $3.8 billion valuation before its sudden implosion left dozens of carriers unpaid, has been acquired by DAT Freight & Analytics as part of the load board's bid to become the "safest" freight market around.
DAT just bought the Convoy platform from Flexport and brought on Bill Driegert to help lead it. Is this the rebirth of digital freight, or a new freight tech power grab?
In a striking move, digital freight forwarder Flexport has sold the core Convoy technology platform it acquired in late 2023 to DAT Freight & Analytics for approximately $250 million, less than two years after buying it for roughly $16 million .
Food Logistics: DAT to Acquire Flexport’s Convoy Platform
DAT Freight & Analytics announced plans to acquire Flexport’s Convoy Platform, adding best-in-class automation and digital freight-matching technology to its product portfolio.
Trucking Info: DAT to acquire Convoy Automated Freight-Matching Platform from Flexport
DAT Freight & Analytics has agreed to acquire the Convoy Platform from Flexport, adding automation and digital freight-matching technology to its product portfolio.