Freight Waves: Load-matching wars escalate as DAT snaps up Convoy
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 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.
Spot truckload volumes and rates remained mixed in June, according to the new edition of the DAT Truckload Volume Index, which was released today by DAT Freight and Analytics.
The truckload market is improving, but recovery is slow, according to the TA Trendline Report.