tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

DAT Freight & Analytics to acquire Convoy Platform from Flexport

DAT Freight & Analytics has agreed to acquire the Convoy Platform from Flexport, adding best-in-class automation and digital freight-matching technology to its product portfolio. The Convoy Platform provides freight brokers a powerful way to automate virtually every aspect of the freight transaction and connect with trusted trucking companies. It is an ideal complement to DAT One, DAT’s flagship subscription-based load board, where nearly 700,000 loads are posted daily. Flexport acquired the Convoy Platform and related intellectual property in October 2023 and launched the Convoy Platform as a freight-matching service for all brokers in April 2024, growing the platform with thousands of carriers. Flexport’s vision and investment in building and scaling the Convoy Platform for the broader market, as a neutral digital marketplace, creates significant value for DAT and its customers. The Convoy Platform’s engineers, product experts, and operations professionals will continue to be led by Bill Driegert, who will join DAT’s executive leadership team. DAT will ultimately integrate the Convoy Platform into its DAT One product. This will allow brokers to seamlessly access both automated and hands-on freight-matching options, and give carriers a faster, easier way to find quality loads from trusted brokers, supported by DAT’s scale and reach.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1