Latest news with #BillDriegert
Business Wire
28-07-2025
- Business
- Business Wire
DAT to Acquire the Convoy Platform from Flexport
BEAVERTON, Ore. & SAN FRANCISCO--(BUSINESS WIRE)--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 acquisition of Convoy demonstrates DAT's ongoing commitment to enhancing network value for our customers,' said Jeff Clementz, DAT President and CEO. Share 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. 'The acquisition of Convoy demonstrates DAT's ongoing commitment to enhancing network value for our customers,' said Jeff Clementz, DAT President and CEO. 'Together, we will give customers a better, broader freight-matching network, the ability to manage more loads and capture incrementally more business, and ultimately more choice.' 'We invested in the Convoy Platform because we saw its potential. In just 18 months, we improved the core technology platform, reengaged the market, and significantly increased its value. Importantly, we demonstrated a strong product-market fit by decoupling the platform from a brokerage,' said Ryan Petersen, Founder and CEO of Flexport. 'We look forward to a lasting relationship as a DAT customer. This sale is a win for the entire freight industry, a win for DAT, and a win for Flexport.' 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. Furthermore, this acquisition will enhance DAT's innovative team and technology by adding: Deep experience: 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. 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. Fraud prevention at scale: The Convoy Platform's proprietary technology uses machine learning and AI models to verify carriers on the network and block malicious actors. With these advanced security features built in, brokers can reduce their risk of fraud and access a trusted network of carrier capacity, all while increasing their efficiency and growing their business. The Convoy Platform's proprietary technology uses machine learning and AI models to verify carriers on the network and block malicious actors. With these advanced security features built in, brokers can reduce their risk of fraud and access a trusted network of carrier capacity, all while increasing their efficiency and growing their business. Easy-to-use mobile experience: The Convoy Platform is recognized for high carrier satisfaction and usability. Today, nearly 30,000 carriers—primarily owner-operators and small trucking companies—use the app to find loads, manage paperwork, receive payments, and more. The Convoy Platform is recognized for high carrier satisfaction and usability. Today, nearly 30,000 carriers—primarily owner-operators and small trucking companies—use the app to find loads, manage paperwork, receive payments, and more. Fast, reliable payments: Every carrier on the Convoy Platform is eligible to get paid via QuickPay. It's easy to use and available on every load on the platform, providing another option for fast payouts to carriers. 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. For more information about the Convoy Platform, visit About DAT Freight & Analytics DAT Freight & Analytics operates DAT One, North America's largest truckload freight marketplace; DAT iQ, the industry's leading freight data analytics service; Trucker Tools, the leader in load visibility; and Outgo, the freight financial services platform. Shippers, transportation brokers, carriers, news organizations, and industry analysts rely on DAT for market trends and data insights, informed by nearly 700,000 daily load posts and a database exceeding $1 trillion in freight market transactions. Founded in 1978, DAT is a business unit of Roper Technologies (Nasdaq: ROP), a constituent of the Nasdaq 100, S&P 500, and Fortune 1000. Headquartered in Beaverton, Oregon, DAT continues to set the standard for innovation in the trucking and logistics industry. Visit for more information. About Roper Technologies Roper Technologies is a constituent of the Nasdaq 100, S&P 500, and Fortune 1000. Roper has a proven, long-term track record of compounding cash flow and shareholder value. The Company operates market leading businesses that design and develop vertical software and technology enabled products for a variety of defensible niche markets. Roper utilizes a disciplined, analytical, and process-driven approach to redeploy its excess capital toward high-quality acquisitions. Additional information about Roper is available on the Company's website at About Flexport We believe trade can move the human race forward. That's why since our founding in 2013, it's our mission to make global commerce so easy there is more of it. Flexport is the tech-driven platform for global logistics—empowering buyers, sellers and their logistics partners with the technology and services to grow and innovate. Flexport was one of CNBC's Disruptor 50 Companies as well as one of Fast Company's Most Innovative Companies. Trusted by more than 10,000 brands, Flexport connects every step of the supply chain from factory floor to customer door—making it easy for businesses to ship anywhere, sell everywhere, and grow faster.
Yahoo
09-05-2025
- Business
- Yahoo
Cyberthreats surge against US logistics infrastructure
Cybersecurity provider Trellix recently released its April 'CyberThreat Report' revealing an alarming rise in cyberattacks targeting critical U.S. infrastructure, with the freight and logistics sectors now in the crosshairs of nation-state actors and sophisticated ransomware groups. Between October 2024 and March 2025, the U.S. saw a 136% increase in Advanced Persistent Threat (APT) activity, prolonged and targeted cyberattacks in which an intruder gains unauthorized access to a network and remains undetected for an extended period. Of particular concern is the role of APT29, also known as Midnight Blizzard, a well-documented cyber espionage group linked to the Russian Foreign Intelligence Service. Known for its stealthy, high-level campaigns, APT29 specializes in long-term intrusions that exfiltrate sensitive data without immediate detection. Trellix researchers report that 55% of APT29's observed activity in this period specifically targeted the transportation and shipping sectors, signaling a coordinated focus on disrupting or surveilling supply chain operations. For logistics professionals, this suggests that state-sponsored actors are probing for weaknesses not just in physical infrastructure, but also in the digital ecosystems that support freight visibility, scheduling and warehouse management. Meanwhile, ransomware continues to plague U.S. organizations, with 58% of all global ransomware-related posts traced back to U.S.-based attacks. This reflects an environment where financially motivated criminal groups are increasingly exploiting known and zero-day vulnerabilities, bypassing phishing emails in favor of more direct and technical exploits. What's more troubling is the evolution in attacker methods. Rather than relying on suspicious email attachments, cybercriminals are now favoring fileless malware, which hides in memory, and using legitimate Windows tools to execute attacks, making them harder to detect with traditional antivirus solutions. Learn more about these cybersecurity threats in the Trellix report. How did Flexport's Convoy platform achieve zero thefts over the past 380,000 loads booked? Dooner asked the guy who runs it on a recent episode of WHAT THE TRUCK?!? Here's what Bill Driegert, head of trucking, had to say: Lt. George Ackerman of the Philadelphia Police Department was no stranger to crime trends, but when tractor trailers filled with beef, booze, crab legs and TVs began disappearing at an alarming rate in 2022, even his decades of experience couldn't explain the scale. What began as sporadic cargo thefts ballooned into a citywide epidemic, particularly across Philly's 8th District, where over 180 thefts were eventually reported. The goods, often worth millions, vanished without a trace, with no suspects, no patterns and no product ever recovered. Ackerman, a former trucker himself, became the lead on what would become the city's largest cargo theft case in modern history. At first, detectives assumed it was a string of isolated jobs. But the thieves always seemed to know exactly where to strike, regardless of drivers' unique schedules. A breakthrough came in April 2023, when Ackerman responded to a robbery involving over 2 million U.S. dimes stolen from a U.S. Mint trailer. Surveillance footage showed a highly coordinated team, including scouts, lookouts and loaders, operating in sync. Ackerman and his team, with support from the FBI, Secret Service and state police, slowly began to unravel the group. Cell tower data, surveillance footage and even Coinstar deposits pointed to a tightly knit crew based in the area. Their incriminating texts, bragging about 'liquor and cow feet' dinners, confirmed their role in more than $1.5 million in thefts. Learn more about Ackerman's detective work from Philadelphia magazine here. Be part of the solution that stops freight fraud in its tracks. Let's cut through the noise and address this issue head-on! Freight fraud has reached a crisis level, and it impacts everyone in the industry. It's time for us to come together to address this critical problem and share best practices on how to mitigate it. Join us on May 14 in Dallas at the Freight Fraud Symposium, where transportation executives, freight leaders and technology buyers will come together to discuss the issues we all face, share lessons learned and get insights on the latest technology to tackle this problem. Register now Articles by Grace Sharkey Fraud flowers in April showers Massachusetts man convicted in CDL bribery scam DHL Express ships endangered antelopes to Kenya; freight fraud; fixing backhauls | WHAT THE TRUCK?!? The post Cyberthreats surge against US logistics infrastructure appeared first on FreightWaves.
Yahoo
02-05-2025
- Automotive
- Yahoo
Convoy Platform: Zero thefts over last 380,000 loads; tariffs vs. fasteners
This embedded content is not available in your region. On Episode 833 of WHAT THE TRUCK?!?, Dooner is talking to Flexport's Bill Driegert about resurrecting Convoy Platform. The company has just announced that it has had zero loads stolen over its past 380,000 shipments. Across the industry, cargo thefts were up 27% year over year, and the average value of theft ballooned to $202,364. We'll find out how Flexport has managed to beat the bad guys. Can fasteners hang in there against tariffs? Field Fastener's John Oldham Jr. stops by to talk about how trade policy could be impacting the very goods holding everything together. Plus, Commercial Carrier Journal gets cooked over driver shortage article; layoffs/bankruptcies hit trucking; GTA6 delayed until 2026; XBOX Series X up $100; and is the port of Seattle really empty? Catch new shows live at noon EDT Mondays, Wednesdays and Fridays on FreightWaves LinkedIn, Facebook, X or YouTube, or on demand by looking up WHAT THE TRUCK?!? on your favorite podcast player and at 5 p.m. Eastern on SiriusXM's Road Dog Trucking Channel 146. Watch on YouTube Check out the WTT merch store Visit our sponsor Subscribe to the WTT newsletter Apple Podcasts Spotify More FreightWaves Podcasts The post Convoy Platform: Zero thefts over last 380,000 loads; tariffs vs. fasteners | WHAT THE TRUCK?!? appeared first on FreightWaves. Sign in to access your portfolio
