Latest news with #DATOne
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.
Business Wire
10-07-2025
- Automotive
- Business Wire
DAT to showcase new services at the Walcott Truckers Jamboree
BEAVERTON, Ore.--(BUSINESS WIRE)--DAT Freight & Analytics will present its new Outgo freight factoring services and expanded DAT One capabilities next month at the Walcott Truckers Jamboree, a three-day celebration of trucking and the people who keep the industry rolling. 'The Walcott Truckers Jamboree is one of our favorite events on the calendar,' said Jeff Hopper, Chief Marketing Officer for DAT. 'This year, we're excited to introduce the trucking community to new services that can help them speed up cash flow, secure their operating authority, and take advantage of more opportunities on DAT One, the industry's largest load board.' New products on display: Factoring with Outgo: Carriers on the DAT One network can now factor invoices through Outgo, DAT's integrated financial services platform. Any load posted to the DAT network with a black dollar sign ('$') is eligible for factoring with no annual contracts and no reserves. Carriers can access factorable funds as soon as an invoice is approved, typically within 90 minutes or less. Factoring through Outgo is also available to non-subscribers of DAT One, offering more carriers a faster way to access cash flow. DAT Copilot: Copilot offers new owner-operators one-on-one coaching throughout the process of obtaining federal motor carrier authority, providing guidance on documentation, insurance compliance, fuel taxes, vehicle registration, and more. Eight new load and equipment options: DAT One now supports eight more load and equipment types, including Sprinter van, box truck, and power-only options. As one of the most frequently requested updates, the addition of Sprinter vans and box trucks creates new opportunities for carriers to find specialized freight and expand their business. In addition, DAT is proud to support the St. Christopher Truckers Relief Fund, a nonprofit dedicated to helping long-haul truckers and their families when illness or injury threatens their livelihoods. St. Christopher Truckers Relief Fund will have its own booth at the Jamboree to promote driver health and assistance to truckers experiencing medical hardship. Connect with DAT at the Walcott Truckers Jamboree: As the first choice for truckers and freight brokers, DAT One has more loads and trucks than any other load board. Visit the DAT booth to learn more about how DAT One can drive your business forward. 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 financial services platform for truckers. 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. Outgo is a financial technology company and not a bank. Banking services provided by TransPecos Banks, SSB, Members FDIC. To learn more, visit
Business Wire
19-06-2025
- Business
- Business Wire
DAT: Typical May truckload rates, volumes masked tariff turmoil
BEAVERTON, Ore.--(BUSINESS WIRE)--Spot truckload van and refrigerated freight volumes rose modestly in May as shippers positioned inventory ahead of summer and potential tariffs, said DAT Freight & Analytics, which operates the DAT One freight marketplace and DAT iQ data analytics service. The DAT Truckload Volume Index (TVI) reflected typical seasonal changes: Van TVI: 247, up 3% compared to April Refrigerated ('reefer') TVI: 200, up 5% Flatbed TVI: 309, down 4% Year-over-year monthly comparisons for van freight were negative for the second consecutive month, slipping 1.4% compared to May 2024. The Reefer TVI was up 6% year over year and the Flatbed TVI increased 3% compared to May 2024. Spot van, reefer rates gained Amid relatively steady freight volumes, spot van and reefer rates increased solidly: Spot van: $1.99 per mile, up 3 cents from April Spot reefer: $2.36 per mile, up 9 cents Spot flatbed: $2.57 per mile, unchanged The van linehaul rate averaged $1.62 per mile, up 5 cents month over month, while the reefer rate rose 10 cents to $1.95. The flatbed linehaul rate increased 1 cent to $2.12. Typically, van and reefer rates rise in May as demand to move produce and retail goods ahead of the Memorial Day holiday increases, and drivers plan downtime around the three-day Commercial Vehicle Safety Alliance Roadcheck enforcement event in the middle of the month. 'The averages signaled normal seasonality in May, although in reality, there were swings in rates and volumes from week to week,' said Ken Adamo, Chief of Analytics for DAT. 'Between Roadcheck, Memorial Day, and shippers adjusting imports due to tariffs, it was an uneven and challenging month for carriers, brokers, and shippers.' Contract rates slipped Contract truckload rates dipped compared to April: Contract Van: $2.39 per mile, down 1 cent month over month and 4 cents lower year over year Contract Reefer: $2.72 per mile, down 2 cents and 7 cents lower year over year Contract Flatbed: $3.07 per mile, down 1 cent and 3 cents lower year over year The DAT Truckload Volume Index reflects the change in the number of loads with a pickup date during that month. A baseline of 100 equals the number of loads moved in January 2015, as recorded in DAT RateView, a database tracking rates paid on an average of 3 million loads per month. DAT benchmark spot rates are derived from invoice data for hauls of 250 miles or more with a pickup date during the month reported. Linehaul rates deduct an average fuel surcharge amount, which was 37 cents, 41 cents, and 45 cents for vans, reefers, and flatbeds, respectively. 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 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.
Yahoo
21-05-2025
- Business
- Yahoo
Roper Exhibits Strong Prospects Despite Persisting Headwinds
Roper Technologies, Inc. ROP is benefiting from strength across its segments. Solid momentum across the Deltek, Vertafore, PowerPlan and Aderant businesses bodes well for the Application Software segment. The growing adoption of SaaS solutions and continued GenAI innovation are key catalysts to Aderant's growth and solid demand for SaaS solutions in the GovCon and private sectors and cloud offerings bode well for the Deltek business. The Vertafore business is gaining from excellent enterprise delivery capabilities to the largest customers in the market, which has also resulted in strong annual recurring revenue (ARR) growth. Strong customer retention and adoption of new SaaS solutions are aiding the PowerPlan demand for Gen AI-powered solutions within the ConstructConnect business and strong customer retention are fostering the growth of the Network Software segment. Increased average revenue per user (ARPU), driven by a rise in product packaging and continued customer cross-sell activity, is supporting the DAT business. Continued growth in SoftWriters and SHP alternate site healthcare businesses bodes well for the Technology enabled Products segment's growth is being supported by the solid performance of the Neptune business, due to continued demand for ultrasonic meters. Strength in the Verathon business, driven by strength across single-use BFlex & GlideScope offerings, bodes well for the segment. Strength in the NDI business, driven by strong demand for cardiac & orthopedic surgical programs, is aiding the segment as solidified its product portfolio and leveraged business opportunities through asset additions. It's worth noting that acquisitions boosted the company's sales by 8% in the first quarter of 2025. In March 2025, Roper signed a definitive deal with Insight Partners to acquire CentralReach, a provider of SaaS solutions for Applied Behavior Analysis treatment. The inclusion of CentralReach's leading software solutions, high recurring revenue mix and strong customer retention capability is expected to boost the company's organic revenue and EBITDA growth. Management expects the transaction to be completed in April/May 2025, conditioned on the fulfillment of certain customary closing December 2024, Roper's business unit, DAT Freight & Analytics, completed the acquisition of Trucker Tools LLC. The acquisition will enable the company to strengthen DAT's real-time GPS tracking and load optimization features on the DAT One platform. During the third quarter of 2024, Roper completed the acquisition of Transact Campus. The inclusion of Transact's expertise in campus technology and payment solutions enabled the company to boost its CBORD business, which provides food service, nutrition, access and security and campus commerce commitment to rewarding shareholders through dividends and share buybacks is encouraging. In the first quarter, the company rewarded its shareholders with a dividend payment of $88.6 million, up 10.1% year over year. Also, in 2024, it rewarded its shareholders with dividend payments of $321.9 million, up 10.9% year over year. In November 2024, the company hiked its dividend by 10%.In the year-to-date period, this Zacks Rank #3 (Hold) company's shares have gained 11.7% against the industry's 5.0% decline. Image Source: Zacks Investment Research ROP is dealing with escalating costs and expenses. In the first quarter of 2025, the cost of sales increased 17.9% year over year while selling, general and administrative expenses climbed 9.8%. Cost of sales, as a percentage of sales, was 31.3%, up 260 basis points year over year. Higher costs related to the amortization of acquired assets are pushing up operating expenses. Escalating costs, if not controlled, may impede the company's bottom has considerable exposure to overseas markets. This brings social and environmental risks as well as forex woes. A stronger U.S. dollar is weighing on the company's overseas business performance. Some better-ranked companies are discussed below:Unisys Corporation UIS currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks delivered a trailing four-quarter average earnings surprise of 46.9%. In the past 60 days, the Zacks Consensus Estimate for Unisys' 2025 earnings has increased 132%.Cognizant Technology Solutions Corporation CTSH presently carries a Zacks Rank #2 (Buy). The company delivered a trailing four-quarter average earnings surprise of 6.4%.In the past 60 days, the consensus estimate for CTSH's 2025 earnings has increased 1.6%. Ltd. TBLA presently carries a Zacks Rank of 2. It has a trailing four-quarter average earnings surprise of 12.3%.The Zacks Consensus Estimate for TBLA's 2025 earnings has increased20% in the past 60 days. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cognizant Technology Solutions Corporation (CTSH) : Free Stock Analysis Report Roper Technologies, Inc. (ROP) : Free Stock Analysis Report Unisys Corporation (UIS) : Free Stock Analysis Report Ltd. (TBLA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
DAT acquires Outgo, enters race to become dominant freight exchange platform
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. DAT isn't merely expanding its portfolio; it's restructuring how transactions flow through the freight marketplace. The logistics world has historically dealt with payment delays that could stretch for weeks. With Outgo's technology now embedded in DAT One, carriers can get paid within hours, sometimes in as little as 15 minutes, according to a news release, which added that this brings a level of liquidity that's vital for small carriers and owner-operators whose businesses run on thin margins. Founded in 2022 by former Uber and Convoy technologists, Outgo has focused its efforts on disrupting freight finance by bundling banking, factoring and payment services into a single platform. Its 'fractional factoring' model gives carriers more control, allowing them to factor only what they need, when they need it, compared to the traditional carrier-factoring relationship that required long-term contracts or minimums. 'We're relentlessly focused on transforming how carriers get paid so it's faster, more flexible, and puts them in control of their finances. … Joining a company with the reputation and trust that DAT has earned will allow us to continue to develop payment innovations at a greater scale for the benefit of both carriers and brokers,' said CEO and co-founder of Outgo Marcus Womack, in the to DAT CEO Jeff Clementz, the integration of Outgo reflects the company's broader ambition: to create a smarter, more connected logistics marketplace where load matching, compliance, visibility and now payments live under one roof. Brokers that meet Outgo's qualification standards receive a 'blue check,' signaling their loads are eligible for near-instant payment processing – a small badge with big implications for carrier trust and load prioritization. The implications go beyond efficiency. In a landscape increasingly vulnerable to fraud, delayed payments and identity theft, embedding secure, real-time payments within a trusted network enhances not only speed but also security. DAT has already invested in carrier vetting tools and authentication layers like its Carrier Management Suite and Trucker Tools acquisition; Outgo rounds out the stack of security improvements the company is focused on. This move also expands the already growing market in freight fintech. Triumph Financial has similarly been focused on leveraging its legacy fintech solutions to bring more value to its shipper, broker and carrier customers. The company recently acquired Isometric Technologies and to build its own freight intelligence and payments ecosystem. It already dominates a large share of freight brokerage payments and is rumored to be looking to enter load matching, a space historically ruled by freight carriers and brokers, the stakes are high. DAT is positioning itself not just as a load board, but as the freight industry's central exchange. Disclosure: Craig Fuller, founder and CEO of FreightWaves, is an investor in Outgo. Articles by Grace Sharkey Avocados, auto parts and ambushes: Inside Mexico's cargo theft crisis Flock Freight's shared truckload model hauls in $60M Series E Is English proficiency enforcement the right focus for safer roads?The post DAT acquires Outgo, enters race to become dominant freight exchange platform appeared first on FreightWaves.
