Latest news with #JeffClementz
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.
Yahoo
15-05-2025
- Business
- Yahoo
DAT redefines freight payments with Outgo acquisition
BEAVERTON, Ore., May 15, 2025--(BUSINESS WIRE)--DAT Freight & Analytics has acquired Outgo Inc., adding fast, transparent payments to the industry's largest freight marketplace. Outgo is a financial technology company and factoring service that automates invoice payments and other back-office functions for trucking companies. The acquisition reinforces DAT's commitment to helping freight carriers find the best loads, book them quickly, and get paid almost instantly—all in one place. "Cash flow is the lifeblood of small carriers, and at the heart of any great high-trust marketplace is the payment connection between the buyer and seller," said Jeff Clementz, Chief Executive Officer and President of DAT. "Outgo sets the industry standard for funding speed, transparency, and flexibility." Outgo automates broker setup, invoicing, factoring, and collections without long-term contracts or minimums. It commits to settling approved unpaid invoices within four hours, with many processed in as little as 15 to 90 minutes. Going forward, carriers on DAT One will have access to Outgo's AI-powered payment services. Any load posted to the DAT network with a blue checkmark is eligible for factoring, so carriers can feel assured that they'll get paid quickly. "Acquiring Outgo paves the way for DAT to embed payments and financial services into our DAT One freight platform," Clementz said. "We can bring more value to our customers and build on our position as the industry's most trusted marketplace by offering a smarter, faster path to payment that's fully integrated into the customer's workflow." "We're relentlessly focused on transforming how carriers get paid so it's faster, more flexible, and puts them in control of their finances," said Marcus Womack, Chief Executive Officer and co-founder of Outgo. "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." Outgo was launched in 2022 by senior leaders from transportation technology companies, including Uber and Convoy. Outgo will operate from its Seattle office as a distinct service within DAT, with Womack joining the DAT executive team. Outgo will continue to provide customer support through multiple channels, with user-friendly tools both on the web and on its app. "By combining the Outgo team's deep payments expertise with DAT's award-winning customer support and freight match knowledge, customers can get the support they need to find work and get paid, all in one platform," Womack said. For more information about DAT One and factoring with Outgo, visit About Outgo Outgo is a modern payments platform for freight. Outgo has rebuilt factoring to put the carrier first, and bundles banking and factoring to make funds instantly available. Founded by former executives at top transportation companies, the company was launched in 2022 and is headquartered in Seattle. To learn more, visit Outgo is a financial technology company and not a bank. Banking services provided by TransPecos Banks, SSB, Members FDIC. 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; and Trucker Tools, the leader in load visibility. 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. View source version on Contacts DAT Contact Georgia JablonPR@ / 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
Business Wire
15-05-2025
- Business
- Business Wire
DAT redefines freight payments with Outgo acquisition
BEAVERTON, Ore.--(BUSINESS WIRE)--DAT Freight & Analytics has acquired Outgo Inc., adding fast, transparent payments to the industry's largest freight marketplace. The acquisition reinforces DAT's commitment to helping freight carriers find the best loads, book them quickly, and get paid almost instantly—all in one place. Outgo is a financial technology company and factoring service that automates invoice payments and other back-office functions for trucking companies. The acquisition reinforces DAT's commitment to helping freight carriers find the best loads, book them quickly, and get paid almost instantly—all in one place. 'Cash flow is the lifeblood of small carriers, and at the heart of any great high-trust marketplace is the payment connection between the buyer and seller,' said Jeff Clementz, Chief Executive Officer and President of DAT. 'Outgo sets the industry standard for funding speed, transparency, and flexibility.' Outgo automates broker setup, invoicing, factoring, and collections without long-term contracts or minimums. It commits to settling approved unpaid invoices within four hours, with many processed in as little as 15 to 90 minutes. Going forward, carriers on DAT One will have access to Outgo's AI-powered payment services. Any load posted to the DAT network with a blue checkmark is eligible for factoring, so carriers can feel assured that they'll get paid quickly. 'Acquiring Outgo paves the way for DAT to embed payments and financial services into our DAT One freight platform,' Clementz said. 'We can bring more value to our customers and build on our position as the industry's most trusted marketplace by offering a smarter, faster path to payment that's fully integrated into the customer's workflow.' 'We're relentlessly focused on transforming how carriers get paid so it's faster, more flexible, and puts them in control of their finances," said Marcus Womack, Chief Executive Officer and co-founder of Outgo. '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.' Outgo was launched in 2022 by senior leaders from transportation technology companies, including Uber and Convoy. Outgo will operate from its Seattle office as a distinct service within DAT, with Womack joining the DAT executive team. Outgo will continue to provide customer support through multiple channels, with user-friendly tools both on the web and on its app. 'By combining the Outgo team's deep payments expertise with DAT's award-winning customer support and freight match knowledge, customers can get the support they need to find work and get paid, all in one platform,' Womack said. For more information about DAT One and factoring with Outgo, visit About Outgo Outgo is a modern payments platform for freight. Outgo has rebuilt factoring to put the carrier first, and bundles banking and factoring to make funds instantly available. Founded by former executives at top transportation companies, the company was launched in 2022 and is headquartered in Seattle. To learn more, visit Outgo is a financial technology company and not a bank. Banking services provided by TransPecos Banks, SSB, Members FDIC. 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; and Trucker Tools, the leader in load visibility. 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
10-02-2025
- Business
- Yahoo
DAT iQ heads to Manifest Vegas to help shippers and brokers prep for a volatile year
LAS VEGAS, February 10, 2025--(BUSINESS WIRE)--DAT Freight & Analytics will showcase its DAT iQ analytics platform for shippers and a new carrier identity-authentication system for DAT One customers at Manifest Vegas 2025, the largest global gathering of supply chain technologies and professionals, from February 10-12. "Already, 2025 is generating volatility and opportunity for shippers and freight brokers," said DAT CEO & President Jeff Clementz. "Manifest is a great place to learn how we equip customers with the analytics and security solutions they need to build trusted relationships and navigate the evolving market." DAT will feature several products at Manifest: DAT iQ Benchmark delivers unmatched rate visibility and validation, network analysis, and predictive analytics for freight shippers and brokers, with pricing models trained on $1 trillion in customer-submitted transactions since 2010. Carrier Management Suite builds carrier authentication directly into the DAT One freight-match network. It eliminates the need for separate vendors to vet, onboard, track, and tender loads. Trucker Tools, acquired by DAT in December 2024, will exhibit its products for brokers at Booth 411, including its proven approach to using telematics for tracking freight and validating carrier identities. Connect with DAT at Manifest: Visit DAT at Booth 1032 and Trucker Tools at Booth 411. Join us at our Shipper Reception on Tuesday, February 11, for exclusive networking opportunities with peers, DAT Chief Scientist Dr. Chris Caplice, and the DAT iQ team. Visit the DAT booth for more information. Set up a meeting for a dedicated time to talk about your specific challenges. "Our expert guidance at Manifest gives shippers and brokers the insight they need to make the most of their investment in freight intelligence and analytics," said DAT CEO & President Jeff Clementz. "We would love a chance to show you how." About DAT Freight & Analytics DAT Freight & Analytics operates both the largest truckload freight marketplace and truckload freight data analytics service in North America. Shippers, transportation brokers, carriers, news organizations, and industry analysts rely on DAT for market trends and data insights based on more than 400 million annual freight matches, and a database of $150 billion in annual 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. DAT is headquartered in Beaverton, Ore. Visit for more information. View source version on Contacts Georgia JablonCorporate Communications, DAT Freight & 904-305-6454 Sign in to access your portfolio
