DAT Freight & Analytics has acquired Flexport's Convoy digital freight network platform, aiming to enhance automation and efficiency in freight transactions through advanced technology. This acquisition will provide freight brokers with a more efficient operational model and a broader freight matching network, ultimately driving the development of the entire industry.
DAT Freight & Analytics has acquired Flexport's Convoy platform to enhance the automation and direct access capabilities of freight brokers. This marks DAT's third acquisition in recent times, reflecting its strategic intent to drive digital transformation within the logistics industry.
DAT Freight & Analytics has announced the acquisition of Flexport's Convoy digital freight platform to enhance freight matching technology and automation. This move aims to drive digital transformation in the industry and strengthen market competitiveness.
DAT Freight & Analytics has announced the acquisition of Flexport's Convoy digital freight platform. This move will enhance its product offerings by integrating automation and digital freight matching technologies, bringing new development opportunities and value to the industry.
Flexport's sale of the Convoy platform, coupled with the acquisition of its technology, signals its ambition to create a one-stop global logistics service. By focusing on core business, strengthening trucking capabilities, and reducing operational costs, Flexport aims to meet customers' comprehensive logistics needs. This strategic move is intended to further realize Flexport's vision of providing end-to-end global logistics solutions.
Convoy introduces a new platform merging online booking with TMS capabilities, designed to help shippers streamline the bidding process, reduce freight spend, and ensure data security. The platform significantly shortens bidding timelines through automation and standardization of the tendering process. Furthermore, it leverages sandboxed routing guides to guarantee data privacy. This integrated approach aims to provide shippers with greater control, visibility, and efficiency in managing their freight operations, ultimately leading to cost savings and improved supply chain performance.
Convoy's digital freight network provides comprehensive supply chain visibility. By collecting over 1,000 data points, it empowers shippers to optimize operational spending, improve facility performance, reduce carbon emissions, and become shippers of choice. The network helps businesses lower costs, increase efficiency, and achieve sustainable development through real-time tracking, intelligent pricing, and optimized routing. Convoy enables data-driven decisions for improved supply chain performance and resilience.
Digital supply chains and digital freight networks are transforming traditional freight models. Data-driven optimization of transportation routes, load planning, and carrier selection enables cost reduction, efficiency gains, reduced carbon emissions, and enhanced business competitiveness. Platforms like Convoy provide robust data support, empowering shippers to achieve transparent supply chain management. This shift towards digitalization allows for real-time visibility, improved decision-making, and ultimately, a more resilient and sustainable supply chain.
Uber Freight, Convoy, and J.B. Hunt have jointly launched the Scheduling Standards Consortium to break down information silos in freight dispatch and boost efficiency by establishing unified API standards. This initiative aims to accelerate the digital transformation of the logistics industry. The first set of standards is expected to be released in the first quarter of next year and will eventually expand to other modes of transportation, achieving end-to-end standardization across the entire supply chain.
Uber Freight, Convoy, and J.B. Hunt have jointly formed the Scheduling Standards Consortium (SSC) to establish freight booking API standards, addressing industry scheduling challenges and enhancing efficiency. The consortium aims to onboard more industry partners to promote the implementation of standardized interfaces, ultimately achieving automation and intelligence in freight booking. This initiative seeks to streamline communication and data exchange between shippers, carriers, and brokers, leading to improved operational efficiency and reduced costs throughout the supply chain.
