DAT to Acquire Flexport’s Convoy Platform

07/28/2025 – 01:00 PM

BEAVERTON, Ore. & SAN FRANCISCO–(BUSINESS WIRE)–In a strategic move echoing shifts in the freight and logistics landscape, DAT Freight & Analytics has announced the acquisition of the Convoy Platform from Flexport. This deal gives DAT a powerful advantage in automation and digital freight-matching technology.

DAT to acquire the Convoy Platform from Flexport

The Convoy Platform’s strength lies in automating nearly every facet of freight transactions, connecting brokers with trusted trucking companies. Think of it as a high-tech wingman for freight brokers navigating today’s complex market. It’s a potent addition to DAT One, DAT’s subscription-based load board, which is already a major player with around 700,000 loads posted daily.

“This acquisition underscores DAT’s commitment to bolstering the network value for our customer base,” said Jeff Clementz, President and CEO of DAT. “Together, we’re setting the stage to deliver a broader, more efficient freight-matching network. This empowers customers to manage greater load volumes, win incremental business, and ultimately, gain more choice in the market.”

Ryan Petersen, Founder and CEO of Flexport, characterized Flexport’s initial investment in Convoy Platform as a success. “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 initially acquired the Convoy Platform in October 2023, launching it as a freight-matching service open to all brokers in April 2024. Flexport’s forward-thinking view and investment in scaling the Convoy Platform as a neutral digital marketplace sets the stage for significant value creation for DAT and its broad customer base.

DAT’s innovative muscle will be further enhanced by the addition of:

• Deep Experience: Bill Driegert, a key figure from the Convoy Platform, joins DAT’s executive leadership team, bringing a wealth of experience along with the Convoy Platform’s engineers, product experts, and operations professionals.
• Fraud Prevention at Scale: Bolstering security, the Convoy Platform deploys proprietary machine learning and AI to verify carriers, blocking malicious actors. Brokers can dramatically reduce fraud risk and access a trusted network of vetted carrier capacity, all while streamlining operations and boosting business growth.
• Easy-to-Use Mobile Experience: The Convoy Platform is known for its high level of carrier satisfaction. Close to 30,000 carriers currently leverage the platform to find loads, simplify paperwork, and expedite payments.
• Fast, Reliable Payments: Carriers on the Convoy Platform have access to QuickPay, providing them with the convenience of efficient and reliable payment processing.

DAT plans to integrate the Convoy Platform into its flagship DAT One product, providing brokers with seamless access to both automated and hands-on freight-matching options. Carriers should benefit from a quicker, more streamlined way to discover quality loads from trusted brokers, backed by DAT’s established scale and industry reach.

For more information about the Convoy Platform, visit convoy.com/dat.

About DAT Freight & Analytics

DAT Freight & Analytics, is 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. DAT serves shippers, transportation brokers, carriers, news organizations, and industry analysts with market trends and data insights, aggregating 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 dat.com 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 www.ropertech.com.

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.

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Source: DAT Freight & Analytics