DAT Freight & Analytics has announced the acquisition of the Convoy Platform from Flexport, a strategic move that strengthens its automation and digital freight-matching capabilities, according to an official statement.
The DAT Convoy Platform acquisition brings cutting-edge tools to freight brokers, enabling the automation of nearly all freight transaction processes and seamless connection with trusted carriers. This new platform complements DAT’s flagship subscription-based solution, DAT One, where close to 700,000 loads are posted each day.
“The acquisition of Convoy demonstrates DAT’s ongoing commitment to enhancing network value for our customers,” says 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,” says 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.”
Petersen of Flexport noted that the Convoy Platform is now stronger, more widely adopted, and significantly more valuable than at the time of acquisition. As the platform evolved, it became clear that realising its full potential would require it to function as a neutral infrastructure layer within the freight ecosystem.
“This sale allows us to focus our capital and energy on our core business: helping the world’s most beloved brands move goods through global logistics, customs, and technology. It sets the Convoy Platform up for long-term success as a neutral infrastructure layer that integrates across shippers, brokers, and carriers.”
Flexport acquired the Convoy Platform and associated IP in October 2023, launching it publicly in April 2024 to serve all brokers. Its rapid adoption by thousands of carriers proved its strength as a neutral, digital freight marketplace.
The DAT Convoy Platform acquisition enhances DAT’s technology stack by incorporating an experienced team led by Bill Driegert, who joins DAT’s executive leadership. The platform includes advanced AI-driven fraud prevention, a widely used mobile app by 30,000+ carriers (mostly owner-operators and small fleets), and integrated QuickPay functionality for fast, secure payments.
Looking ahead, DAT plans to integrate the Convoy Platform into its DAT One ecosystem, creating a unified solution that blends automated and manual freight-matching. This will give brokers flexible options and provide carriers with streamlined access to high-quality loads through DAT’s expansive and trusted network.
