DAT and Convoy reach amicable settlement of pending litigation
18 July 2023 - 11:30PM
Business Wire
DAT Freight & Analytics, which operates the DAT One
marketplace for spot truckload freight and the DAT iQ analytics
service, and Convoy, a leading digital freight network, today
announced the amicable settlement of pending legal action between
DAT and Convoy:
“DAT and Convoy have amicably resolved their dispute on
confidential terms, including a payment by Convoy to DAT to avoid
the uncertainty and expense of continued litigation. Convoy
recognizes and appreciates DAT’s significant contributions to the
freight industry and both Convoy and DAT are pleased to put this
dispute behind them.”
About DAT Freight & Analytics
DAT Freight & Analytics operates the largest truckload
freight marketplace 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 freight matches and a database of $150 billion in annual
market transactions.
Founded in 1978, DAT is a wholly owned subsidiary of Roper
Technologies (NYSE: ROP), a diversified technology company and
constituent of the S&P 500 and Fortune 1000 indices.
About Convoy:
Convoy is a leading digital freight network. We move thousands
of truckloads around the country each day through our optimized,
connected network of carriers, saving money for shippers,
increasing earnings for drivers, and eliminating carbon waste for
our planet. We use technology and data to solve problems of waste
and inefficiency in the $800B trucking industry, which generates
over 87 million metric tons of wasted CO2 emissions from empty
trucks. For more, visit: convoy.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230718905253/en/
Annabel Reeves Corporate Communications, DAT Freight &
Analytics PR@dat.com / annabel.reeves@dat.com; 503-501-0143
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