BEAVERTON, Ore.--(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.
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.