StockNews.AI
ROP
StockNews.AI
6 days

DAT to Acquire the Convoy Platform from Flexport

1. DAT Freight acquires Convoy Platform to enhance automation in freight transactions. 2. This acquisition may disrupt logistics firms, impacting ROP's competitive landscape.

M&A
+0.2%Current Return
VS
-0.21%S&P 500
$561.961507/28 01:22 PM EDTEvent Start
$563.0607/29 08:05 PM EDTLatest Updated
2m saved
Insight
Article

FAQ

Why Neutral?

While the acquisition bolsters DAT's capabilities, ROP's foundational business remains stable despite changes in automation trends.

How important is it?

The acquisition of advanced technology may elevate competition but does not markedly weaken ROP's core advantages.

Why No Impact?

The short-term operational improvements of DAT do not immediately influence ROP's market position or performance.

Related Companies

DATFLXP
BEAVERTON, Ore. & SAN FRANCISCO--(BUSINESS WIRE)--DAT Freight & Analytics has agreed to acquire the Convoy Platform from Flexport, adding best-in-class automation and digital freight-matching technology to its product portfolio. The Convoy Platform provides freight brokers a powerful way to automate virtually every aspect of the freight transaction and connect with trusted trucking companies. It is an ideal complement to DAT One, DAT's flagship subscription-based load board, where nearly 70.

Related News