Reported 1 day ago
DAT Freight & Analytics has acquired Outgo, a fintech provider, to enhance its DAT One platform by enabling faster payments for freight carriers. This integration aims to alleviate long-standing payment delays in the logistics industry, allowing carriers to receive payments in as little as 15 minutes. Founded by former tech experts from Uber and Convoy, Outgo specializes in freight finance innovations that give carriers more control over their payments. The acquisition not only strengthens DAT's position in the freight market but also enhances security and efficiency, marking a significant shift in how transactions are conducted.
Source: YAHOO