DAT acquires Trucker Tools, an innovator in real-time load tracking and visibility
BEAVERTON, Ore.--(BUSINESS WIRE)--December 17, 2024--
DAT Freight & Analytics has acquired the operations of Trucker Tools LLC, a leader in load visibility, automated booking, digital freight matching, and carrier engagement for commercial trucking.
The acquisition will expand DAT's ability to provide real-time GPS tracking and load optimization on the DAT One platform. DAT One is the industry's largest marketplace for spot truckload freight, with more than 668,000 loads posted daily and market rates based on $1 trillion in freight transactions.
"Real-time load tracking and digital freight matching are among the most dynamic technologies in our industry today and part of an important evolution in how truckload freight transactions are conducted," said Jeff Clementz, Chief Executive Officer, DAT. "Tracking and visibility have become critical needs for all of our customers, and we couldn't be more excited to deliver best-in-class solutions to them with Trucker Tools' capabilities."
"This is a tremendous opportunity for Trucker Tools to grow and benefit from the resources, expertise, and market reach of DAT," said Kary Jablonski, CEO of Trucker Tools. "By joining DAT, we're better positioned to shape the future of our industry while unlocking new opportunities for customers, employees, and partners."
Trucker Tools provides real-time visibility for more than 750 leading freight brokers and accelerates load tendering, rate negotiation, load booking, and digital document management through its Smart Load Board. Its popular Trucker Tools app helps 350,000 owner-operators, carriers, and drivers find and book loads on the spot market and manage replies to their offers and bids.
DAT acquired Trucker Tools from ASG, a portfolio company of Alpine Investors. Trucker Tools will operate under its current leadership, with Jablonski joining the DAT executive team.
"The technology and talented people behind Trucker Tools are an ideal fit for DAT," Clementz said. "We share a passion and commitment to helping customers be more effective and profitable, whether they're a one-person operation or part of a large enterprise. Together, Trucker Tools' real-time tracking and visibility and DAT's freight matching and analytics solutions will streamline the way freight brokers, carriers, and shippers do business."
Trucker Tools and ASG were represented by Raymond James as financial advisor and Willkie Farr & Gallagher LLP as legal advisor. The transaction closed today, December 17, 2024.
About Trucker Tools
Trucker Tools is a carrier-forward capacity sourcing and load-tracking solution. Our mobile app for carriers provides drivers with valuable resources on the road, access to a free-to-use load board, and multiple tracking options to meet their needs. With tremendous adoption, over 350,000 unique MCs have downloaded our app. By leveraging what we know about our carrier network, we have reimagined the carrier rep function with an innovative capacity sourcing suite powered by automation and provided leading brokerages with load tracking at over 90% visibility compliance. Today, Trucker Tools is the carrier-preferred freight platform. For more information visit www.truckertools.com
About DAT Freight & Analytics
DAT Freight & Analytics operates both the largest truckload freight marketplace and truckload freight data analytics service 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 annual freight matches, and a database of $150 billion in annual freight market transactions.
Founded in 1978, DAT is a business unit of Roper Technologies (Nasdaq: ROP), a constituent of the Nasdaq 100, S&P 500, and Fortune 1000. DAT is headquartered in Beaverton, Ore. Visit dat.com for more information
View source version on businesswire.com: https://www.businesswire.com/news/home/20241217380802/en/
CONTACT: Media contacts:
Georgia Jablon
DAT Freight & Analytics
georgia.jablon@dat.com
904.305.6454
Stephen Petit
DAT Freight & Analytics
stephen.petit@dat.com
425.443.8976
(END) Dow Jones Newswires
December 17, 2024 12:00 ET (17:00 GMT)
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