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DAT and Convoy have dropped their mutual lawsuits after reaching a confidential out-of-court settlement.
DAT Solutions and digital freight brokerage Convoy have dismissed their lawsuits against each other, following a confidential out-of-court settlement. The legal battle, which began in January 2022, revolved around allegations of breach of contract and theft of trade secrets from DAT, and counterclaims of illegal trade restraint by Convoy. The recent agreement leaves DAT's noncompete and exclusivity clauses formally intact but the implications for current DAT customers remain uncertain.
Source: FreightWaves
In one of the most watched lawsuits in freight tech, Convoy and DAT have settled their lawsuit.
— Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) July 17, 2023
The momentum was on Convoy's side which made a substantial anti-trust claim, which would have been far more damaging to DAT's business had they won in court. https://t.co/KnczhxuLHo
Special damages, also known as consequential damages, are extra costs not automatically covered by the carrier. They arise from the consequences of damaged or delayed freight. Here's what brokers and shippers need to know.
Darren also revealed they’re developing a new platform designed exclusively for carriers.
In 2023, the top 10 brokerages earned $53.25 billion in gross revenue. In 2024, that figure dropped to $43.77 billion — an almost 18% decrease.
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