Convoy Platform
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3-way combo emerges for digital load matching: DAT, AscendTMS and Convoy
Yahoo Finance· 2026-01-07 23:38
Core Insights - The integration of the Convoy tech stack into the AscendTMS transportation management system marks a significant step in the revival of AscendTMS, which is primarily known for its load board services [1] - The Convoy Platform, previously developed by the now-closed digital brokerage Convoy, is now fully integrated into AscendTMS, allowing brokers to conduct digital freight matching and transactions [5][6] Group 1: Integration and Functionality - The integration of the Convoy Platform into AscendTMS is described as one of the most comprehensive partnerships undertaken by AscendTMS [2] - AscendTMS connects to approximately 90 factoring companies, enhancing its service offerings [3] - The Convoy Platform requires integration with a TMS to function, as it relies on the data contained within the TMS for broker and carrier collaboration [6] Group 2: Historical Context and Ownership - The "old" Convoy was previously available through AscendTMS before Convoy's closure in October 2023, after which the technology was sold to Flexport and then to DAT [4] - DAT, a subsidiary of Roper Technologies, has now reintroduced the Convoy Platform into AscendTMS, which is positioned as the only multi-tenant TMS supporting this platform [6] Group 3: Operational Process - A load posted to the DAT load board will be processed through the Convoy Platform, enabling instant matching with certified carriers [7] - The process allows users to complete load bookings through full digitization, streamlining operations for brokers and carriers [7]