Latest news with #Outgo
Yahoo
2 days ago
- Business
- Yahoo
DAT and OTR, embroiled in dispute over factoring, reach settlement and end battle
The legal battle between factoring company OTR Solutions and DAT Freight & Analytics has come to a quick end, with DAT disclosing Wednesday that OTR had 'voluntarily' ended its suit. The closure to the lawsuit comes a week after OTR had won a victory in the Superior Court of Cobb County, when a court ordered DAT Solutions to suspend the operations of Outgo, a financial services and factoring company DAT acquired in May. A spokesman for DAT, which put out a brief announcement about the end to the lawsuit, declined to answer questions submitted by FreightWaves about any provisions in the settlement.'Following the resolution, OTR voluntarily dismissed its lawsuit against DAT,' the statement said. The lawsuit's end came even as it appeared OTR had the upper hand in the dispute, at least in court. In the June 10 Cobb County decision, the court said OTR was likely to succeed on the claims it made in the lawsuit. The court ordered DAT to suspend operations of Outgo and come into compliance with a 2021 non-compete agreement between OTR and DAT. Whatever provisions were in the recent agreement between DAT and OTR, it does not appear OTR will have any sort of special presence on the DAT load board as it did before the Outgo acquisition.'DAT thanks OTR for their years of partnership and their collaboration in reaching a constructive outcome,' DAT said in a prepared statement. With the end of the lawsuit, and the ruling by Cobb County Superior County Judge Adele P. Grubbs, DAT is now free to market the factoring services of Outgo on its platform. 'Outgo, a DAT product, is fully operational through the DAT One platform—delivering fast, transparent payment services that help carriers manage cash flow and keep their businesses moving,' DAT said in its statement. OTR also declined to answer further questions beyond its prepared statement. 'OTR and DAT were able to reach an amicable resolution,' the statement said. 'We look forward to focusing our attention on serving the needs of our clients.' Before the Outgo acquisition, the relationship between OTR and DAT involved OTR paying referral fees to DAT, while the latter's load board had a blue checkmark next to OTR's name to signal DAT had reviewed OTR's creditworthiness for its factoring activities. DAT and OTR had a non-disclosure agreement signed in February 2021. That relationship was strengthened in August of that year with a 'referral and revenue sharing agreement.' More articles by John Kingston Despite quarterly loss and battered stock, Triumph Financial stays aggressive TriumphPay's LoadPay a new tool in fierce battle to get drivers paid fasterIndependent terminal operator Outpost adds four new facilities, targets more growth The post DAT and OTR, embroiled in dispute over factoring, reach settlement and end battle appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
- Business
- Yahoo
Georgia court determines DAT violated factoring non-compete with OTR Capital
Load board and data company DAT has been told to stop its factoring operations In a decision handed down Thursday afternoon. Introduction to the Case On June 10, 2025, the Superior Court of Cobb County, Georgia, granted emergency relief to OTR Capital, ordering DAT Solutions to suspend operations of its Outgo subsidiary and comply with a 2021 non-compete agreement. The court found that OTR was likely to succeed in its claims and faced 'a substantial threat of irreparable harm' without immediate judicial intervention. The dispute alleges that DAT Solutions breached non-compete and confidentiality provisions by acquiring Outgo, Inc., a factoring service provider competing directly with OTR in the transportation sector. The court's emergency order requires DAT to cease competitive actions through Outgo and stop using a 'blue checkmark' on its digital of the Relationship Between OTR and DAT Before the dispute, OTR and DAT maintained a cooperative business relationship. Founded in 2011, OTR, a Roswell, Georgia-based firm, provides factoring, banking, and payment services to the transportation industry, with factoring as a core operation. In February 2021, the parties signed a Non-Disclosure Agreement (NDA) to explore a referral partnership. DAT agreed to protect OTR's confidential data, acknowledging that any breach would cause 'irreparable harm' not quantifiable by financial damages. Their collaboration deepened in August 2021 with a 'Referral and Revenue Sharing Agreement,' including:A non-compete clause prohibiting DAT from directly competing with OTR's U.S. factoring business. Provisions barring DAT from using OTR's proprietary information to divert clients to competitors. A confidentiality agreement extending the NDA's terms, preventing DAT employees with access to OTR's confidential data from developing or supporting a DAT-affiliated accounts receivable financing service. Under this agreement, OTR became the preferred factoring provider on DAT's 'Load Board,' an online marketplace connecting trucking firms with freight clients. OTR paid DAT substantial referral fees, and the Load Board displayed a blue checkmark to indicate customer orders vetted by OTR for creditworthiness. DAT Solutions' Acquisition of Outgo, Inc. On May 15, 2025, DAT acquired Outgo, Inc., a financial technology and factoring service specializing in automated invoice payments. This acquisition shifted DAT into direct competition with OTR in the factoring services market. Post-acquisition, DAT integrated Outgo into its operations and marketed it aggressively. DAT's website promotes Outgo as 'Get smart factoring with Outgo, a DAT Product,' featuring a dedicated 'Freight Factoring' section. Outgo's CEO joined DAT's executive team, and Outgo's website emphasizes its status as a 'DAT Product.' Industry reports confirmed DAT's entry into factoring services, highlighting this competitive shift. Alleged Breaches of Agreements by DAT OTR alleges that DAT's acquisition and actions violated their agreements in several ways: Direct Competition Violating Non-Compete Clause: By acquiring and operating Outgo, DAT directly competes with OTR, breaching the non-compete agreement. Misuse of Confidential Information: OTR claims DAT exploited confidential client lists and pricing data, accessed under prior agreements, to compete against OTR. Client Targeting: Post-acquisition, OTR received communications from suggesting DAT used insider data to solicit OTR's clients. Removal of OTR References: DAT replaced OTR mentions on its platforms with Outgo, allegedly violating promotional obligations under the Referral Agreement. Market Confusion from Checkmark Usage: DAT's continued use of the blue checkmark, previously tied to OTR's credit evaluations, has confused clients about OTR's involvement. Consequences and Harm to OTR The court recognized DAT's actions as causing potential irreparable harm to OTR in several ways:Market Confusion: DAT's use of the blue checkmark misleads customers into associating DAT's services with OTR's credit evaluations, risking damage to OTR's reputation if services are inconsistent. Unfair Exploitation of Goodwill: DAT appears to capitalize on OTR's established market reputation by retaining similar markers while offering its own services, benefiting from OTR's brand without compensation. Ongoing Competitive Harm: Each day DAT competes directly with OTR results in lost client relationships, potentially causing permanent loss of current and future clients. This harm is exacerbated as OTR paid significant referral fees to DAT, assuming no competitive conflict. Unaware of DAT's plan to enter the factoring market, OTR inadvertently funded its own competitor. Legal Actions and Court Orders OTR filed a Verified Complaint for Injunctive Relief and Damages in Cobb County Superior Court, followed by a Motion for Emergency Hearing, which was granted. On June 10, 2025, Senior Judge Adele P. Grubbs issued an emergency order after the hearing, finding: OTR faced a significant threat of irreparable harm without immediate relief. The harm to OTR outweighed any potential harm to DAT from compliance. OTR was substantially likely to prevail on its claims. The order served the public interest. The emergency order mandates DAT to comply with the non-compete clause by: Refraining from competing with OTR's U.S. factoring business through Outgo. Ceasing all U.S.-based factoring services via Outgo. Discontinuing the use of the blue checkmark for factoring indications on DAT-controlled online platforms. This order remains in effect until a full hearing on OTR's request for an expedited interlocutory injunction. The post Georgia court determines DAT violated factoring non-compete with OTR Capital appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
DAT acquires Outgo, enters race to become dominant freight exchange platform
DAT Freight & Analytics acquired factoring and fintech provider Outgo on Thursday, bringing modern payment infrastructure into the DAT One ecosystem and redefining how freight carriers book and get paid for loads. Terms of the deal were not disclosed. DAT isn't merely expanding its portfolio; it's restructuring how transactions flow through the freight marketplace. The logistics world has historically dealt with payment delays that could stretch for weeks. With Outgo's technology now embedded in DAT One, carriers can get paid within hours, sometimes in as little as 15 minutes, according to a news release, which added that this brings a level of liquidity that's vital for small carriers and owner-operators whose businesses run on thin margins. Founded in 2022 by former Uber and Convoy technologists, Outgo has focused its efforts on disrupting freight finance by bundling banking, factoring and payment services into a single platform. Its 'fractional factoring' model gives carriers more control, allowing them to factor only what they need, when they need it, compared to the traditional carrier-factoring relationship that required long-term contracts or minimums. 'We're relentlessly focused on transforming how carriers get paid so it's faster, more flexible, and puts them in control of their finances. … Joining a company with the reputation and trust that DAT has earned will allow us to continue to develop payment innovations at a greater scale for the benefit of both carriers and brokers,' said CEO and co-founder of Outgo Marcus Womack, in the to DAT CEO Jeff Clementz, the integration of Outgo reflects the company's broader ambition: to create a smarter, more connected logistics marketplace where load matching, compliance, visibility and now payments live under one roof. Brokers that meet Outgo's qualification standards receive a 'blue check,' signaling their loads are eligible for near-instant payment processing – a small badge with big implications for carrier trust and load prioritization. The implications go beyond efficiency. In a landscape increasingly vulnerable to fraud, delayed payments and identity theft, embedding secure, real-time payments within a trusted network enhances not only speed but also security. DAT has already invested in carrier vetting tools and authentication layers like its Carrier Management Suite and Trucker Tools acquisition; Outgo rounds out the stack of security improvements the company is focused on. This move also expands the already growing market in freight fintech. Triumph Financial has similarly been focused on leveraging its legacy fintech solutions to bring more value to its shipper, broker and carrier customers. The company recently acquired Isometric Technologies and to build its own freight intelligence and payments ecosystem. It already dominates a large share of freight brokerage payments and is rumored to be looking to enter load matching, a space historically ruled by freight carriers and brokers, the stakes are high. DAT is positioning itself not just as a load board, but as the freight industry's central exchange. Disclosure: Craig Fuller, founder and CEO of FreightWaves, is an investor in Outgo. Articles by Grace Sharkey Avocados, auto parts and ambushes: Inside Mexico's cargo theft crisis Flock Freight's shared truckload model hauls in $60M Series E Is English proficiency enforcement the right focus for safer roads?The post DAT acquires Outgo, enters race to become dominant freight exchange platform appeared first on FreightWaves.
Yahoo
15-05-2025
- Business
- Yahoo
DAT redefines freight payments with Outgo acquisition
BEAVERTON, Ore., May 15, 2025--(BUSINESS WIRE)--DAT Freight & Analytics has acquired Outgo Inc., adding fast, transparent payments to the industry's largest freight marketplace. Outgo is a financial technology company and factoring service that automates invoice payments and other back-office functions for trucking companies. The acquisition reinforces DAT's commitment to helping freight carriers find the best loads, book them quickly, and get paid almost instantly—all in one place. "Cash flow is the lifeblood of small carriers, and at the heart of any great high-trust marketplace is the payment connection between the buyer and seller," said Jeff Clementz, Chief Executive Officer and President of DAT. "Outgo sets the industry standard for funding speed, transparency, and flexibility." Outgo automates broker setup, invoicing, factoring, and collections without long-term contracts or minimums. It commits to settling approved unpaid invoices within four hours, with many processed in as little as 15 to 90 minutes. Going forward, carriers on DAT One will have access to Outgo's AI-powered payment services. Any load posted to the DAT network with a blue checkmark is eligible for factoring, so carriers can feel assured that they'll get paid quickly. "Acquiring Outgo paves the way for DAT to embed payments and financial services into our DAT One freight platform," Clementz said. "We can bring more value to our customers and build on our position as the industry's most trusted marketplace by offering a smarter, faster path to payment that's fully integrated into the customer's workflow." "We're relentlessly focused on transforming how carriers get paid so it's faster, more flexible, and puts them in control of their finances," said Marcus Womack, Chief Executive Officer and co-founder of Outgo. "Joining a company with the reputation and trust that DAT has earned will allow us to continue to develop payment innovations at a greater scale for the benefit of both carriers and brokers." Outgo was launched in 2022 by senior leaders from transportation technology companies, including Uber and Convoy. Outgo will operate from its Seattle office as a distinct service within DAT, with Womack joining the DAT executive team. Outgo will continue to provide customer support through multiple channels, with user-friendly tools both on the web and on its app. "By combining the Outgo team's deep payments expertise with DAT's award-winning customer support and freight match knowledge, customers can get the support they need to find work and get paid, all in one platform," Womack said. For more information about DAT One and factoring with Outgo, visit About Outgo Outgo is a modern payments platform for freight. Outgo has rebuilt factoring to put the carrier first, and bundles banking and factoring to make funds instantly available. Founded by former executives at top transportation companies, the company was launched in 2022 and is headquartered in Seattle. To learn more, visit Outgo is a financial technology company and not a bank. Banking services provided by TransPecos Banks, SSB, Members FDIC. About DAT Freight & Analytics DAT Freight & Analytics operates DAT One, North America's largest truckload freight marketplace; DAT iQ, the industry's leading freight data analytics service; and Trucker Tools, the leader in load visibility. Shippers, transportation brokers, carriers, news organizations, and industry analysts rely on DAT for market trends and data insights, informed by nearly 700,000 daily load posts and a database exceeding $1 trillion in 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. Headquartered in Beaverton, Oregon, DAT continues to set the standard for innovation in the trucking and logistics industry. Visit for more information. View source version on Contacts DAT Contact Georgia JablonPR@ / Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
15-05-2025
- Business
- Business Wire
DAT redefines freight payments with Outgo acquisition
BEAVERTON, Ore.--(BUSINESS WIRE)--DAT Freight & Analytics has acquired Outgo Inc., adding fast, transparent payments to the industry's largest freight marketplace. The acquisition reinforces DAT's commitment to helping freight carriers find the best loads, book them quickly, and get paid almost instantly—all in one place. Outgo is a financial technology company and factoring service that automates invoice payments and other back-office functions for trucking companies. The acquisition reinforces DAT's commitment to helping freight carriers find the best loads, book them quickly, and get paid almost instantly—all in one place. 'Cash flow is the lifeblood of small carriers, and at the heart of any great high-trust marketplace is the payment connection between the buyer and seller,' said Jeff Clementz, Chief Executive Officer and President of DAT. 'Outgo sets the industry standard for funding speed, transparency, and flexibility.' Outgo automates broker setup, invoicing, factoring, and collections without long-term contracts or minimums. It commits to settling approved unpaid invoices within four hours, with many processed in as little as 15 to 90 minutes. Going forward, carriers on DAT One will have access to Outgo's AI-powered payment services. Any load posted to the DAT network with a blue checkmark is eligible for factoring, so carriers can feel assured that they'll get paid quickly. 'Acquiring Outgo paves the way for DAT to embed payments and financial services into our DAT One freight platform,' Clementz said. 'We can bring more value to our customers and build on our position as the industry's most trusted marketplace by offering a smarter, faster path to payment that's fully integrated into the customer's workflow.' 'We're relentlessly focused on transforming how carriers get paid so it's faster, more flexible, and puts them in control of their finances," said Marcus Womack, Chief Executive Officer and co-founder of Outgo. 'Joining a company with the reputation and trust that DAT has earned will allow us to continue to develop payment innovations at a greater scale for the benefit of both carriers and brokers.' Outgo was launched in 2022 by senior leaders from transportation technology companies, including Uber and Convoy. Outgo will operate from its Seattle office as a distinct service within DAT, with Womack joining the DAT executive team. Outgo will continue to provide customer support through multiple channels, with user-friendly tools both on the web and on its app. 'By combining the Outgo team's deep payments expertise with DAT's award-winning customer support and freight match knowledge, customers can get the support they need to find work and get paid, all in one platform,' Womack said. For more information about DAT One and factoring with Outgo, visit About Outgo Outgo is a modern payments platform for freight. Outgo has rebuilt factoring to put the carrier first, and bundles banking and factoring to make funds instantly available. Founded by former executives at top transportation companies, the company was launched in 2022 and is headquartered in Seattle. To learn more, visit Outgo is a financial technology company and not a bank. Banking services provided by TransPecos Banks, SSB, Members FDIC. About DAT Freight & Analytics DAT Freight & Analytics operates DAT One, North America's largest truckload freight marketplace; DAT iQ, the industry's leading freight data analytics service; and Trucker Tools, the leader in load visibility. Shippers, transportation brokers, carriers, news organizations, and industry analysts rely on DAT for market trends and data insights, informed by nearly 700,000 daily load posts and a database exceeding $1 trillion in 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. Headquartered in Beaverton, Oregon, DAT continues to set the standard for innovation in the trucking and logistics industry. Visit for more information.
