Flexport announces it is selling Convoy's tech to DAT Freight & Analytics, after acquiring the digital freight startup's tech stack in late 2023 (@johnhkingston / FreightWaves) https://t.co/FxyTbBYjVz https://t.co/Rr9okbbuCD https://t.co/ZOzeer1FAj
.@flexport launched Convoy Platform just a little under 18 months ago. By @kginalex @datfreightteam https://t.co/bQT3HUpXZt
Flexport sells former freight unicorn Convoy’s tech two years after buying it: https://t.co/WbNi9fQghY by TechCrunch #infosec #cybersecurity #technology #news
J.B. Hunt Transport Services reported its second-quarter 2025 earnings with revenue of $2.93 billion, essentially flat year-over-year and slightly above estimates of $2.92 billion. Earnings per share (EPS) came in at $1.31, matching analyst expectations and remaining flat compared to the previous year. Operating income declined by 4% to $197.3 million, while net income fell 5% to $128.6 million. Segment performance was mixed: intermodal revenue was steady at $1.44 billion, with intermodal load volume increasing 6%, and truckload (TL) load volume rising 13%, though revenue per load excluding fuel surcharges declined by 4%. The company highlighted $100 million in cost savings initiatives and emphasized operational excellence amid ongoing market volatility affecting global supply chains and trade patterns. Additionally, J.B. Hunt repurchased 2.4 million shares for $319 million in the quarter, with $335 million remaining under its repurchase authorization. Meanwhile, in related freight industry news, Flexport announced the sale of Convoy's technology to DAT Freight & Analytics, approximately 18 months after launching the Convoy Platform and two years after acquiring the digital freight startup's tech stack.