Roper Technologies' DAT Reaches Amicable Settlement With Convoy On Pending Litigation
(RTTNews) - DAT Freight & Analytics, a wholly owned subsidiary of Roper Technologies, Inc. (ROP), and digital freight network Convoy, announced Tuesday an amicable settlement of pending legal action between DAT and Convoy.
The companies said they have amicably resolved their dispute on confidential terms, including a payment by Convoy to DAT to avoid the uncertainty and expense of continued litigation.
Convoy said it recognizes and appreciates DAT's significant contributions to the freight industry and both Convoy and DAT are pleased to put this dispute behind them.
DAT Freight & Analytics operates the DAT One marketplace for spot truckload freight and the DAT iQ analytics service.
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Malaysia Bourse May Give Up Support At 1,600 Points
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Continued Consolidation Called For South Korea Shares
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China Trade Data Due On Monday
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New Zealand Building Permits Rebound In November
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TSX Ends Notably Lower As Stocks Drop On Interest Rate Concerns
The Canadian market closed notably lower on Friday, hurt by rising bond yields, and fading optimism about interest rate cuts by the Federal Reserve after data showed stronger-than-expected growth in U.S. non-farm payroll employment.
Canadian employment data too came in stronger than expected, reducing prospects of any significant monetary easing by the Bank of Canada.
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