FW DAILY | Less than 2 years after Flexport bought Convoy’s tech stack, it’s being sold to DAT

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TOP STORY

Less than 2 years after Flexport bought Convoy’s tech stack, it’s being sold to DAT

Third recent deal at DAT has potential to transform its ability to put together carriers and shippers; legacy Convoy brokerage business staying with Flexport

RAIL

Report: Union Pacific, Norfolk Southern could reach merger deal by next week

An agreement would create the first $200 billion railroad

TRADE

US-EU deal sets a 15% tariff on most goods from Europe

The tariff rate is a reduction from the 30% the Trump administration threatened on the EU July 12

MARITIME

South Korea offers billions to help make US shipbuilding ‘great again’

Seoul dangles multi-billion dollar partnership in U.S. trade talks

PARCEL

Teamsters call UPS driver buyout offer ‘paltry’

Clock ticking to accept severance package of $1,800 per year served

TRADE

Borderlands Mexico: Experts say US tariffs negatively impact businesses, consumers

CTPAT Informational Conference draws over 400 in Laredo

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The State of Freight Webinar | Decoding the Market Indicators for H2

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Q2 2025 Shipper Rate Report

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Market Movers

No capacity desert in Las Vegas

SONAR Key Market Insights: Las Vegas

Highlights

Las Vegas has consistently seen outbound tender rejection rates stay above 10%, currently sitting at 10.41%, indicating that there is some inflationary pressure in the market.

While rejections remain elevated compared to the national average of 5.53%, outbound tender volumes are down 1.03% w/w.

Capacity is tightening in the market as rejections climb and outbound volumes fall, meaning most outbound lanes will start to see an increase in rates as capacity becomes slightly harder to attain, but not as tight as previously in July.

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Breaking In, Breaking Down: How Cargo Theft is Disrupting Supply Chains

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CASE STUDY

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Quotable

“UPS Teamsters want secure retirements with hard-earned pensions, not paltry buyouts.”

— International Brotherhood of Teamsters

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