The deal is DAT’s third in seven months as the freight marketplace seeks to build a multifaceted and trusted truckload transactional platform.
The company did not disclose the identity of the potential Chinese investor in the $23 billion deal, although it is widely thought to be Cosco Shipping Holdings.
US Customs and Border Protection requires importers to maintain a bond for estimated duties owed, a number that has increased significantly as new tariffs take effect.