CargoSprint, a port and freight logistics technology company and a portfolio company of Lone View Capital, announced it has acquired Dray Dog, a port drayage software platform built to help drayage operators improve efficiency and reduce costs.
Dray Dog delivers data-driven drayage tools that enable operators to proactively plan, execute, and match scheduled container moves with available capacity. Its emphasis on appointment planning and operational workflows aligns with CargoSprint’s broader mission to reduce friction across the freight ecosystem and support landside operators who absorb much of the volatility in port operations.
The deal builds on CargoSprint’s expansion into the marine port community following its 2024 acquisition of Advent eModal. It underscores the company’s continued focus on purpose-built technology solutions for the freight industry.
Motor carriers and independent owner-operators play a critical role in the health of port communities and the reliability of global trade. CargoSprint said it plans to invest further in Dray Dog’s product and team, with a focus on improving decision-making and delivering operational outcomes that matter to drayage operators, including fewer preventable re-drives, tighter planning, and better alignment between dispatch capacity and terminal appointments.
The acquisition marks the second transaction CargoSprint has completed since Lone View Capital made its strategic investment in the company in 2024.
KEY QUOTES:
“The more we got to know the Dray Dog team and understand the technology, the more we appreciated the practical, carrier-centric approach that not only makes transformational business impact for the motor carrier’s bottom line, but also positively impacts terminal operators and the entire port community. We’re excited to invest behind the team and build on what’s already working, with a clear goal: continue creating real value for motor carriers and strengthen the port community.”
Caro Krissman, CEO of CargoSprint
“Drayage carriers face an incredibly difficult business and operational environment. Dray Dog is proud to serve this critical industry by helping carriers better align and execute their operations with port facilities in a way that improves outcomes for all stakeholders. Partnering with CargoSprint will allow Dray Dog to invest more aggressively in product improvements that further improve the trucker experience. We are grateful for the support of the trucking and broader port communities, and we will continue to work to help improve outcomes and build trust.”
Nathaniel Brown, Founder of Dray Dog
“CargoSprint has consistently focused on the people and workflows that make freight move. Dray Dog adds a carrier-obsessed, data-driven capability in one of the most operationally intense parts of the supply chain. We’re excited to support the combined team as they invest in the port community and deliver meaningful efficiency gains for motor carriers.”
Doug Ceto, Partner at Lone View Capital
