The private equity-backed freight payment platform provider CargoSprint has acquired Dray Dog, a port drayage software platform, saying the move expands its landside execution capabilities and deepens its commitment to motor carriers.
Founded in 2012, Atlanta-based CargoSprint says it enhances efficiency in cargo operations, with a focus on the “middle mile.” It offers its flagship products—SprintPay, SprintPass, and eModal—to users such as freight forwarders, third-party logistics providers, cargo facilities, and transportation providers.
In 2024, the private equity firm Lone View Capital acquired a majority ownership stake in the company. And a month later, CargoSprint acquired Advent Intermodal Solutions LLC, whose cloud-based eModal platform makes it easier for ports, carriers, logistics providers and other stakeholders to move containers, increase equipment utilization, and optimize payment workflows.
Adding New Hampshire-based Dray Dog now extends CargoSprint’s services for motor carriers and independent owner-operators, the firm said. CargoSprint said it plans to further invest in Dray Dog’s product and team, leaning into its mission to improve decision-making and support operational outcomes that matter to drayage operators — such as fewer preventable re-drives, tighter planning, and better alignment between dispatch capacity and appointments.
Terms of the deal were not disclosed.