CargoSprint Acquires Dray Dog

Strategic acquisition expands CargoSprint’s landside execution capabilities and deepens its commitment to motor carriers.

LOS ANGELES–(BUSINESS WIRE)–CargoSprint, a Lone View Capital portfolio company, announced today it has acquired Dray Dog, a port drayage software platform designed to help drayage operators improve efficiency and reduce costs.

Dray Dog provides data-driven drayage tooling that helps proactively plan, execute, and match scheduled moves with available capacity. The platform’s focus on appointment planning and workflows aligns closely with CargoSprint’s broader mission to reduce friction across the freight ecosystem and empower the people who make global commerce happen — including the landside operators who absorb much of the volatility in port operations.

This acquisition builds on CargoSprint’s expansion into the marine port community through its 2024 acquisition of Advent eModal. It reflects the company’s continued investment in purpose-built solutions for the freight industry.

Motor carriers and independent owner-operators are essential to the health of port communities and the reliability of global trade. CargoSprint 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.

“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,” said Caro Krissman, CEO of CargoSprint. “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.”

“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,” said Nathaniel Brown, Founder of Dray Dog. “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.”

The acquisition is the second CargoSprint has made since Lone View Capital’s strategic investment in the company in 2024.

“CargoSprint has consistently focused on the people and workflows that make freight move,” said Doug Ceto, Partner at Lone View Capital. “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.”

About CargoSprint

CargoSprint is a technology innovator transforming the global cargo industry by enabling the people who make global commerce happen since 1995. Its flagship products, SprintPay, SprintPass, and eModal, streamline payment processing and optimize cargo logistics from planning to delivery. The company operates globally with offices in the United States and Mexico. For more information about CargoSprint’s offerings, visit www.cargosprint.com.

About Dray Dog

Dray Dog is an innovator in port drayage software designed to help drayage trucking companies move containers out of terminals more efficiently and cost-effectively. Dray Dog provides tools for drayage appointment and capacity management that help both motor carriers and the broader port community. For more information about Dray Dog, visit www.draydog.com.

About Lone View Capital

Lone View Capital is a growth-oriented private equity firm investing across the technology ecosystem. Its team comprises both investors and operators who leverage deep domain expertise to help exceptional management teams build, transform, and grow market-leading businesses. The firm is based in Los Angeles, CA. For more information about Lone View’s investment strategy and model, visit www.loneviewcap.com.

Contacts

Media:
CargoSprint
Bernie Griesbach
[email protected]