CargoSprint Acquires Dray Dog to Untangle Port Gridlock

LOS ANGELES, CA – February 20, 2026 – In a strategic move aimed at alleviating persistent bottlenecks in port logistics, CargoSprint announced today its acquisition of Dray Dog, a software platform specializing in optimizing drayage operations. The deal, backed by private equity firm Lone View Capital, signals a significant push to digitize one of the most friction-filled segments of the global supply chain.

This acquisition is CargoSprint's second major play in the marine logistics space since receiving a strategic investment from Lone View Capital in 2024. It follows the purchase of Advent eModal, the world's largest port community platform, and solidifies CargoSprint's ambition to create a comprehensive, integrated digital ecosystem for freight management, from air cargo to the chaotic landside environment of marine terminals.

Dray Dog's technology provides data-driven tools that help drayage operators—the trucking companies responsible for moving containers over short distances—proactively plan routes, manage appointments, and match scheduled moves with available driver capacity. The move is poised to inject much-needed efficiency into a sector plagued by delays and operational complexity.

A Lifeline for Landside Logistics

The port drayage market, valued at approximately $27 billion, is the critical connective tissue between ocean-going vessels and inland transportation networks. However, it is also a major source of supply chain inefficiency. Drayage operators routinely face immense challenges, including severe port congestion, unpredictable wait times, and a lack of real-time information. According to industry data, turn times at some U.S. terminals can exceed two hours for nearly a third of all containers, leading to wasted fuel, higher labor costs, and immense frustration for drivers.

Dray Dog was founded to address these specific pain points. Its platform focuses on appointment planning and workflow automation, allowing carriers to better align their operations with terminal schedules. The goal is to reduce preventable re-drives, tighten planning cycles, and optimize dispatch capacity.

“Drayage carriers face an incredibly difficult business and operational environment,” said Nathaniel Brown, Founder of Dray Dog, in the official announcement. “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.”

By empowering the motor carriers and independent owner-operators who absorb much of the volatility in port operations, the integration promises tangible benefits. For truckers, it could mean fewer hours spent idling in queues and more predictable schedules. For the broader port community, it offers the potential for smoother traffic flow and increased throughput.

Building an Integrated Freight Tech Powerhouse

The acquisition is more than just an addition of a new product; it is a key component of CargoSprint’s larger strategic vision. The company, which built its reputation on streamlining payment and workflow processes in air cargo with its SprintPay and SprintPass products, is now aggressively expanding its footprint across the entire freight landscape.

The 2024 acquisition of Advent eModal provided CargoSprint with a powerful port community system used for cargo visibility, terminal appointments, and payment processing. Now, the addition of Dray Dog brings a distinctly “carrier-obsessed” tool into the fold, focusing specifically on the needs of the trucking companies that interact with those ports.

This creates a powerful synergy. While Advent eModal provides the digital infrastructure for the port community, Dray Dog provides the specialized tools for the drayage operators within that community. The combination allows CargoSprint to offer a more holistic solution that connects payment, port-level scheduling, and carrier-side execution.

“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,” stated Caro Krissman, CEO of CargoSprint. “We’re excited to invest behind the team and build on what’s already working.”

The Private Equity Playbook in Action

Behind CargoSprint's aggressive expansion is Lone View Capital, a growth-oriented private equity firm with a clear investment thesis in technology. Lone View’s strategy focuses on investing in mission-critical software companies in fragmented, growing sectors—a description that perfectly fits the logistics technology space.

After acquiring a majority stake in CargoSprint in late 2024, Lone View has supported an ambitious M&A strategy designed to consolidate complementary technologies into a single, powerful platform. The acquisitions of Advent eModal and now Dray Dog demonstrate a calculated effort to build a market-leading entity that can address inefficiencies across multiple modes of transport.

“CargoSprint has consistently focused on the people and workflows that make freight move,” noted 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.”

This approach reflects a broader trend in the tech industry, where private equity firms are acting as strategic architects, funding consolidation to create scalable platforms that can solve complex, enterprise-level problems.

Reshaping a Competitive Market

CargoSprint's move is set to send ripples across the competitive drayage and logistics software market. The space includes established players like CargoWise Landside and drayage-specific TMS providers such as PortPro and TMSEZ. Historically, the sector has been characterized by a mix of comprehensive systems and niche point solutions.

With this acquisition, CargoSprint is positioning itself as a one-stop shop, combining payments, port community access, and drayage execution. This integrated offering puts pressure on competitors to either broaden their own platforms through R&D and partnerships or risk being outmaneuvered. The trend toward digitalization, accelerated by the supply chain disruptions of the pandemic, has created a fertile ground for such consolidation.

As CargoSprint begins integrating Dray Dog’s technology, the industry will be watching to see if this unified digital approach can finally deliver on the long-standing promise of a truly connected and efficient port ecosystem. The success of this integration could set a new standard for how technology is leveraged to solve the intricate and costly challenges of landside logistics, ultimately impacting the speed and reliability of global trade itself.