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ROPER TECHNOLOGIES (ROP)
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CORRECTING and REPLACING - Spot market volume drops nearly a third from December 2017

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01/11/2019 | 07:38pm EST

PORTLAND, Ore., Jan. 11, 2019 (GLOBE NEWSWIRE) -- In a release issued under the same headline on January 11, 2019, by DAT Solutions (NYSE: ROP), the images and captions accompanying the release were incorrect. The complete and updated press release with images follows:

DAT Freight Index 2014-2018
Freight availability slipped 6.3 percent on the spot market in December, month over month, according to truckload freight marketplace operator DAT Solutions.


DAT Spot Market Rates 2014-2018
Spot truckload freight rates dipped for van and refrigerated freight in December, but flatbed rates held steady, according to DAT Solutions, which maintains a rates database of $57 billion in annual market transactions.


DAT Freight Index numbers indicate truckload freight volumes slipped 27% in December 2018 against last year’s numbers. Load availability has trended downward since August as capacity loosened and trucks were more available. Despite the downturn, volume increased 7% overall for the year. 

Flatbed rates remained stable month over month, but dry van and refrigerated (“reefer”) rates fell slightly, due to declining fuel surcharges. Compared to 2017, flatbed rates rose, but vans and reefers lost momentum.

According to DAT Market Analyst Peggy Dorf, a surge in e-commerce freight did not bolster spot market numbers this year, as expected. ”Contract carriers handled a bigger share of the seasonal loads, taking advantage of new equipment and improved driver retention,” she added.

About DAT Freight Index
The DAT Freight Index reflects load posting volumes on DAT load board networks. A rating of 100 represents average monthly volumes in the year 2000. Rates are averaged by equipment type, based on $57 billion of actual transactions recorded in DAT RateView. Rate-per-mile figures include fuel surcharges. Find a full spectrum of industry trends and analysis at DAT Trendlines.

About DAT Solutions
DAT operates the largest truckload freight marketplace in North America. Transportation brokers, carriers, and industry analysts rely on DAT for market trends and data insights derived from 279 million freight matches and a database of $57 billion in annual market transactions. Services include a directory of companies with business history, credit, safety, insurance, and company reviews.
DAT Solutions LLC is a wholly owned subsidiary of Roper Technologies (NYSE: ROP), a diversified technology company and constituent of S&P 500, Fortune 1000, and Russell 1000 indices. DAT.com

Contact:
Eileen Hart, VP, Marketing/Communications

PR@dat.com | 503-672-5132

Photos accompanying this announcement are available at

http://www.globenewswire.com/NewsRoom/AttachmentNg/085e181e-ad0e-4ff6-8424-87e7aee2d758

http://www.globenewswire.com/NewsRoom/AttachmentNg/9ba8f372-48a9-4187-9267-844d02635400

DAT-nasdaq-logo.jpg


© GlobeNewswire 2019
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Financials ($)
Sales 2018 5 169 M
EBIT 2018 1 431 M
Net income 2018 948 M
Debt 2018 3 982 M
Yield 2018 0,59%
P/E ratio 2018 29,73
P/E ratio 2019 26,92
EV / Sales 2018 6,20x
EV / Sales 2019 5,79x
Capitalization 28 063 M
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Number of Analysts 12
Average target price 315 $
Spread / Average Target 16%
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Laurence Neil Hunn President, CEO, COO, Director & EVP
Wilbur J. Prezzano Chairman
Robert Christopher Crisci Chief Financial Officer & Vice President
John F. Fort Independent Director
Christopher Wright Independent Director
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