Convoy

Flexport has launched the Convoy Platform, aiming to boost the logistics ecosystem for shippers, carriers and brokers.

A panel at a conference on private equity in transportation reviewed the reasons why Convoy collapsed.

Freight brokerage Convoy shut down in October. Carriers say the brokerage didn’t pay them for loads they completed.

A fireside chat about Convoy’s demise and impact helped kick off FreightWaves’ three-day F3: Future of Freight Festival in Chattanooga, Tennessee.

FreightWaves CEO Craig Fuller sees bad signs from banks — and trouble ahead for brokers — as he looks to the first quarter of next year.

The Convoy saga has taken another turn as venture-backed freight forwarder Flexport announced Wednesday that it has acquired Convoy’s technology stack for an undisclosed sum. This comes after Convoy, which was valued at $3.8 billion from its final funding round 18 months ago, shuttered operations on Oct. 19.

Flexport’s acquisition comes weeks after the venture-funded trucking startup closed down. Convoy has some 400,000 truck drivers in its network.

FreightWaves CEO Fuller talks Convoy collapse and why things aren’t improving for carriers.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Rachel Premack; Alan Adler; Andrew Haun; Justin Martin

Convoy Inc. has found a buyer for its tech stack, which would include the digital freight company’s driver app and automated freight matching and pricing engines.

In this edition: breaking down what the future for freight brokers looks like, which markets are claiming top spot and how LTL carriers performed. 

The decision to prioritize technology in a business so reliant on people to cover loads and deal with exceptions is poignant in the wake of the past week’s events. 

Convoy’s story, while tragic for investors and insiders, should prove cautionary for other founders.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Craig Fuller; JP Hampstead; Chace Barber; Ryan Schreiber; Daniel Stanton

Seattle-based digital freight broker Convoy on Wednesday canceled all shipments from its marketplace and company representatives promised more details of a business transition were forthcoming. By Thursday, company employees were told in a meeting that Convoy was “closing down its core business operations.”

Digital brokerage Convoy is closing, with no buyer coming in to rescue its operations.

On demand on WHAT THE TRUCK?!? Dooner is joined by Craig Fuller; Brittain Ladd; Lee Brittain; Thomas Wasson; Justin Martin

Digital brokerage Convoy has canceled all shipments and shut its load board, with an announcement of its future upcoming.

The SSC’s newly released API technical standard is available on GitHub.

In this month’s State of Freight webinar, FreightWaves CEO Craig Fuller reviews data that shows a stronger market than rates and rejections might suggest.

Convoy’s new system uses machine learning and other tools to identify possible fraud.

Convoy and OTR Solutions have issued a joint statement saying that the situation has been resolved.

The freight market downturn has made profitability elusive.

In the post-pandemic pivot from just-in-case to just-in-time manufacturing, digital freight network Convoy has launched a service to help shippers and carriers manage risk.

Neither DAT nor Convoy would be able to refile lawsuits against each other that they have agreed to drop.

Shippers often lack insights into long-term performance trends and hidden inefficiencies across their facilities. These inefficiencies lead to increased operating costs in the form of higher accessorial fees and truck rates.

Grant Goodale, co-founder and chief experience officer of digital trucking network Convoy, announced this week he is stepping down from the startup.

The collaboration among Convoy, J.B. Hunt, Uber Freight and others to use technology to streamline scheduling at the dock level is proceeding as planned, according to company leaders at FreightWaves’ Future of Supply Chain conference in Cleveland.

For truckers and 1970s country, the C.W. McCall hit “Convoy” shares a fun look into CB radio terminology.

School buses qualify for a lot of incentives to go electric, but are the vouchers and grants enough to make a difference?

Convoy’s co-founder and CEO suggests that FreightTech offerings have paved the way to disrupt fragmentation with a new model of shipping: the hybrid carrier model.

Uber Freight, Convoy and J.B. Hunt formed the Scheduling Standards Consortium in December to standardize trade data and synthesize scheduling technology.

La plataforma de transporte de mercancías mantiene su compromiso de cero emisiones netas para 2040

“To get ahead of the curve on stringent climate disclosure requirements proposed by the SEC and [the ISSB], shippers need to transition from manual data gathering and estimations of their scope 3 carbon footprint to tools that efficiently and accurately provide emissions reports in real time,” said Convoy Corporate Sustainability Analyst Kiana van Waes.

Las corredurías o brokers de carga contrataron a demasiados empleados durante 2021 y 2022, y esa marea está cambiando ahora

Big names like C.H. Robinson, Uber Freight and Convoy have all cut staff in recent months. Here’s what’s driving the freight brokerage layoffs.

El fundador y consejero delegado anuncia sus planes en las redes sociales

“The new model is flexible and brings together dedicated support teams highly trained on one or a few shippers’ needs and operating requirements,” said Convoy founder and CEO Dan Lewis.

Convoy is looking to improve the contracted freight market for small carriers and shippers with forever-evolving freight needs.

By the end of the week, Convoy carriers will be able to receive instant bid feedback on 98% of company-sourced loads.

Convoy, J.B. Hunt and Uber Freight last week announced that they have partnered to create the Scheduling Standards Consortium as a new standard for full truckload freight employment scheduling.

Newest Convoy survey shows environmental impact as newest sustainability motivation over governmental relations.

El Scheduling Standards Consortium busca la opinión de los líderes tecnológicos del sector

The folks at Convoy believe that this soft market will continue through the beginning of the new year as demand is declining faster than supply.

“Scheduling appointments at facilities is one of the most common activities in trucking, but it is also one of the most fragmented and offline,” said Dan Lewis, co-founder and CEO of Convoy.

La caída de las tarifas y el aumento de los costos están presionando a los transportadores, dice el cofundador del corredor digital en el F3

Convoy’s co-founder said he’s seeing an increasing number of smaller truck carriers parking their vehicles.

There is a lack of in-depth, data-driven visibility tools in the logistics industry today, according to Mitch Violett, senior director of product management at Convoy. 

“Not only do we collect more data than other freight providers, we go one step further by distilling that data into interactive dashboards that surface anomalies shippers can act on to save time and money,” says Convoy’s Dorothy Li.

Freight procurement programs, such as Convoy Guaranteed Primary and Convoy Dynamic Backup can deliver optimized savings in today’s market and flexible capacity in future freight markets.

This week: Logistics companies, trailer manufacturers and trucking nonprofits prepare to celebrate drivers for National Truck Driver Appreciation week.

“Inflation has spiked aggressively, you have rising fuel costs as well and we recognize that sometimes two days or longer may still be too long to wait,” says Convoy co-founder Grant Goodale.

One consumer paper products manufacturer managed to reduce expensive dwell time by 60% in just four weeks after partnering with Convoy to identify their inefficiencies.

While freight demand is still present, the industry is seeing a softening.

Inside this edition: Getting just the right amount of Tech upgrades; A rift among former customer and service provider; and a newbie joins Nuvocargo’s ranks.

Convoy and FreightWaves experts discuss the effects that extreme weather conditions such as flash flooding have on truckers.

Volvo recently announced its plan to construct an electric charging corridor in California.

A recent report shows how far the transportation industry remains from the net-zero goal.

“Oil and gas money is so embedded in many local budgets, it’s difficult to imagine a future without it,” a recent New York Times article said.

Last week, the U.S. Supreme Court issued a ruling that limits the Environmental Protection Agency’s ability to enforce regulations that aimed at reducing carbon emissions from power plants.

Many argue that the disposal of electric vehicles’ lithium-ion batteries after maximizing their use could potentially be just as harmful to the environment as carbon emissions.

Convoy and MercuryGate are expanding their partnership with the goal of giving freight brokers control over costs, while expanding their trucking capacity networks.

Convoy released a sustainability report Tuesday conveying its goal to reach net-zero emissions by 2040.

NextEra Energy plans to eliminate greenhouse gas emissions by 2045, saying it can do so without using offsets through renewable hydrogen. 

According to a recent Bloomberg article, electric vehicles are taking off even faster than expected and “are eating into the transportation system and taking bigger bites every year.”

Convoy recorta 90 empleados mientras crece el temor al empeoramiento de la situación económica

Digital freight startup Convoy confirmed Friday that it is cutting 7% of its workforce in an effort to slash operating costs amid concerns about a downturn in the economy and its potential impact on the company’s customers’ businesses.

With a federal judge recently invalidating leases to drill for oil and gas in the Gulf of Mexico, now is a great time for shippers and carriers to shift focus toward network and route efficiency in order to reduce the amount of empty miles and unnecessary fuel usage.

Over 50 corporations and nine countries have pledged to switch to materials made from processes that produce little to no carbon.

The U.S. Department of Energy recently announced it will use roughly $3.5 billion from President Biden’s Bipartisan Infrastructure Law to invest in air carbon capture projects.

Convoy helped bring sustainability issues to the forefront at FreightWaves’ The Future of Supply Chain event last week in Rogers, Arkansas.

Convoy, a digital trucking network, is collaborating with sustainability partners like CHEP to solve industry challenges by eliminating waste, eradicating empty miles and cutting out inefficiencies.

This fireside chat focuses on managing the ups and downs of the trucking market with Convoy’s Dan Lewis.

Experts believe the FHA pledge amount is far below the total funds needed.

FreightWaves’ Mary O’Connell and Convoy’s Jennifer Wong sit down to talk about decarbonizing the supply chain and the importance of progress over perfection.

FreightWaves hosted its second annual Net-Zero Carbon Summit, sponsored by Convoy, on Friday.

FreightWaves’ Danny Gomez chats with Convoy CEO Dan Lewis and Generational Investment Management partner Joy Tuffield about the numerous benefits that come when competing companies collaborate on sustainability.

Convoy is preparing for FreightWaves’ second annual Net-Zero Carbon Summit, taking place Friday, April 22.

The digital freight network has reached a $3.8 billion valuation after raising $160 million in series E funding and $100 in venture debt.

Join FreightWaves for the Net-Zero Carbon Summit on April 22.

The trucking industry will not be exempt from extreme weather impacts.

United Nations Secretary-General António Guterres last week addressed the importance of doing more to decrease greenhouse gas emissions.

“The conversation around empty miles is not a new conversation,” said Jennifer Wong, head of sustainability at Convoy. But now it’s about more than just saving money.

The Securities Exchange Commission, in a 3-to-1 vote, has given initial approval of a rule that would require all public companies to report on the climate-related impact of their businesses.

Convoy has released its Q1 2022 Carrier Sustainability Survey in conjunction with this week’s Mid-America Trucking Show (MATS). 

In partnership, FreightWaves and Convoy recently released a report on the awareness and impact of empty miles.

Convoy’s increased visibility into Shasta’s loads helped the company improve truck utilization and reduce emissions, resulting in a ninefold decrease in tendering times.

According to the most recent U.N. climate change report, the impacts of global warming are becoming more widespread and severe across the world.

EV growth will sustain its momentum in light- to medium-duty trucks and begin to catch on for the heavy-duty trucks in regional hubs.

The cost of truck transportation, measured in the PPI, continues to climb.

Decreasing turnover rates and making companies more efficient requires job transparency to pull in the right people and maintaining a constant state of innovation to attract more people.

Expanding highways can come with a variety of other unintended consequences, too, such as congestion off of highways in nearby cities, as well as air pollution.

The European Union announced this month that it will begin to label some nuclear power and natural gas plants, under certain conditions, as sustainable investments or “transitional green energy sources.”

The current roster of FreightTech unicorns is made up of established companies run by veterans and backed by smart money.

Sustainability leaders like Convoy are advocating for the freight industry to focus its attention on working to decrease carbon emissions and eliminate waste.

These days, seasonality has become nothing short of unpredictable. 

Clean air regulators have to play the long game with short-term updates, the latest of which comes from New Jersey. 

How USA Truck and Convoy developed a new solution for elastic capacity that benefits shippers, carriers and brokers

Marketing and sustainability go hand in hand in the success of any organization, and the balance of the two in the media can widely affect the perception of the organization.

“2022 must be the year where commitments are turned into concrete steps and binding regulations,” said Madeline Rose, climate campaign director at Pacific Environment.