We consistently hear from shippers that the contractual freight process is failing them. It’s a slow and static process that is misaligned with the fast-paced and volatile freight market. Today, we are announcing Dynamic Backup giving shippers real-time, guaranteed prices for contractual freight.
Reinventing Contractual Freight: Introducing a Real-Time, Guaranteed Rate for Routing Guides, Resulting in a 20% Increase in Load Coverage
Recently we had the honor of hosting Ellen Voie, founder, President, and CEO of Women In Trucking Association (WIT) at Convoy HQ. WIT’s mission is to encourage the employment of women in the trucking industry, promote their accomplishments, and minimize obstacles faced by women working in the trucking industry.
There’s a side of the trucking industry most don’t see. Look behind the hardened exterior and you’ll find a community of people dedicated to both their profession and their community.
The current freight marketplace makes one thing clear, America needs more trucking companies. Capacity is at historic lows and rates are skyrocketing nationwide.
Some companies think they have it tough when setting up and orchestrating the delivery networks that shuttle their products from point of origin to end customer, but J.R. Butler faces some especially high hurdles.
From the first DOT week with ELDs to unprecedented load-to-truck ratios in California to the start of the summer season, the past few weeks have been overwhelming for many shippers. Companies are paying more than ever to move their products and carriers are failing on loads or rejecting primary freight, leading to a very hot (and expensive) spot market.
In June 2018 Convoy surveyed over 300 small and mid-sized trucking companies across the United States to collect a snapshot of the industry. Survey participants include dispatchers and owner-operators. All the results are self-reported by the participants.
The health and wellness of professional truck drivers is an increasing concern. This issue was ranked as the 8th most important in the industry by contributors to the American Transportation Research Institute.
FreightWaves has covered Convoy’s Series B funding, as well as their potentially game-changing play to offer “automatic detention pay” for drivers caught in bad shipping detention situations. But only this week Convoy revealed that members of one of the world’s all-time greatest rock bands, U2’s Bono and The Edge, quietly invested in the company last year.
Convoy leverages its tech to give owner-operators the same advantages as large carriers.