Flexport’s acquisition comes weeks after the venture-funded trucking startup closed down. Convoy has some 400,000 truck drivers in its network.
Aurora Innovation opened its Interstate 45 autonomous trucking route between Dallas and Houston as unease and criticism grow.
As large e-commerce businesses have raised consumer expectations, midsize and smaller logistics companies must keep up and provide the same on-time delivery, visibility and experience. When something goes wrong — and it often does — they must figure out how to adjust quickly by leveraging data from their supply chain.
As the industry recovers, keeping a “do more with less” mindset can enhance a company’s growth and help it prepare for the next downturn.
Greenscreens.ai’s Matthew Silver said with Capacity On Tap, “brokers get all their capacity sources in a single pane of glass without having to reenter data.”
Echo Global Logistics leverages a variety of intelligence capabilities to provide shippers and carriers with solutions that meet them where they are in their technology adoption journeys.
Flexport would hire a small team of Convoy employees and take on its technology stack. That could keep the trucking startup’s app functioning for customers.
A review of the state of SPAC-sponsored and other electrification startup shows a less-than-pretty picture.
Find out who the unsung FreightTech disrupters are and how they provide unique tools to help shippers.
Shippers and logistics service providers want and need to proactively manage their customers’ shipments, ensuring they keep cadence in line with delivery expectations. When something goes wrong in transit, this demands quick, timely notification from carriers so they can proactively reset expectations or enact contingency plans.
The ultra-buzzy trucking startup Convoy could have fixed trucking. Instead, it shut down suddenly to the shock of industry insiders.
This is CargoX’s second sizable partnership aimed at bringing more efficient import and export practices to global markets.
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.
A company can “go through all your tests, due diligence, cyber resilience and everything, but if you don’t know what to do when something happens, then all bets are off,” IT exec Steve Hankel said during the Digital Solutions Conference.
President and COO Webb Estes reviews restored functions, praises customers that stuck around.
Coming on the heels of the hack against LTL carrier Estes, an industry meeting maps out ways to battle cyberattacks.
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.
Triumph Financial’s earnings saw a tighter EBITDA loss at TriumphPay and a largely flat average invoice price in its transportation factoring business.
Prospective acquirers are looking at Convoy’s platform and engineering and product teams.
Austin, Texas-based Tank Payments, a trucking fintech company, has received Airbnb’s Economic Empowerment Award.
