Convoy sold; theft of 2 million dimes; escalating truck insurance – WTT

https://youtu.be/w9an62iNBdc

On today’s episode of WHAT THE TRUCK?!? Dooner is talking to the newly married Rachel Premack. She’s talking about the final days of Convoy, how it was able to raise money so fast, if it found a buyer and if it’s the first big domino to fall for digital freight brokerages.

Carriers all over are complaining about the rapidly escalating cost of insurance. Reliance Partners’ Andrew Haun talks about what’s driving the cost increases, how to mitigate your exposure and when to switch providers.

FreightWaves’ Alan Adler has the story on Nikola clawing back $165 million from founder Trevor Milton. We’ll also get into why Proterra failed and if Hyliion has a future.

FreightWaves’ Justin Martin brings a trucker’s perspective on a dime heist as well as a vodka and Red Bull train heist in Tennessee, RVs parking in truck spots, a Cruise shutdown in California and more.

Plus, the massive amount of brokerages opened during the pandemic are starting to fall off, trucking’s sea of capacity and disturbing safety training videos

Watch on YouTube

Visit our sponsor

Subscribe to the WTT newsletter

Apple Podcasts

Spotify

More FreightWaves Podcasts

Upcoming FreightWaves Events
Fraud & Security

Freight Fraud Symposium

Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.

May 20, 2026
Rock & Roll Hall of Fame • Cleveland, OH
Register Now
AI & Technology

Supply Chain AI Symposium

Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.

July 15, 2026
The Old Post Office • Chicago, IL
Register Now
Rail & Policy

Future of Rail Symposium

Reshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.

July 28, 2026
The Signal at Chattanooga Choo Choo • Chattanooga, TN
Register Now
Fraud & Security Freight Fraud Symposium May 20 • Cleveland, OH

Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.

Rock & Roll Hall of Fame • Cleveland, OH Register Now
AI & Technology Supply Chain AI Symposium Jul 15 • Chicago, IL

Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.

The Old Post Office • Chicago, IL Register Now
Rail & Policy Future of Rail Symposium Jul 28 • Chattanooga, TN

Reshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.

The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now

One Comment

  1. Brian Belcher

    I still haven’t herd a single person say anything about Convoys intentional last minute “cash grab” I’m just one owner operator who was on the free two day pay, Convoy stiffed me and thousands of other owner operator’s on unknowingly our last loads, we did runs from Dallas to Houston 260 miles east way, the one’s of us doing it could do 2 loads before the 2 day pay is deposited in our bank account, they knew exactly what they did by knowing they were closing AND STILL LET US PULL LOADS when they should have warned owner operator’s DO NOT BOOK AND PULL LOADS IN THE NEXT 48 HRS, but Insted
    us owner operator’s who paid $600×2=$1200 for fuel in cash the last two days not only did convoy stiffed us and kept our money from the loads we took the loss of cash spent on fuel, Convoys CEO knew this week’s prior, I’ve seen this before with broker’s who just closed with no warning and go for the cash grab by strategically say nothing and keep owner operator’s money for our last loads, thousands of us were robbed, the receivering customer got their cargo, Convoy got paid from the shipper SO WHY CAN’T CONVOY GIVE US WHAT WE WERE AGREED TO BY CONTRACT, I needing my money and you call ,email or message Convoy about it and it put you on hold, i been sitting 9 day’s in Dallas-Fort and let Convoy phone ring 20 hours and no one picked up, so can you ask that Convoy CEO why would you let owner operator’s pull the last couple loads fully knowing he was going to keep it and ignore us, we need our money and fast

Comments are closed.

Timothy Dooner

Dooner is an award-winning podcaster who hosts and produces FreightWaves' WHAT THE TRUCK?!? In under a year he helped build FreightCasts, the world’s largest logistics and supply chain podcast network in media. WTT is ranked in Apple Podcasts top-20 Business News podcasts. He also writes a newsletter of the same title with over 15k subscribers in the supply chain and trucking niche. Dooner has been in freight since 2005 and has held directors positions in operations, sales, consulting, and marketing. He has worked with FedEx, Reebok, Adidas, L.L. Bean, Hasbro, Louis Vuitton, and many more high level clients across the full spectrum of the supply chain. He was a featured speaker at TEDx Chattanooga.