Convoy

DAT’s purchase of Convoy’s tech stack has its first big partner: AscendTMS.

With three recent acquisitions, DAT is seeking to redefine itself through the supply chain.

DAT Freight & Analytics has announced the acquisition of the Convoy platform from Flexport. Sources suggest the price was around $250m in cash. DAT intends to shift away from its main business: a dumb load-board service that connects brokers with carriers. Convoy, a venture-backed unicorn, shut down abruptly in October 2023. Flexport snapped up its […]

Flexport is selling the Convy tech stack to DAT, less than two years after it bought it from the defunct digital brokerage.

Flexport is expanding the Convoy Platform to brokers, aiming to drive growth and efficiency for brokers and carriers.

EBITDA losses at Uber Freight grew in the first quarter, but its president expressed strength in the company’s business model.

FleetPulse has spun off from trailer OEM Great Dane and hired industry executives to lead the independent company.

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.