Convoy

The macroeconomy is slowing down to trend-line growth, but drivers of freight movement look worse.

Transfix is reportedly trying to raise a Series D that values the company at 10x gross revenues.

We spoke to GlobalTranz’s outgoing CEO Bob Farrell and new CEO Renee Krug about the transition in leadership and the marketplace for mergers and acquisitions in the 3PL space going forward into 2019.

Executives from Axle Logistics, Network Transport, Transfix, and Convoy weigh in on peak season 2018: higher volumes and less volatility than 2017 means that most brokers are sitting pretty.

We spoke to Uber Freight Product Manager Stefan Sohlstrom and Convoy’s Chief Product Officer, Ziad Ismail, about last week’s releases and what increased transparency means for the brokerage industry.

Tomorrow from 2 to 3 p.m. FreightWaves CEO Craig Fuller and Chief Economics Ibrahiim Bayaan will present our November Market Update: What the Data is Telling Us About the Freight Market. The webinar is sponsored by Convoy.

Just three years after its founding in Seattle by two former Amazon executives, the leading digital freight brokerage Convoy reached a unicorn valuation and took the #4 spot in the Freight.Tech 25.

From A to X, a wide range of honored companies.

Since its launch, Convoy has been innovating with technological solutions aimed at reinventing the way freight moves across the country. To help fulfill that mission, the company is now expanding beyond its Seattle, WA, roots to a second office located in Atlanta.

From on-demand trucking to blockchain, loadboards and freight matching, the list of companies bringing innovative technologies to the freight industry is growing by the day, which makes the 100 that have made the cut to be honored by the FreightWaves Research Institute as part of its inaugural Freight.Tech 100 all the more special.

FreightWaves Associate Editor John Paul Hampstead spoke to Andrew Davis, VP and Equity Investment Analyst at T. Rowe Price about the deal.

We spoke to T Rowe Price VP Andrew Davis about how traditional investors’ view of the digital brokerage had changed over time.

Goldman Sachs issued a report last week highlighting the risks to incumbent brokerages’ margins and market shares, with useful information about the brokerage landscape and recent developments in VC funding that have powered new entrants.

J.B. Hunt announced the release of their large-scale rewards program for drivers, 360 Perks.

After helping drivers out with automatic detention and its Power-Only program, Convoy has turned its attention to shippers, offering guaranteed, instantly bookable coverage of loads at realtime market rates.

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. Read the Full Blog Post

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. Read the Full Blog Post

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. Read the Full Article

The current freight marketplace makes one thing clear, America needs more trucking companies. Capacity is at historic lows and rates are skyrocketing nationwide. Read the Full Blog Post

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. Read the Full Blog Post