Convoy

A more efficient supply chain operation allows Encore Glass to prioritize what matters: carrier and customer relationships.

Convoy and FourKites announced new dashboards and emissions-reduction tracking tools to help shippers identify their environmental footprint.

CHEP’s Zero Waste World platform lets customers reduce empty miles together

With so many players involved in the supply chain, collaboration is critical to achieving sustainability goals.

This article explores steps that shippers can take to manage current supply chain disruption.

The Seattle-based digital freight network will pay 100% of trucking costs for food bank donations

The feature enables shippers to make data-driven decisions about allocating freight

Growing awareness of a 12-year-old relief fund for semi-truck drivers is attracting more and bigger donations as the coronavirus pandemic highlights health risks to truckers hauling critical freight.

This marks the second year in a row that Convoy has won this prestigious award from Niagara.

Shippers are making carbon reduction an explicit aspect of the procurement processes for their supply chain.

Compliance risk is serious business for shippers, and it can have significant repercussions. Just consider cargo theft, which is merely one aspect of compliance risk.

Welcome to Convoy’s Resource Center for Coronavirus (COVID-19).

The trucking capacity crunch, driver shortage, and electronic logging device (ELD) mandate are working together to create a carrier’s market right now.

Waste matters. For nearly every industry, waste contributes to higher costs. But in the freight industry, the stakes are even higher.

This infographic explores how CHEP works to meet consumer demand in a sustainable way

CHEP’s iconic blue pallet is not just a product offered to customers—it’s also a unique source of data that helps eliminate waste across CHEP’s network of partners, which include most of the largest consumer packaged goods companies in the world.

During a roundtable discussion, the CEOs of Convoy, Flexe and Flexport spoke about the coronavirus and the future of freight.

Charley Dehoney writes about digital brokerages and what they really are and do…

New technology, capital, and business models have changed the competitive landscape.

Lumper payments can tie up cash for weeks as carriers wait for reimbursement, but Convoy is now automating the process, guaranteeing payment with the touch of a button.

Less than a year after automating the load-matching process, Convoy is now automating the brokerage side in select markets.

Ben Thrower writes that venture capital funds continue to flow to digital freight brokerages, but legacy companies continue to fight back.

Founded by Dan Lewis, CEO, and Grant Goodale, CTO, in 2015, Convoy has closed a $400 million Series D round of funding, bringing total funding to $668 million to date and valuing the company at $2.75 billion.

Convoy is now offering direct-from-shipper loads on its platform, giving carriers many more choices for hauling freight.

Executives from Parade, CoLane, Forager, and Trucker Tools discussed the current state and future of brokerage digitization.

Convoy has rolled out a free transportation management system for shippers. Also, USPS is interested in drone operators, Rivian wants people to subscribe to its trucks, and Virgin Atlantic pushes for more air cargo marketshare in London.

Shippers, TMS and MTP providers have now been given access to Convoy’s automated real-time pricing and capacity for both live and drop-and-hook loads through API and a suite of developer tools called Convoy Now.

FreightTech venture investing is super hot, but most of these startups continue to lose money. Is this a fad or something else?  Last year, FreightWaves created a FreightTech Venture Index to track the venture capital (VC) investing in FreightTech startups. The term FreightTech is defined loosely as software companies and other technologies that aid in […]

A lot of things have to go right for DFBs to build a market large enough to justify their valuations.

Convoy says a study of its data shows that carriers in its network are safer than industry averages and have fewer cargo claims than the average carrier.

From their Seattle headquarters, the executive team talks operations, startup culture and the enduring importance of the human factor.

Package surge from Amazon’s annual sales blitz overwhelms workplaces as more people get deliveries at their offices.

Consumer goods company has created rest areas for truckers and adopted digital freight matching.

With IMO2020 just around the corner, FreightWaves Radio this weekend takes a look at how it might impact fuel markets. J. Scott Susich, the director of data analytics and advisory services at DTN, joined co-host John Kingston on SiriusXM Road Dog Trucking for a discussion on how the regulation designed to reduce the amount of […]

Eliminating delays is source of pride for the beef processor and retailer

Several years ago Smithfield Foods, the world’s largest pork processor, initiated a plan to overhaul its logistics network, which at the time included a fleet of nearly 6,500 third-party trucks traveling more than three million miles weekly.  The changes included ramping up direct shipping to customers; optimizing its dedicated fleet and increasing use of newer, […]

Convoy’s Automated Reloads feature allows carriers to book loads from a pre-planned combination of loads designed to minimize empty miles.

Ease of doing business ranked high with drivers serving over 40 facilities.

Global shipping and logistics giant UPS said it collaborates directly with its customers to reduce wait times at docks to increase efficiency and productivity and reduce detention time for its drivers.

Appreciating hours of service rules is part of the fabric that makes this Wisconsin-based dairy company go the extra mile to ensure that truckers spend as little time as possible in its facilities.

Award winner is taking on new driver partnerships as it expands into last-mile delivery.

FreightWaves and Convoy recently teamed up to present the first annual Shipper of Choice Award to a top-notch manufacturer, distributor or retailer. Conagra Brands (NYSE: CAG) ranked number 4 out of 25 award winners. The first-of-its-kind award was created to recognize shippers committed to eliminating inefficiencies from the supply chain and aiming to be excellent […]

Working with over 100 outside carriers and brokers, Walmart (NYSE: WMT) is likely to be a shipper of choice for many already. But even one of the U.S. freight industry’s largest customers realized it could do better for drivers. The Bentonville, Arkansas-based company came in third in a field of 135 shippers for theShipper of […]

The first-of-its-kind award was created to recognize shippers committed to eliminating inefficiencies from the supply chain and aiming to be excellent partners for their carriers.

Commentary As digital freight brokerage apps learn to concentrate on driving user engagement and building dynamic marketplaces that adapt to user behavior, they will start to resemble social media networks like Facebook, Twitter, Snapchat and Tinder. Apps like Uber Freight, Convoy, Transfix, J.B. Hunt 360, C.H. Robinson’s Navisphere and EchoShip/Drive were designed to cover loads […]

Convoy, a freight-matching and supply chain solutions technology company, has been named Anheuser-Busch’s Non-Asset Carrier of the Year.

For the first time, FreightWaves and its partner Convoy have recognized the manufacturers, distributers and retailers who do the best job of keeping the American economy moving by fighting driver detention, providing accessible facilities, and understanding what it takes to remove inefficiencies from the supply chain.

Convoy has worked closely with shippers on various projects, including its Convoy Go program that gives owner-operators access to drop-and-hook freight. It has now formalized those efforts in the Innovation Lab.

Convoy is looking to help owner-operators and small fleets get access to drop-and-hook freight with a nationwide rollout of Convoy Go.

Amazon’s outsize presence in Seattle has yet to translate into a new wave of start-ups but that is expected to change as the tech giant’s relationship with the city enters a new phase and the region’s venture capital ecosystem matures.

Insurgent digital brokerage apps are increasing their share of downloads while load boards are largely stagnant.

Becoming a Shipper of Choice requires many steps and processes, but it starts with communication, trust and building a relationship.

The feature is intended to save carriers time and money that they would spend searching for and booking loads.

The nominees have been announced and voting is now underway in the inaugural FreightWaves Shipper of Choice awards. The Shipper of Choice Award is in partnership with Convoy.

We checked in with executives from Edge Logistics, Avenger Logistics, and Convoy to see how brokers are handling YOY volume growth.

Trucking-as-a-service is poised to break out into 5x growth over the next five years, says Frost & Sullivan.

Convoy CEO Dan Lewis said that digital brokerage margins would expand until most participants adopted low-cost structure, then start compressing.

Convoy, the powerful nationwide trucking network and platform for both shippers and carriers, is partnering with FreightWaves on the first-ever Shipper of Choice Award.

Convoy is now matching 100 percent of loads automatically in major markets, effectively eliminating the need for any person to call or communicate between the shipper and carrier.

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

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. Read the Full Blog Post

The incumbents are still way ahead. While C.H. Robinson’s scale and reach remain unmatched, a number of competitors have realized strong growth and have achieved significant scale over the past ten years.

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. Read the Full Blog Post

Convoy is going to start managing assets to give owner-operators access to efficient, desirable drop and hook freight. We think it’s brilliant.

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. Read […]

Convoy leverages its tech to give owner-operators the same advantages as large carriers. Read the Full Article

Convoy revealed Monday morning that U2’s Bono and The Edge quietly invested in the company last year.

The third installment of CarrierLists and FreightWaves load sourcing survey has more of the same. We dig a little deeper to see something about the industry that is seemingly obvious, but is it?

The third installment of CarrierLists and FreightWaves load sourcing survey has more of the same. We dig a little deeper to see something about the industry that is seemingly obvious, but is it?

Cashflow Corner presented by TriumphPay …Large fleets are benefited for years from fuel and maintenance discounts. Now, smaller fleets and owner-operators are starting to reap some of those same benefits.

Transportation is increasing its usage of technology in many areas, but apparently relationships still drive the small to mid-size carrier market when it comes to load generation. Freight brokers could also be blind to an untapped resource…until now. 

Convoy put the freight brokerage industry and shippers on notice with it’s automatic detention system. 

Digital freight broker Convoy staked their claim in the freight market by doing something that few have had either the ability to or desire to do before: automate detention. Read the Full Article

Three years after launch, Convoy has gone national. And with it a new detention feature that will automatically pay drivers who are held up for more than 2 hours at a facility. Read the Full Article

Detention time is a major issue for truck drivers and carriers, but Convoy is doing something about it by introducing automatic detention pay for those operating under Convoy loads.

KeepTruckin raises $50M in a Series C financing. Plans to have 400,000 subscribers by the end of the year

In the future of freight, relationships will take a back seat to data and how carriers use the data to speed price and capacity discovery.

Uberization has been a hot term to describe digital transactional brokerage. But a bigger, untapped opportunity might be available in the market 

C.H. Robinson will implement Omnitracs’ Virtual Load View (VLV) application as it seeks ways to improve visibility into load tracking. The system will run alongside C.H. Robinson’s own Navisphere system.

Digital freight brokers are using “Daily-deal” tactics to get revenue growth. They sold themselves as a platform to change the inefficient trucking industry, but have found it difficult to find quality sources of high-volume freight. These platforms have resorted to aggressive pricing tactics using investor capital. What will find is that as soon as they change prices, shipper loyalty will evaporate.