Convoy

Convoy-Technology-Logistic Provider

Based in Seattle, Conway is a digital freight brokerage that automates the time-consuming, error-prone process of matching loads to trucks. By eliminating human intermediaries, Conway offers lowers the cost of logistics services to its shipper customers, and passes on more of the revenues to the carriers who are its users.

According to Convoy, its provides the following benefits to shippers and carriers: For shippers: Convoy’s free transportation management system (TMS) allows shippers to manage all of their freight from one centralized place. This helps them lowers total costs, while providing asset-like reliability and efficiency, with broker-like flexibility. Get the reliability and network planning capabilities of an asset-based carrier with the flexibility of a broker. About 35% of all truck miles logged in the U.S. are “empty miles” and result in 72 million metric tons of carbon emissions a year, the company says, citing Environmental Protection Agency data.

The Convoy platform system enables shippers and carriers to enjoy the benefits of real-time pricing backed by guaranteed capacity; as well as automated load matching and pricing; and integrations to the Transportation Management Systems of BluJay, MercuryGate, and other providers. Shippers can use the real-time data provided by the system to improve visibility into all their shipments, in order to improve the productivity and performance of their supply chains.

Carriers can use the Convoy platform system to keep their trucks full as a result of automated bidding and hauling reloads. Carriers can quickly find, bid on, and win loads – on a 24/7 basis. Using either their phones or desktop devices, carriers can manage all documents processed by the Convoy system.

Carriers have free access to all available loads. It normally takes minutes for carriers to sign up and book any load.The company also arranges more precise drop-off and pickup times to ensure truck drivers are not waiting around warehouse loading zones for hours and can be back in service sooner.

27 Mar 2020
Digital truck brokers have found it hard to confidently provide an accurate guaranteed rate to shippers 14 or 21 days in advance because of the unpredictable developments of coronavirus disease 2019 (COVID-19), causing one-off quotes to be higher than normal.
19 Mar 2020
A trio of prominent logistics technology CEOs told shippers that navigating the coronavirus crisis comes down to decentralizing inventory and avoiding investment in fixed assets.
02 Jan 2020
The high-profile financial failings of so-called disruptors like Uber, Lyft, Grubhub, Blue Apron, and WeWork should serve as a warning to investors in the budding digital freight brokerage space.
Convoy snags historic $400 million investment
13 Nov 2019
The freight broker Convoy has landed the second biggest single funding round in North American logistics technology industry, as its investors more than double down on the idea of technology solving inefficiencies and waste in the truckload market.
Convoy has catered to small shippers before now, but put a pause on serving new customers with fewer than 1,000 truckload hauls this spring and summer.
01 Oct 2019
Convoy is releasing a new transportation management system for shippers relying on spreadsheets and emails -- a free software option that provides access to Convoy quotes and booking.
12 Sep 2019
DHL Supply Chain will connect with the truckload freight network of Seattle-based broker Convoy and San Francisco-based collaborative software provider Turvo, startups that have raised more than $355 million in combined funding.
Large incumbent brokers believe they have the historical data and scale in shipper volume to build freight matching technology that counteracts innovations by startups such as Convoy, Transfix, and Uber Freight.
11 Jul 2019
Shippers testing the efficacy of digital freight matching tools, whether from new broker entrants or through established providers, now have the option of working with larger brokerages such as GlobalTranz and JB Hunt.
Trucks travel on a US highway.
01 Oct 2018
The quickened pace of investment in the freight tech space amounts to growing expectations from venture capital investors that one or more of these companies will be able to truly transform a fragmented and often inefficient market.
A truck travels on a US highway.
16 May 2018
Convoy is among the most prominent of a large crop of digitally powered companies using algorithms to better match capacity and demand.
Uber Freight
08 Feb 2018
Convoy and Uber Freight, two technology startups, are attempting to persuade US shippers they can deliver immediately covered contract and spot market loads, new capacity, total rate transparency, real-time tracking and data analytics, and market intelligence that can drive supply chain decisions.
Convoy says no boilerplate checklist can cover every aspect of planning and pricing a project move.
20 Jan 2018
Convoy Logistics Providers' niche is "project and specialty needs cargo that can take six months to three years, where [there are sometimes quotes] without even knowing actual weights, dimensions, densities, or dozens and dozens of critical details."
06 Nov 2017
Anheuser-Busch InBev seeks a special ingredient that would make its supply chain flow as smoothly and freely as lager from a tap: dynamic, real-time shipment data.