Business, Technology, Logistics, Autonomous

Convoy to Expand Services After $400 Million in New Funding

Convoy booth at MATS 2019 A Convoy booth at an industry trade show. Convoy recently received $400 million from Generation Investment Management, whose co-founder and chairman is ex-Vice President Al Gore. (John Sommers II for Transport Topics)

Convoy’s intentions for putting a recent $400 million package of additional investment capital to work are straightforward — keep expanding its digital freight business through more machine learning, more automated loads, and more drop-and-hook arrangements.

Roger Gilroy | Staff Reporter
November 19, 2019
Business, Technology, Logistics

Al Gore’s Fund Leads $400 Million Deal With Convoy

Al Gore Al Gore by Mike Stewart/AP

In the four years since it was founded, Convoy Inc. has assembled a lineup of big-name investors that includes Bill Gates, Jeff Bezos and Marc Benioff. It’s adding one more to the list: Al Gore.

Emily Chasan | Bloomberg News
November 13, 2019
Business, Technology, Logistics

Convoy Tries to Navigate Some Uber-Scale Problems

Amit Sekhri Amit Sekhri checks his smartphone for possible jobs and bids using the Convoy app in Patterson, Calif. (David Paul Morris/Bloomberg)

Convoy risks drawing comparisons to Uber in less flattering ways: drivers grousing about getting squeezed and a business model that has yet to turn a profit.

Dina Bass | Bloomberg News
October 29, 2019
Business, Technology, Equipment, Fuel

Automated Reloads Program Reduces Emissions, Convoy Says

Convoy’s recently launched automated reloads program is yielding a 45% decrease in the carbon dioxide emissions created by empty miles in freight, according to the digital freight network.

October 15, 2019
Business, Technology, Logistics

Convoy Launches Free TMS for Shippers

Convoy Connect screenshot Convoy

Digital freight broker Convoy launched Convoy Connect, a free transportation management system available nationwide that comes preconfigured with access to Convoy’s carrier network.

October 1, 2019
Business, Technology, Logistics

Convoy Opens Up Access to Automated Network

Convoy Convoy's apps are shown on a display at an industry trade show. (John Sommers II for Transport Topics)

Digital freight broker Convoy on Sept. 16 launched Convoy Now, a program that gives shippers and other logistics companies access to Convoy’s automated, real-time pricing and capacity for both live and drop-and-hook loads.

Roger Gilroy | Staff Reporter
September 16, 2019
Business, Technology, Logistics

Convoy Partners With TMS Provider BluJay

Convoy, a nationwide digital freight network, announced a partnership with BluJay Solutions, a leading supply chain software and service provider.

August 16, 2019
Business, Technology, Logistics

Convoy Creates Method for Drivers to Book Multiple Loads at Once

Convoy booth at MATS Convoy booth at MATS by John Sommers II for Transport Topics

Digital freight broker Convoy announced Automated Reloads, an app-based program that allows drivers to book multiple loads of freight at one time.

Roger Gilroy | Staff Reporter
June 27, 2019
Business, Technology, Logistics

Convoy Launches Go Marketplace for Preloaded Trailers

Convoy booth at MATS 2018 Convoy's booth at MATS 2018. (John Sommers II for Transport Topics)

Convoy, a trucking network and platform based in Seattle, launched Convoy Go, a marketplace that allows any carrier or owner-operator in the United States to start hauling preloaded trailers and to operate at the same level as large asset-based carriers, according to a company news release April 18.

April 22, 2019
Business, Technology, Safety

Google Parent Alphabet Backs Trucking Technology Startup Convoy

Convoy The Convoy booth at an industry show. (John Sommers II for Transport Topics)

Convoy Inc., a trucking technology developer backed by Bill Gates and Jeff Bezos, added another prominent backer through a funding round that values the startup at more than $1 billion.

Dina Bass | Bloomberg News
September 25, 2018