Convoy’s shipping platform helped with shifting inventory and rapid growth While COVID-19 brought doom for some retailers, it was a boon for others. Forced lockdowns drove consumers to buy less apparel and more home decor, gym equipment and, believe it or not, toys for kids. By September, toy industry revenue surged 19%, a figure excluding peak […]
For truck drivers, life on the road brings new and unexpected challenges every day. From treacherous weather in one city, to closed parking lots in another, the number of different factors that drivers need to track is always growing. Technology is working hard to make drivers’ lives easier. Below are the best trucking apps that […]
What is freight factoring? Freight factoring is all about cash flow. If carriers have slow-paying customers or brokers then they may have to wait up to 60 days to get paid for your work. However, carriers need cash flow to pay their expenses such as fuel, insurance, payroll, repairs, and more. That’s where freight factoring […]
As part of our constant focus on reducing the hassle for carriers, we’re excited to share several updates to Carrier Web, our web-based experience. These updates enable carriers to easily find work and manage the loads they’ve hauled as part of running and growing their businesses.
Life doesn’t always go according to plan. And neither do your freight contracts. For decades, the annual freight RFP has been the juggernaut of transportation planning. And yet it’s no secret that the long and painful annual bid rarely works out as planned. Within six months, approximately 50% of all negotiated rates no longer apply. […]
What is “drop-and-hook” freight? “Drop-and-hook” is the trucking industry’s term for when a driver drops a full container at a facility and hooks their tractor to a pre-loaded trailer at the same facility. This grab and go efficiency makes drop-and-hook a win-win: reducing transportation costs for shippers, increasing potential earnings for carriers, and saving time […]
Part 1 of our case study showed how Convoy’s digital freight network provided flexible capacity for a customer when demand surged past supply chain forecasts. In part 2, we’ll explore how supply chain analytics uncovered hidden TONU (truck ordered, not used) costs, providing this customer with savings opportunities. Supply chain analytics with a digital freight […]
Business planners put a great deal of effort into demand forecasting for their supply chains. Demand forecasting seeks to predict consumer demand to inform supply chain and business operations. The more accurate the demand forecast, the more efficiently a supply chain operates. Even in typical business cycles, consumer demand is notoriously difficult to predict. 2020 […]
Upgraded fleet of smart trailers and new predictive trailer routing capability provides shippers with unmatched visibility and tendering flexibility. Carriers can now book multi-stop loops as a single shipment, and earn up to $19,000 more annually per truck while reducing empty miles. Seattle, WA — November, 19, 2020 — Convoy, the nation’s most efficient digital […]
At Convoy, we value the women and men who have served or are currently serving in the United States Military. We recognize and appreciate that many people in trucking, freight, and logistics are veterans and believe it is important that our employee demographics reflect that. From our early days, we have brought amazing veterans onto […]
Digital freight network recognized as an ‘industry standout’ for third year in a row Seattle, WA — November 9, 2020 — Convoy, the nation’s most efficient digital freight network, has earned the third spot in FreightWaves’ FreightTech 25, an annual list of the most innovative and disruptive companies in freight. This year marks Convoy’s third […]
Seattle, WA — November 9, 2020 — Convoy, the nation’s most efficient digital freight network, has earned the third spot in FreightWaves’ FreightTech 25, an annual list of the most innovative and disruptive companies in freight. This year marks Convoy’s third consecutive year placing in the top five. “Our nation’s supply chain has faced monumental […]
In this article, we’ll explore how to create a well-balanced set of operational metrics that you can implement in your own business. Like all businesses, Convoy has many stakeholders with different priorities. Shippers care about trucks being on time, good communication, and fair prices. Carriers also care about fair prices, strong relationships, and access to shipments […]
Convoy welcomes Sunita Solao to its Executive team as Vice President of People, effective October 19, 2020. Sunita will report into Co-founder and CEO Dan Lewis and oversee all aspects of the People and Places teams at Convoy, including recruiting, total rewards, learning and development, DE&I and workplace and facilities teams. “Finding the right […]
Congratulations to Convoy VP of Operations and Supply, Kristen Forecki, for being recognized by the Puget Sound Business Journal in the “40 Under 40” Awards. This annual recognition identifies executives under the age of 40 who are dynamic leaders in the business community. Kristen joined Convoy in 2015 with a vision to drive impact on […]
When freight markets are tight and your primary carrier rejects a tender, every minute counts. Our recent blog post on healthy routing guides shared that best-in-class carriers (those who were rewarded by repeated freight) had a 33-minute median tender response time, while the same metric for the lowest-performing carriers was 58 minutes. Today, we’re sharing […]
Every day, the hardworking truck drivers of our country keep us moving forward. This week, we celebrate them and say a sincere thank you. Join us in showing our appreciation for all that truck drivers do.
Every day, logistics teams respond to unpredictable shifts in demand for their companies’ goods. As consumer expectations rise, so do the requirements on supply chain performance. As supply chains become more connected and complex, so do the points of vulnerability to disruption.
With DOT Week set for September 9 – 11, we created a list of 3 ways shippers can navigate impacts to their supply chains.
With a tightening freight market and rising truckload rates, logistics teams are looking to get more reliable coverage and reduce freight costs. If you’re dealing with rising tender rejections on your contract freight, it might be time to take a closer look at your routing guide.