Convoy’s Science & Analytics team leverages Hidden Markov Models to help forecast the freight market turning points.
Category: Data Science
Data-driven 2021 year in review shows how Convoy shippers #getshipdone
Shippers with Convoy receive their 2021 year in review, with personalized data-driven facility insights celebrating their Convoy shipments.
Convoy sponsors O.R. Supreme Game Show at INFORMS 2021 Annual Meeting
We share our experience sponsoring a recent data science and operations research professional community event.
Picking the right tool for the problem: Predicting service failures
At Convoy, we know that service quality is a top concern for the companies that entrust us to move their goods. Our aim is to always fulfill their needs, but sometimes unforeseeable events happen that prevent the trucking companies in our network from picking up or delivering on-time. For instance, trucks can be delayed at…
How Data is Driving a Tech Revolution in Trucking: Q&A with Convoy CTO Dorothy Li
Data and tech are unlocking new solutions in freight at a moment when supply chains are more important than ever for the economy. At the 2021 National Association for Business Economics’ annual Tech Economics Conference on November 8th, Convoy’s Chief Technology Officer, Dorothy Li, spoke in a fireside chat moderated by Convoy’s Director of Economic Research,…
35% of the time that truck next to you on the highway is empty – that’s a really big deal for the environment
Convoy’s latest research reveals that the most immediate opportunity to reduce CO2 emissions in trucking is to focus on empty miles over EV.
Integrating Slack with Amundsen for ease of data discovery
Convoy Science & Analytics intern George Pu dives deep into his process for integrating Slack with Amundsen to reduce overhead for engineers.
Survival of the Fittest: How Convoy Data Science Used Survival Analysis to Estimate the Class 8 Truck Replacement Rate
Class 8 truck orders are one of the most important data points in freight, but conventional estimates of replacement demand are lacking in precision.
The next major evolution of drop-and-hook shipments. Announcing Flexible Drop
Convoy Go’s expansion introduces new technical innovations, including smart trailers, remote management, demand prediction, and more.
Do asset-based carrier stocks predict future freight rates?
Some believe stock prices for publicly-traded asset-based truckload carriers are a leading signal for the direction of the freight market, but is it true?
Improving continuous integration for our monolithic codebase
A long CI process costs developers time and affects the company bottom line. Here’s how the Convoy managed to halve the CI time.
The journey, building Convoy’s component library
How Convoy’s Engineering and Design teams developed a new design system where internal and external products could be unified.
Supply chain consulting from a digital freight network
Shippers sometimes worry that the use of technology in a digital freight network (DFN) takes the place of customer service with a human touch. In fact, shippers who work with Convoy have found the opposite to be true: by automating many of the mechanical, repetitive tasks across the shipment lifecycle, the team at Convoy can…
3 ways supply chain visibility can improve facility performance
Supply chain visibility gives shippers awareness of how their goods move through a supply chain. This includes tracking each shipment’s location and the facilities it passes through. It also encompasses the aggregation of data that can surface trends and anomalies, and painting the bigger picture of a supply chain’s performance. The combination of micro and…
Improving Supply Chain Resilience with Shipper Insights
Every day when your loads are picked up and dropped off at facilities around the country, how do you know which of your warehouses and distribution centers are performing well and which aren’t? For example, if one of your warehouses started experiencing higher detention rates, how quickly would you find out, and how easily could…
April Industrial Production and Retail Sales: A Window Onto the “Essential”
For many U.S. households and businesses, April forced us to think hard about what’s truly “essential”. Factory output and retail sales data reported this morning by the Federal Reserve Board and Census Bureau provide a quantitative window onto those priorities. It comes as no surprise that April was a brutal month for the U.S. economy…
Improving the experimentation process: Small decision, big impact
To help product teams conduct controlled experiments, the Convoy Science & Analytics team improved the experimentation service.
Riding a Wave of Growth: How Convoy is Rapidly Building a Data Science Team
From its founding, Convoy was designed to be a truly data science-driven organization: machine learning, economic analysis, experimentation, causal inference, and optimization underpin every decision we make. Leveraging these tools at scale is how we are driving inefficiency out of the $800 billion U.S. freight market. I recently overheard our VP of People, Dough (real…