Convoy, a Seattle-based trucking logistics start-up, has raised $400 million in a venture round co-led by Generation Investment Management, Al Gore’s sustainable investment management firm.
Convoy, a Seattle-based digital freight booker backed by Bill Gates, Jeff Bezos and Al Gore’s Generation Investment Management, closed a $400 million funding round to expand use of its data platform and other services...
With a one-stop app, Convoy hopes to make more money for truckers, reduce costs for shippers and take a cut for itself.
Convoy announced a new tool that allows truck drivers to pick up a series of jobs at the same time, addressing a major stressor among truck drivers: empty miles.
Digital freight marketplaces that connect shippers and truckers online are turning toward more physical operations by offering the equipment that cargo carriers need to move loads.
Convoy, founded by former Amazon executives, has raced to a $1-billion-plus valuation, with a plan to make the big-rig market much more efficient.
Seattle-based Convoy has developed an on-demand technology platform that allows trucking companies and shippers to connect via an app instead of relying on a broker, which utilizes email or phone calls.
Convoy announced today it has formally established the Convoy Innovation Lab, an initiative geared towards helping businesses address challenging freight-related problems by bringing together shippers with Convoy’s engineers, data scientists, and product designers.
Convoy has announced a new service designed to streamline load collection using preloaded trailers and Convoy’s transport network infrastructure.
Convoy announced that it has added a new feature—automated bidding for carriers—to its Request a Load offering. Convoy will now automatically bid on loads for carriers based on rate, preferred lanes, and pickup dates specified by the carrier. When a carrier wins a load, Convoy sends a push notification, and the carrier simply taps to confirm.
Convoy announced a major milestone in removing humans from matching truckers and shippers: It said it could now match truck drivers and loads 100% autonomously in top markets.
Backed by A-list investors like Jeff Bezos and Bill Gates, Convoy is using technology to connect truck drivers with companies that have shipping needs. Yahoo Finance’s Alexis Christoforous speaks to Convoy CEO Dan Lewis.
Heavy Duty Trucking Editor in Chief Deborah Lockridge checked in with Convoy to see what the company is working on and interviewed Ziad Ismail, Chief Product Officer.
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.
Convoy ranked as one of the 50 hottest U.S. companies to work for now in the United States because of how the company is attracting top talent. The list looked at four pillars in particular: employee growth; jobseeker interest; member engagement with the company and its employees; and how well the listed startups pulled talent from LinkedIn’s flagship Top Companies list. To be eligible, companies must be 7 years old or younger, have at least 50 employees, be privately held and headquartered in the U.S.
Convoy is honored to be named #11 on the seventh annual CNBC Disruptor 50 list. The list features private companies — from biotech and machine learning to transportation, retail and agriculture — whose innovations are changing the world.
Each year, Seattle-based tech news site GeekWire honors the top innovators, entrepreneurs, startups, developers and do-gooder geeks, as nominated and chosen by the GeekWire community. This year, Convoy was honored to take home the award for GeekWire’s “Deal of the Year” for its $185M series C funding, led by Alphabet’s CapitalG.
This was the third year in a row Convoy was recognized by the voters in Seattle’s tech community. In 2018, Convoy won “Tech Titan of the Year.” In 2017, we won the coveted “Startup of the Year” award.
“Delivering on our commitment to our customers comes down to smart planning and stellar execution from our carrier partners. While Convoy’s technology platform and data provide a strong foundation that equips us to make better decisions, it’s the level of service, outstanding performance, and the tailored programs that has earned Convoy a deep level of trust that has taken our partnership far beyond a tech platform.”
Convoy was named among the FreightWaves “Freight.Tech 25,” which showcases the most innovative and disruptive companies in freight. The companies were evaluated by over 50 industry executives, academics, and investors — including FreightWaves CEO, Craig Fuller, plus executives of Steifel, JB Hunt, Keeptruckin’, and Daimler.
We ranked in 4th place, out of 500 nominated companies. This placement also secured our spot as the industry’s most innovative and disruptive broker.
Business Insider named Convoy among the top enterprise startups on which to bet your career. Convoy made the list for its promising technology, healthy partnerships, experienced leadership, and adequate funding.
Procter & Gamble recently awarded Convoy not one — but two — awards at its Annual Carrier Conference:
- P&G’s Club Channel Carrier of the Year, which recognized our outstanding performance servicing shipments to club retailers.
- P&G’s prestigious Innovation Award for unlocking quality capacity through our technology-enabled carrier network.
Who wouldn’t want to work for the best of the best, the top of the heap, the cream of the crop? After scoring and analyzing employees’ in-depth surveys results across 10 categories (benefits, communication, corporate culture, hiring/retention, executive leadership, performance standards, responsibility/decision making, rewards/recognition, training/education and workplace environment), Convoy was ranked #18 in Seattle Business magazine’s 100 Best Companies to Work For in 2018.
“This award recognizes the transportation partner that exemplifies operational excellence, performance and provides innovative solutions for Niagara’s shipping needs. Convoy understands our vision and helps expand on it using its technology, data and insights.”
“The Partner to Win Awards recognise the outstanding work of Unilever’s suppliers. Strong relationships with partners that share our sustainable growth ambitions are critical. They play a vital role in helping us to deliver our sustainability commitments and support our growth with their capacity, capabilities, innovations and new technologies.”
Wealthfront included Convoy among its list of Career-Launching Companies for 2019. The annual list features the businesses that have product-market fit and the greatest long-term prospects.