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.
Trucking firms continued to add jobs in November according to data released this morning by the Bureau of Labor Statistics: Trucking industry employment increased by 0.9% (12,700 jobs, seasonally adjusted) in November, an accelerating pace from the 0.5% (7,400) pace reported from September to October. Compared to a year ago, truck transportation employment is still […]
By eliminating trailer loading and unloading wait times, Convoy power only loads require an average of 6 hours less to complete than traditional live loads to and from the same facilities. Carriers who are hauling power only loads in Convoy’s network are doing so 30% of the time, and generating up to $19,000 more revenue per truck per year through increasing the number of loads they are able to haul.
Trucking industry employment increased by 0.7% (9,600 jobs, seasonally adjusted) in October according to payroll data released today by the Bureau of Labor Statistics (BLS) — nearly matching August for the best month for job gains since the start of the pandemic and close to the monthly job gains at the last freight market peak […]
The labor market recovery continued (though at a slowing pace) in September and headlines toward the end of the month suggest that the official payroll and survey data published by the Bureau of Labor Statistics and Census Bureau may not yet capture accelerating layoffs in the travel, hospitality and recreation sectors — which are bracing […]
This industry has 3.5 million professional men and women who not only deliver our goods safely, securely, and on time, but also keep our highways safe. Convoy would like to give a special thanks to our outstanding “Haul Stars” that move this industry forward. These individual businesses were recognized for their flawless performance with Convoy […]
Macey: One of my favorite questions to ask carriers is how did you find Convoy? Isaac: I actually found Convoy on another load board. We were looking for something local to do that day and we found this shipment with Convoy as the broker. So I gave Convoy a call, and right then and there, […]
We are launching four features designed to make every day tasks easier for truck drivers in our network.
Macey: Thank you for joining us today Robert! One of my favorite questions to ask carriers is what brought you to Convoy, and how did your first shipment go? Robert: “Okay. I’m a little sentimental about that first shipment because of the circumstances surrounding it. It was crazy. I got into it with my last […]
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.
Partners with best-in-class providers to offer industry-leading discounts that put up to $35,000 per truck per year back into the hands of owner-operators and small fleets
On Friday, July 10th, Convoy joined Kevin on his webinar series, Positive Matters, to discuss the current economy in regards to supply, demand, and truckload rates. In part one (demand), we looked at data on factory output and the headwinds and tailwinds in the freight economy. In part two (supply), we focussed on how driver […]
The Bureau of Labor Statistics’ (BLS) monthly Employment Situation Report is widely recognized as the most authoritative portrait of real-time economic activity. But for the freight industry, the report provides an incomplete snapshot of the state of trucker employment. This morning’s data showed a 0.7% (10,000, seasonally adjusted) increase in truck transportation jobs in August […]
Quality and compliance is perhaps one of the most important aspects of keeping both truck and other drivers safe. The Commercial Vehicle Safety Alliance’s (CVSA) International Roadcheck Blitz, often referred to as DOT Inspection Week, is set for September 9 – 11th. Below is a list of 3 ways every carrier in our network can […]
The Commercial Vehicle Safety Alliance (CVSA) announced that Brake Safety Week will proceed as scheduled from August 23-29. As a part of this, enforcement officials will inspect carrier vehicles for critical out-of-service brake violations and other out-of-service violations.
On Friday, July 10th, Convoy joined Kevin on his webinar series, Positive Matters, to discuss the current economy in regards to supply, demand, and truckload rates. In Part two of the webinar series, Kevin Rutherford and Aaron Terrazas, Convoy’s director of economic research, talked about how driver entries and exits are shaping the market, and […]
Convoy Factoring extends innovative QuickPay program to non-Convoy loads and introduces new fuel card to help carriers save an industry-leading $19,000 a year in operating costs.
Today we are introducing dedicated freight to provide every owner-operator and small fleet carrier in our network with equal access to predictable work and income. Every carrier in our network can bid on dedicated freight contracts within the Convoy mobile app, reducing time spent securing individual loads enabling carriers to focus on driving and generating […]
With CVSA Safety Week set for July 12 – 18th, we created a list of 3 ways every carrier in our network can be prepared