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Convoy Inc. seals a deal for its tech stack, which includes its driver app, automated price matching, and more.
Convoy Inc., the recently shuttered digital freight platform, has successfully closed a deal concerning its tech stack, sources say. This technology encompasses:
Details Under Wraps
Information regarding the sale is limited. The identity of the buyer is not disclosed, ensuring confidentiality. Dan Lewis, Convoy's CEO, hinted about this transaction on LinkedIn, indicating that it involves significant "tech/services" and will see the transfer of some Convoy team members.
Convoy's Journey
Over its operational years, Convoy developed:
Source: FreightWaves
Walmart is a no go, their tech stack is beyond where convoy is.. They are paying co drivers, and controlling inbound and outbound....they have figured out how to reduce costs by paying for quality drivers.....Co to watch over next 6-12 months on bottom line
— NoNameStephens (@NonameStephens) October 19, 2023
CH Robinson, TQL..
The freight market recovery is still stuck in neutral, so what are brokers doing instead? 76% are betting on tech, automation, and efficiency to stay ahead in 2025.
"Freight forwarders are held back by outdated systems and manual processes that drain time and resources. Our vision is to change that- to build the world’s first truly autonomous Freight Management System that enables zero-touch shipments."
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