Convoy Inc., the recently shuttered digital freight platform, has successfully closed a deal concerning its tech stack, sources say. This technology encompasses:
The widely-used driver application.
Advanced systems for freight matching and pricing.
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:
Software tailored for smaller fleet operations.
Transportation management system portals aiming to automate processes.
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
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
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