Is Convoy a broker?
Is this co-brokering? No. In this relationship, Convoy is not acting as a broker, but as a technology platform. Brokers using this new program will remain the broker of record for loads booked through our platform.
What is Convoy app?
About this app Convoy makes it easy for carriers to find, bid on, and haul loads that keep their trucks full and earning on the lanes they like to run. With everything done quickly and easily through the Convoy app, you’ll spend less time chasing freight, and more time on what matters.
What is Convoy carrier?
Carrier testimonials Convoy saves our company time and money by giving drivers tools to complete shipments in the app. Drivers can request detention, access lumpers, and immediately invoice Convoy by submitting photos of the BOLs in the app.
How do you book a Convoy load?
To start, just open the app and find loads on the lanes you like to run. Check details: Tap any load that you’re interested in hauling and view its details and upfront price. Book instantly: If you like the price, tap the “Accept Now” button to book it before anyone else. Congratulations, the load is yours!
Does convoy make money?
Convoy is profitable on a per-unit basis, meaning it makes a profit on individual shipments, but isn’t profitable overall due to its fixed costs, he said. Convoy is competing in a fragmented freight market in which fellow digital startups face growing pressure from investors to show profits. Rival Transfix Inc.
How many customers does convoy have?
Convoy competes with traditional brokerages but also late last year released a program that gives brokers access to Convoy’s network. Its network has more than 400,000 trucks and a roster of shippers including Home Depot, Procter & Gamble, Unilever, and Anheuser-Busch.
Who runs convoy?
Convoy is an American trucking software company co-founded by CEO Dan Lewis and CTO Grant Goodale. On 25 July 2017, the company raised $62 million in Series B funding led by Y Combinator’s Continuity Fund.
Is convoy a good company?
Convoy has an overall rating of 3.6 out of 5, based on over 313 reviews left anonymously by employees. 68% of employees would recommend working at Convoy to a friend and 61% have a positive outlook for the business. This rating has been stable over the past 12 months.
How many trucks does Convoy have?
Its network has more than 400,000 trucks and a roster of shippers including Home Depot, Procter & Gamble, Unilever, and Anheuser-Busch. Convoy’s primary verticals are consumer-packaged goods; food and beverage; manufacturing and industrials; and retail/wholesale.
How many customers does Convoy have?
Its current total head count is 1,300, according to a spokesperson, up from around 800 in late 2019. The new backing will also help Convoy bolster a “drop and hook” service in which drivers pick up shippers’ preloaded trailers, said Mr.
Who are convoys competitors?
Convoy’s top competitors include Apex Capital, Cargomatic, Transfix, uShip and Trucker Path. Convoy is a company developing a digital freight network solution.
What is convoy load board?
A load board is an online marketplace or matching system that allows shippers and freight brokers to find carriers for their loads, while helping carriers find loads to keep their truck full and maximize their earnings.
What type of company is convoy?
trucking software company
Convoy is an American trucking software company co-founded by CEO Dan Lewis and CTO Grant Goodale.
How much is convoy worth?
Convoy is now valued at $3.8 billion. “Every day millions of truck drivers get in their cabs and do the work that keeps our economy moving while ensuring people get what they need,” said Dan Lewis, Co-Founder and CEO of Convoy, in a statement.
Does convoy accept new authority?
Below is a list of some brokers that work with new(er) authorities: Convoy. Uber Freight.
How many employees does convoy have?
Founded in 2015, Convoy has quickly grown to over 1,000 employees. We’re one of the few hyper-scaling startups based in Seattle, and we’re actively building a strong, diverse team of brilliant people who want to innovate an industry.