Convoy

Digital freight network connecting carriers and shippers

Seattle, Washington, United States

About Convoy

Convoy operates a digital freight network that connects shippers with carriers, simplifying the freight process and reducing costs for clients. Its platform eliminates the need for traditional freight brokers, allowing for direct communication and transactions between shippers and trucking companies. Convoy's technology is designed to handle market fluctuations, ensuring consistent trucking capacity for its clients. The company generates revenue by charging fees for its services, including a drop-and-hook program that enhances efficiency by allowing shippers to quickly exchange trailers. Additionally, Convoy offers real-time shipment tracking, which helps clients manage their logistics more effectively. What sets Convoy apart from competitors is its commitment to high-quality service and customized solutions, fostering long-term partnerships with clients.

Seattle, WashingtonHeadquarters
2015Year Founded
$803MTotal Funding
DEBTCompany Stage
Data & Analytics, Automotive & TransportationIndustries
201-500Employees

Benefits

Medical, dental, and vision premiums 100% covered, and 85% covered for your family
Employee resource groups
Commuter benefits
Time off
401(k)
On-demand mental and emotional health benefits through Lyra, and on-demand primary care through 98.6.
Fertility benefit solutions via Progyny.
Child-care and adult/elder-care options through Bright Horizons.
Mother’s rooms with in-room, hospital-grade breast pumps for breastfeeding mothers. For traveling mothers, Convoy will reimburse the cost of shipping breast milk home.

Risks

Increased competition from Seattle startups like Shipium and Freightmate challenges Convoy's market position.
Freight theft incidents have impacted Convoy's reputation and operational security.
Legal challenges from clients like Ikea could harm Convoy's financial stability.

Differentiation

Convoy leverages technology to streamline freight, reducing costs and increasing efficiency.
The company offers a drop-and-hook program, saving time and boosting operational efficiency.
Convoy provides real-time shipment tracking, enhancing operational transparency for shippers.

Upsides

Seattle's logistics tech talent pool offers Convoy a strategic advantage for innovation.
AI-driven logistics solutions optimize freight operations, reducing costs for Convoy.
Platformization in logistics streamlines operations, creating competitive advantages for Convoy.