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Convoy adds TMS feature providing real-time data on carrier performance stats

Article written by Ben Ames Online truck brokerage Convoy has launched a feature in its transportation management system (TMS) that allows shippers to access real-time data on carrier performance, and thus centralize their routing guides and cut tendering time in half, the firm said today. Seattle-based Convoy added the feature called “Carrier Insights” to its Convoy […]

Digital Freight Sector Responds to Coronavirus Outbreak

Article by Connor D. Wolf Getty Images [Stay on top of transportation news: Get TTNews in your inbox.] Digital freight companies are taking a proactive approach to confronting the coronavirus as the outbreak worsens. “This outbreak has been massively disruptive for the American economy and we, like many others, everyone in the freight industry right now, […]

Convoy Enhances App, Giving Carriers Access to More Spot Freight – John Sommers II for Transport Topics

 Convoy booth at an industry show by John Sommers II for Transport Topics [Stay on top of transportation news: Get TTNews in your inbox.] Digital freight broker Convoy launched direct-from-shipper loads nationwide, a feature intended to provide carriers access to 10 times the amount of spot freight from America’s largest shippers. Convoy connects carriers to shippers […]

The ‘Uber for trucking’ tries to navigate some Uber-scale problems – Dina Bass | Oct 29 2019 at 06:00 AM

Amit Sekhri took up trucking in the thick of the Great Recession, drawn in part by the freedom of driving the open roads. He was prepared for long hours and weeks away from home. But two of his biggest—and least expected—gripes were the constant phone calls and late payments. Like many truckers, Sekhri booked his […]

Digital Freight: The Race to Automate Truck Brokerage

Written by Benjamin Gordon In the race to digitize the truck brokerage market, will the winner be an incumbent or a challenger? The upside is enormous. Trucking is a $734 billion market. Truckload and less-than-truckload revenue constitute close to $400 billion. If 20% of that market is outsourced, then truck brokerage spending totals $80 billion. […]

Traditional freight brokers investing millions to stay on top – FreightWaves – Ben Thrower, Contributor 09/23/2019

 New technologies are changing the way the freight brokerage industry performs day-to-day operations. (Image: Jim Allen/FreightWaves) New technologies are changing the way the freight brokerage industry performs day-to-day operations. For the past several years it has been the consensus in the industry that the freight brokerage market is headed in the direction of doing everything […]

Convoy offering provides shippers and stakeholders with API access to its digital freight network – By Jeff Berman, Logistics Management – Group News Editor

Seattle-based digital freight broker Convoy announced today it has released a new offering that provides TMS (Transportation Management Systems) providers, Managed Transportation Providers (MTP) and other logistics stakeholders with access to its automated real-time pricing and capacity for live and drop-and-hook loads. Entitled Convoy Now, company officials described this offering as a suite of application […]

Why digital freight brokers might fail to disrupt the freight brokerage industry

Written by Brian Aoeah The news about Convoy raising capital at a multi-billion dollar valuation got me thinking again about innovation, technology, and disruption in the freight brokerage market. It also comes on the heels of; “What Are Digital Freight Brokers Worth?”, an extensive research report published by FreightWaves’ proprietary research desk, Freight Intel – […]

DHL Supply Chain adds Convoy integration for truck capacity, pricing Aaron Huff| CCJ – @AaronHuffCCJ

DHL Supply Chain, the largest contract logistics provider in North America and part of the Deutsche Post DHL Group, announced new developments in its transportation digitization strategy. DHL Supply Chain is the largest and most diverse division of DHL with more than 2,000 warehouses in operations for customers as a third-party logistics provider (3pl). In […]

How much are digital freight brokerages really worth? (Video in source link) – FreightWaves – John Paul Hampstead, Associate Editor

If everything goes right, the market cap of all digital brokerages in the United States could total $30 billion in 10 years. The total addressable market for digital freight brokerage is a mere fraction of the size quoted in pitch decks and investment bank research reports, but there’s still plenty of upside for a few […]

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