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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 […]

Behind the scenes with the Convoy gang – FreightWaves – Linda Baker, Staff Writer

Convoy CEO Dan Lewis is giving a tour of the company’s headquarters in downtown Seattle. He points out the stocked kitchens (plural), the 55-person data science team, the P&G Carrier of the Year award and the Ping Pong station, then stops in front of a bulletin board featuring the “Pets of Convoy.” There he pulls […]

Uber Freight, Convoy rise as traditional load boards lose market share – FreightWaves – John Paul Hampstead, Associate Editor

( Photo: Uber Freight ) Upstarts Uber Freight and Convoy continued to gain market share among freight-matching rivals, as more traditional load boards saw their market share ebb in the face of more heavily digitized competition, according to a report from investment bank UBS. The study by UBS Group AG (NYSE: UBS) is the bank’s […]

Tech 25: Silicon Valley money and the network effect lead Convoy to #4 – NewsTechnology Freight.

Just three years after its founding in Seattle by two former Amazon executives, the leading digital freight brokerage Convoy reached a unicorn valuation and took the #4 spot in the Freight.Tech 25. Dan Lewis, co-founder and CEO, worked at Microsoft and Google before serving as the GM of New Shopping Experiences at Amazon. Grant Goodale, […]

Convoy secures $185 million in Series C funding round – Logistics Management – By Jeff Berman, Group News Editor

Seattle-based Convoy, a digital freight technology-enabled network, recently announced it secured $185 million in Series C funding. The company said the round of funding was led by the growth equity investment fund of Google’s parent Alphabet City, CapitalG. With this funding, Convoy said that the amount of total capital it has raised now stands at […]

Convoy closes $185M Series C to reach unicorn valuation – FreightWaves – John Paul Hampstead, Associate Editor

Convoy’s founders: CTO Grant Goodale and CEO Dan Lewis. ( Photo: Convoy ) The growth equity investment fund of Google parent company Alphabet, CapitalG, led this round of Convoy’s capital raise, bringing the digital brokerage’s total funding raised so far to more than $265M and a valuation exceeding $1B. As part of the deal, David […]

Digital Freight Startup Convoy Raises $185 Million, Surpasses $1 Billion in Value – WSJ – By Erica E. Phillips

Digital freight-booking startup Convoy raised $185 million in a funding round led by an investment arm of Google parent company Alphabet Inc., GOOG 0.76% adding big new backing for the company competing in an increasingly crowded field trying to reshape U.S. shipping operations. The funding round led by Alphabet’s CapitalG, one of the biggest investments […]

Trucking startup Convoy reaches $1B valuation after huge $185M investment led by Google VC arm – Geek Wire – BY TAYLOR SOPER

After serving 14 years for the Royal Canadian Navy, Ira Lawrence was ready for a new adventure. He and his wife decided to start a trucking company in 2017, but several hurdles nearly caused them to quit before even getting started. But then Lawrence found Convoy, a Seattle startup that developed an app to match […]

Convoy and Uber Freight take on US truck brokerage – JOC – Chris Barnett, Special Correspondent

Convoy, backed by billionaire tech pioneers Jeff Bezos and Bill Gates, and Uber Freight, an offshoot of the globally disruptive ride-sharing giant, are trying to grab a slice of the fragmented US truck brokerage market, taking different routes to lure skeptical drivers and capacity-hungry shippers. The two technology startups are attempting to persuade US shippers […]

Convoy, Uber Accelerate Push to Match Carriers With Loads Via Mobile Apps – Transport Topics

The push to automate freight brokering is gaining momentum with technology startup Convoy raising $62 million to accelerate its growth plans and Uber Freight adding features and expanding into new markets since its May launch. These digital freight brokers offer mobile applications that match carriers with loads, automate manual processes and provide upfront pricing and […]