Digital freight broker Convoy announced Thursday that it's shutting down operations. Convoy raised $260 million at a $3.8 billion valuation just 18 months ago. The announcement comes just one week ...

Co-founder and CEO Dan Lewis said Convoy spent over four months “exhausting all viable strategic options for the business,” but no buyers or investors stepped up. Courtesy of Convoy The company will ...

Seattle-based freight startup Convoy is closing down business operations and laying off most of its staff, according to a memo sent to employees Thursday morning by CEO Dan Lewis. The abrupt shutdown, ...

36th Annual State of Logistics Report: Navigating uncertainty amid rising costs and global disruptions The 36th Annual State of Logistics (SoL) Report highlights a logistics market tested by economic ...

DAT Freight & Analytics has agreed to acquire the Convoy Platform from Flexport, adding automation and digital freight-matching technology to its product portfolio. The Convoy Platform allows freight ...

Convoy’s technology could end up in the hands of a new buyer. The Seattle-based business suspended operations and laid off 533 workers last week after trying to find a buyer or investor for four ...

Flexport, the new operator of the rebooted Convoy Platform, responded to Overdrive inquiries about the trucking companies left unpaid when the digital freight brokerage's platform suddenly shut down ...

Convoy, a digital freight startup founded by former Amazon.com (NASDAQ:AMZN) executives, is suspending operations and winding down its core business as it explores alternatives, including the ...

Digital freight broker Convoy told employees Thursday that it's shutting down operations due to a "massive freight recession." The move comes just one week after supply chain software startup Flexport ...

Add Yahoo as a preferred source to see more of our stories on Google. A "perfect storm" including 2023's freight recession and an industrywide pullback in venture funding has led digital trucking ...