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Truck Industry Tech

Truck Industry Tech

Convoy teardown: Digital marketplace for carriers, shippers, and brokers

Convoy operates an AI-powered digital marketplace for carriers, shippers, and brokers, providing a platform that can fully handle freight matching without human intervention. In addition to its primary offering, Convoy operates an ecommerce business dedicated to trucking gear. Through its freight matching portal, shippers can get quotations, book spot and contract freights, track shipments, and even integrate with their transport management software (TMS). The company also allows truckers to book multiple loads (“Automated Reloads”) and enables trucks, including private fleets, to be hooked up to a pre-filled cargo trailer (i.e., a power-only freight service called “Convoy Go”). Our content partner Sacra’s company teardown (February 2023) takes a deeper look at Convoy’s financials, business model, competitive environment, and market opportunities.

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