All Updates

All Updates

icon
Filter
Product updates
Flexport expands Convoy Platform to improve brokers' access to carriers
Supply Chain Tech
Jun 3, 2024
This week:
Funding
GrayMatter Robotics raises USD 45 million in Series B funding to accelerate AI-powered robotics solutions
Smart Factory
Yesterday
Funding
Vecna Robotics raises USD 100 million in Series C funding; appoints new COO
Logistics Tech
Yesterday
Funding
Vecna Robotics raises USD 100 million in Series C funding; appoints new COO
Smart Factory
Yesterday
Funding
FairNow raises USD 3.5 million to advance AI governance solutions
Generative AI Infrastructure
Yesterday
Partnerships
Gravitics develops testing gauntlet for larger spacecraft in collaboration with NASA
Space Travel and Exploration Tech
Yesterday
M&A
knownwell acquires Alfie Health to integrate AI in primary and obesity care services
Telehealth
Yesterday
Funding
Pomelo Care raises USD 46 million in Series B funding to expand virtual maternal care
Telehealth
Yesterday
Funding
Isar Aerospace raises EUR 65 million, backed by NATO Innovation Fund
Space Travel and Exploration Tech
Yesterday
Product updates
Beyond Meat releases new Beyond Sausage, expanding its Beyond IV product line
Plant-based Meat
Yesterday
Product updates
Funding
SurrealDB raises USD 20 million in Series A; launches beta version of Surreal Cloud
Data Infrastructure & Analytics
Yesterday
Supply Chain Tech

Supply Chain Tech

Jun 3, 2024

Flexport expands Convoy Platform to improve brokers' access to carriers

Product updates

  • Flexport has expanded the Convoy Platform for brokers to offer them easy access to a vast network of carriers nationwide. By doing so, it aims to simplify freight processes and reduce operational costs for carriers and brokers.

  • The Convoy Platform, powered by AI, compiles a reliable pool of carrier-owner operators for streamlined load management. It offers features such as 24/7 operation, high tracking visibility, carrier negotiation, vetting, status updates, document management, and automated payment. The platform also allows brokers to monitor carrier risks and minimize fraud with the help of ML models based on proprietary forensic data.

  • According to Flexport, the Convoy Platform provides an ideal environment for brokers to streamline their operations, effectively manage carrier relations, and foster their business growth. Technological progress is integral to the progress of the entire trucking industry, including carriers, brokers, and shippers. Flexport’s solution pursues this idea by providing the required digital tools to adapt to a constantly shifting market.

  • Analyst QuickTake: In November 2023, Flexport acquired Convoy for an undisclosed sum. Later, in February 2024, Flexport relaunched the Convoy Platform, aiming to provide a marketplace for trucking capacity, bridging the gap between small carriers, owner-operators, shippers, and brokers.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.