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Flexport expands Convoy Platform to improve brokers' access to carriers
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Truck Industry Tech

Truck Industry 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.

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