Convoy
Convoy is a Seattle-based digital freight broker that enhances logistics efficiency by connecting shippers with carriers through advanced technology, aiming to reduce costs and improve delivery reliability.
Services
Convoy offers a range of services designed to enhance efficiency and reduce costs in the freight and logistics industry. These include connecting shippers with carriers, providing real-time fraud detection systems, and introducing the Convoy Just-In-Time service, which guarantees on-time delivery with flexibility. Convoy's new bidding technology allows for instant bid responses, streamlining the freight booking process. The company also provides dedicated on-demand freight services, enabling shippers to adjust freight capacity as needed. Additionally, Convoy offers a digital freight network that connects carriers to high-quality freight, increasing driver earnings and streamlining operations.
Sustainability Initiatives
Convoy is committed to sustainability, with initiatives focused on reducing empty miles in the freight industry. The company has introduced an Emission Insights Dashboard to help shippers and carriers track and reduce their carbon emissions. These efforts are part of Convoy's broader objective to promote environmentally friendly practices within the supply chain and logistics industry.
Technology and Innovations
Convoy leverages technology to innovate within the logistics industry. The company has launched a real-time fraud detection system that significantly reduces theft and double brokering, with fraud incidents dropping to less than 0.001% of loads. Convoy also developed bidding technology for instant bid responses, making the freight booking process quicker and more efficient. Additionally, Convoy participated in the Volvo Autonomous Solutions Reservation Program to explore autonomous trucking solutions, demonstrating its commitment to staying at the forefront of technological advancements in logistics.
Platform for Carriers
Convoy offers a comprehensive platform for carriers, designed to help them find loads and manage their businesses more effectively. The platform includes exclusive offers, testimonials, and support options. Carriers can sign up through Convoy's app, which is available on both iOS and Android platforms. The app helps keep trucks full on preferred lanes, increasing efficiency and driver earnings. Furthermore, the platform empowers carriers to combat human trafficking through a dedicated in-app feature, highlighting Convoy's commitment to social responsibility.
Recognition and Awards
Convoy has been recognized for its innovation in logistics, making it to CNBC’s Disruptor 50 List for five consecutive years. This accolade highlights the company's significant impact on the freight industry through its technological innovations and efficiency-enhancing services. Convoy's commitment to improving supply chain and logistics practices has earned it a reputable position in the industry.