Digital freight broker Convoy resurrected after company closure last year

Digital freight broker Convoy is relaunching just a few months after the company shuttered core operations last fall.

On February 22, 2024, California-based logistics tech company Flexport Inc. announced the relaunch of the Convoy Platform, giving small carriers access to freight from a global network of shippers and brokers.

Seattle-headquartered Convoy shuttered in October 2023, laying off approximately 500 workers. Company leaders cited an “unprecedented freight market collapse” and “dramatic monetary tightening” over the past 18 months as reasons for the company closure.

In November 2023, Flexport acquired Convoy’s technology and intellectual property.

Flexport says that the relaunched Convoy Platform will offer customers “dependable, fast, and efficient Full Truckload (FTL) services” while at the same time strengthening “the ecosystem of the trucking industry.”

Carriers will be able to book loads from vetted shippers and brokers through the Convoy app, with 24/7 access to the Convoy load board and same-day or next-day pay options.

“Today’s launch of the Convoy Platform furthers Flexport’s product vision to build a true one-stop-shop to ship any product, in any quantity, between any two places in the world,” said Flexport CEO Ryan Petersen. “As a neutral, end-to-end supply chain platform, we’re able to bring together every party in global logistics with one common mission: make global commerce so easy there’s more of it.”

“Shippers, carriers, and brokers need innovative technology solutions to provide them the flexibility, reliability, and operational efficiency to manage through this often challenging and ever-changing market. We’re thrilled to restore this transformative trucking technology to the industry,” said Flexport EVP and Head of Trucking, Bill Driegert. “The Convoy Platform will provide an effortless, fully integrated experience for shippers and brokers while offering easy access and execution of freight to thousands of owner-operators and small carriers. It’s long been Flexport’s belief that no single company can provide a solution to every problem in global logistics, and we are committed to using technology to create a more collaborative, transparent, and reliable freight ecosystem for all.”

“I’m excited to be able to use Convoy’s technology again. I’ve been running my business and using its tools for years now; it’s the most driver-friendly and it’s a huge relief to have the app back in today’s market. Can’t wait to start moving freight on the Convoy Platform again,” said Jeffery Swansey, SJS Transport.

You can learn more about the relaunched Convoy Platform here.