Convoy cancels all shipments, load board is empty, announcement upcoming (freightwaves.com)

7 comments

[ 3.6 ms ] story [ 32.4 ms ] thread

I’m sure people will be very excited about the announcement after having the rug pulled from under their shipments / loads…

toomuchtodo 2y ago ↗

They could've gone bankrupt without this notice. Would've been more unpleasant to have to unwind shipments in progress while the business closes.

https://www.wsj.com/articles/digital-startup-convoy-is-windi...

duxup 2y ago ↗

I wonder how profitable they would’ve been if they had needed to meet the demands of a $3B evaluation… grown a little slower/ differently.

dilippkumar 2y ago ↗

Side note:

I started following freight waves when I was working for an autonomous trucking company. This publication is one that I recommend adding to an RSS feed.

It's a surprisingly complex ecosystem that has deep insight into several facets of global economy. And this publication's coverage of this ecosystem has my vote of support.

cwilkes 2y ago ↗

Curious I wanted to see who are the top players in this market and the hype around Convoy and found https://www.ttnews.com/logistics/freightbrokerage/2022

CH is the highest with $14.5B in revenue. Convoy is … 20th with $1.1B.

[deleted] 2y ago ↗

(comment deleted)

dang 2y ago ↗

Sounds like this is an announcement of an announcement and therefore offtopic for HN. We can have a discussion when the actual announcement occurs.

https://hn.algolia.com/?dateRange=all&page=0&prefix=true&sor...

https://hn.algolia.com/?dateRange=all&page=0&prefix=false&so...