Convoy just raised $US400 million for its freight brokerage and software solution. The Seattle-based trucking tech unicorn is now valued at $US2.75 billion. Convoy was unable to share how it reached that valuation. Trucking is an $US800 billion industry, and one that tech giants like Uber and Oracle are rushing […]
Convoy is a Seattle-based transportation startup dedicated to improving efficiency in the $US800 billion trucking industry. On Thursday, Convoy announced a new tool that allows truck drivers to pick up a series of jobs at the same time. That’s aimed at addressing a major stressor among truck drivers: “empty miles.” […]
Alphabet’s investment arm, CapitalG, just announced a $US185 million investment in Convoy, a technology-enabled trucking network. Convoy allows trucking and shipping companies to connect over an app, rather than the traditional way of using a phone broker. It’s not Alphabet’s first move into the world of freight. Its autonomous driving […]
The Army is preparing to test driverless vehicles in the convoys that deliver supplies like food and ammunition to bases and outposts. The service sees autonomous convoys as a way to free up troops and lower the risks they face. While introducing autonomous tech is feasible, doing so will raise […]
Amazon is building an app that...
Anytime you can get funding from the likes of...