Magazine Store

10 Best Supply Chain Companies to Watch 2020

Convoy – Transporting the world with endless capacity by combining machine learning with automation


Today's freight logistics industry is beginning to undergo major transformation acceleration and a reinvention, thanks to new digital technologies designed to drive efficiencies. Foresighted shippers and truck drivers are adopting these solutions to gain a competitive edge in the years ahead. Several dynamics are driving the change. Big Data is providing companies with an unprecedented amount of actionable market intelligence. The Internet of Things is increasingly connecting people 24/7 with all types of devices, networks, vehicles, and more. This situation has inspired several technology companies to develop a new category of on-demand software solutions, referred to as digital freight matching (DFM). DFM is gaining traction because it addresses critical pain points for both shippers and drivers.

Convoy is one such efficient digital freight network, using machine learning and automation to connect shippers and carriers to move millions of truckloads, save money for shippers, increase earnings for carriers, and eliminate carbon waste planet. Convoy lowers total costs for shippers, providing asset-like reliability and efficiency, with broker-like flexibility. It increases quality while providing transparent access to real-time data insights that help shippers improve operations. Convoy maximizes earnings for carriers by keeping their trucks full on the lanes they like to run with less hassle.

World-class services offered by Convoy

Convoy Factoring: Freight factoring is all about cash flow. If you have slow-paying customers or brokers, you may have to wait 45 days or more to get paid for your work. However, it would help if you had the cash flow to pay your expenses such as fuel, insurance, payroll, repairs, and more. That's where freight factoring comes in. Factoring is an easy way to manage cash flow for your trucking company. Convoy process invoices for freight that you've already delivered, so its money is advanced on accounts receivable. Freight factoring keeps the cash flowing so you can keep hauling.

Convoy QuickPay™: Convoy makes it easy to find, bid on, and haul loads that keep your trucks full and gets you paid quickly with free Convoy QuickPay™. Access drop-and-hook freight from shippers nationwide with Convoy power only loads available to carriers of all sizes. Haul preloaded trailers to save time and prevent wear and tear on your equipment. Free Convoy QuickPay™ is available on all loads offered on the Convoy app. To qualify, the driver must be logged into the Convoy app with location services enabled 3.5 hours before the pickup and for the entire shipment duration. Once the shipment is complete, a photo of the Bill of Lading must be uploaded within 24 hours.

Convoy Fuel Card: It saves an average of $.63 per gallon* and up to $11,000 per year. It's available to every carrier in the network—no transaction fees at participating locations. 1000+ participating truck stops, including TA Petro, Ambest, and more, are available, and it is accepted anywhere EFS is. The team has dedicated Account Managers on call to help whenever you need them. Credit line provided to Convoy Factoring carriers, cash-secured card for others.

Convoy Shipping: From live to drop and primary to spot, Convoy has you covered. The firm offers dry van, reefer, and drop-and-hook services to shippers of all sizes across the ever-expanding freight network in the US with border service to Canada. Whether you're looking to book a quick spot load, manage your contract freight, or track the progress of your Convoy shipments 24/7, the online products and TMS integrations make it easy. Get instant quotes and guaranteed capacity, book spot or contract freight with just a few clicks, and get live GPS shipment tracking with the free online shipper platform. Book and manage Convoy shipments directly within your TMS. The firm provides EDI and API integrations with leading providers, including BluJay, Oracle, MercuryGate, and custom TMSes. Discover the free, easy-to-use 'freight command center' that helps you tender all your shipments, manage your carrier relationships, and optimize your routing guide.

The visionary leader behind the success of Convoy

Dan Lewis serves as the Chief Executive Officer of Convoy. Before Convoy, Dan served as General Manager of New Shopping Experiences at Amazon, as well as Vice President of Product and Operations at Wavii (acquired by Google), and Group Product Manager at Microsoft. Dan started his career in technology and supply chain consulting for Oliver Wyman after studying cognitive science at Yale University.

"We build technology to find smarter ways to connect shippers with carriers while solving some of the toughest problems that result in waste in the freight industry."