3 ms·
Convoy cancels all shipments, load board is empty, announcement upcoming
- duxup 3y agoI’m sure people will be very excited about the announcement after having the rug pulled from under their shipments / loads…
- toomuchtodo 3y agoThey 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-winding-down-its-freight-business-e84b987c https://www.wsj.com/articles/digital-startup-convoy-is-windi...
- duxup 3y agoI 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 3y agoSide 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 3y agoCurious 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 https://www.ttnews.com/logistics/freightbrokerage/2022 CH is the highest with $14.5B in revenue. Convoy is … 20th with $1.1B.
- deleted 3y ago[deleted]
- dang 3y agoSounds 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&sort=byDate&type=comment&query=%22announcement%20of%20an%20announcement%22 https://hn.algolia.com/?dateRange=all&page=0&prefix=true&sor... https://hn.algolia.com/?dateRange=all&page=0&prefix=false&sort=byDate&type=comment&query=%22no%20harm%20in%20waiting%22%20by:dang https://hn.algolia.com/?dateRange=all&page=0&prefix=false&so...